Overview
Price & Performance
Tax & Distributions
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(Excel)
Holdings & Allocations
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Fund Profile
Key Facts
| Fund Ticker | ZWH.U |
|---|---|
| Net Assets (Mn) (Sep 18, 2019) |
$ 101.40 |
| Base Currency | USD |
| Closing Market Price | $ 21.78 |
| 12-Month Low/High (Market Price) | $ 18.73 / $ 22.34 |
| Closing NAV Price (Sep 18, 2019) |
$ 21.8067 |
| 12-Month Low/High (Price (NAV)) | $ 18.6182 / $ 22.4181 |
| Annualized Distribution Yield (Sep 13, 2019) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
6.04% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.72% |
| Market Volume | 3,782 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Feb 12, 2015 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 4,650 |
| Index | - |
| Market Cap ($Bn) (Aug 30, 2019) |
6,883.47 |
| Exchange | TSX |
| CUSIP | 05579F114 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO US High Dividend Covered Call ETF (US Dollar Units) has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The Fund screens for securities for dividend growth, sustainability, and option liquidity. The Fund also dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is re-balanced to maintain broad sector diversification and options are rolled forward upon expiry. In addition, ZWH may hold other underlying ETFs, the management fees charged are reduced by management fees paid on the underlying ETFs, thereby avoiding duplication of the management fees. The ETF trades in US dollars on the TSX.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of high dividend U.S. companies
- Call option writing reduces volatility
- Further diversification from U.S. currency
- Purchased in U.S. currency
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Growth of 10,000
Performance Details
| Fund Total Assets ($Mn) (Sep 18, 2019) |
$ 101.40 |
|---|---|
| Market Price | $ 21.78 |
| 12-Month Low/High (Market Price) | $ 18.73 / $ 22.34 |
| Price (NAV) | $ 21.8067 |
| 12-Month Low/High (Price (NAV)) | $ 18.6182 / $ 22.4181 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Sep 18, 2019) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 21.78 | $ -0.02 | -0.09% |
| Price (NAV) | $ 21.8067 | $ -0.0108 | -0.05% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Aug 30, 2019
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 0.46% | 4.95% | 6.38% | - | - | 6.99% |
| Index | - | - | - | - | - | - |
| Aug 30, 2019 |
Calendar Year Performance (%) for period ending: Aug 30, 2019
| YTD | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|
| NAV | 11.10% | -7.26% | 12.96% | 13.58% | 2.85% |
| Index | - | - | - | - | - |
| Aug 30, 2019 |
Cumulative Performance (%) for period ending: Aug 30, 2019
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 11.10% | -2.16% | 5.25% | 2.31% | 0.46% | 10.15% | 20.39% | - | - | 35.96% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Aug 30, 2019 |
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Distribution History
| Distribution Period Future distribution dates may change without any prior notice. | Ex-Dividend Date | Record Date | Pay Date | Cash Distribution Per Unit | Reinvested Distribution Per Unit Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held. | Total Distribution Per Unit |
|---|---|---|---|---|---|---|
| Jan, 2019 | Jan 29, 2019 | Jan 30, 2019 | Feb 04, 2019 | 0.103000 | 0.000000 | 0.103000 |
| Feb, 2019 | Feb 26, 2019 | Feb 27, 2019 | Mar 04, 2019 | 0.103000 | 0.000000 | 0.103000 |
| Mar, 2019 | Mar 27, 2019 | Mar 28, 2019 | Apr 02, 2019 | 0.103000 | 0.000000 | 0.103000 |
| Apr, 2019 | Apr 26, 2019 | Apr 29, 2019 | May 02, 2019 | 0.103000 | 0.000000 | 0.103000 |
| May, 2019 | May 29, 2019 | May 30, 2019 | Jun 04, 2019 | 0.110000 | 0.000000 | 0.110000 |
| Jun, 2019 | Jun 26, 2019 | Jun 27, 2019 | Jul 03, 2019 | 0.110000 | 0.000000 | 0.110000 |
| Jul, 2019 | Jul 29, 2019 | Jul 30, 2019 | Aug 02, 2019 | 0.110000 | 0.000000 | 0.110000 |
| Aug, 2019 | Aug 28, 2019 | Aug 29, 2019 | Sep 04, 2019 | 0.110000 | 0.000000 | 0.110000 |
| Sep, 2019 | Sep 26, 2019 | Sep 27, 2019 | Oct 02, 2019 | - | - | - |
| Oct, 2019 | Oct 29, 2019 | Oct 30, 2019 | Nov 04, 2019 | - | - | - |
| Nov, 2019 | Nov 27, 2019 | Nov 28, 2019 | Dec 03, 2019 | - | - | - |
| Dec, 2019 | Dec 27, 2019 | Dec 30, 2019 | Jan 03, 2020 | - | - | - |
| Year to Date | 0.852000 | 0.000000 | 0.852000 |
| Distribution Period | Eligible Dividends | Non Eligible Dividends | Other Income | Capital Gains | Return of Capital | Foreign Income | Foreign Tax Paid | Total Distribution per Unit for Tax Purpose The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution. |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - |
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Daily Holdings
As of Sep 18, 2019
Stock
100.64%
Cash and Cash Equivalents
-0.64%
Number of Holdings
69
Total Net Assets
$ 101,401,062.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 4.40% | AT&T INC | US00206R1023 | T | 796,609 | USD | 38,905,855 | Communication Services | Stock |
| 3.91% | PPL CORP | US69351T1060 | PPL | 834,039 | USD | 34,595,014 | Utilities | Stock |
| 3.78% | VALERO ENERGY CORP | US91913Y1001 | VLO | 301,382 | USD | 33,474,788 | Energy | Stock |
| 3.76% | INTERNATIONAL BUSINESS MACHINES CORP | US4592001014 | IBM | 176,152 | USD | 33,284,536 | Information Technology | Stock |
| 3.61% | DOW INC | US2605571031 | DOW | 505,893 | USD | 31,932,870 | Materials | Stock |
| 3.54% | ABBVIE INC | US00287Y1091 | ABBV | 330,752 | USD | 31,318,683 | Health Care | Stock |
| 3.38% | SOUTHERN CO/THE | US8425871071 | SO | 369,717 | USD | 29,865,325 | Utilities | Stock |
| 3.31% | CVS HEALTH CORP | US1266501006 | CVS | 347,867 | USD | 29,237,260 | Health Care | Stock |
| 3.28% | OCCIDENTAL PETROLEUM CORP | US6745991058 | OXY | 489,940 | USD | 29,044,688 | Energy | Stock |
| 3.25% | VERIZON COMMUNICATIONS INC | US92343V1044 | VZ | 361,118 | USD | 28,753,298 | Communication Services | Stock |
| 3.20% | GENERAL MOTORS CO | US37045V1008 | GM | 558,133 | USD | 28,311,826 | Consumer Discretionary | Stock |
| 3.19% | INTERNATIONAL PAPER CO | US4601461035 | IP | 515,238 | USD | 28,196,417 | Materials | Stock |
| 3.18% | WELLS FARGO & CO | US9497461015 | WFC | 432,932 | USD | 28,144,216 | Financials | Stock |
| 3.14% | UNITED PARCEL SERVICE INC | US9113121068 | UPS | 172,889 | USD | 27,802,927 | Industrials | Stock |
| 3.10% | VENTAS INC | US92276F1003 | VTR | 284,971 | USD | 27,453,190 | Real Estate | Stock |
| 3.06% | QUALCOMM INC | US7475251036 | QCOM | 258,448 | USD | 27,092,210 | Information Technology | Stock |
| 3.05% | CHEVRON CORP | US1667641005 | CVX | 163,386 | USD | 26,956,329 | Energy | Stock |
| 2.87% | EATON CORP PLC | IE00B8KQN827 | ETN | 224,850 | USD | 25,386,561 | Industrials | Stock |
| 2.73% | PRUDENTIAL FINANCIAL INC | US7443201022 | PRU | 203,457 | USD | 24,106,511 | Financials | Stock |
| 2.69% | METLIFE INC | US59156R1086 | MET | 374,798 | USD | 23,827,224 | Financials | Stock |
| 2.64% | TARGET CORP | US87612E1064 | TGT | 164,268 | USD | 23,345,824 | Consumer Discretionary | Stock |
| 2.62% | BB&T CORP | US0549371070 | BBT | 328,049 | USD | 23,147,776 | Financials | Stock |
| 2.57% | CATERPILLAR INC | US1491231015 | CAT | 130,574 | USD | 22,738,104 | Industrials | Stock |
| 2.43% | HOME DEPOT INC/THE | US4370761029 | HD | 70,033 | USD | 21,477,772 | Consumer Discretionary | Stock |
| 2.37% | JPMORGAN CHASE & CO | US46625H1005 | JPM | 131,715 | USD | 20,957,587 | Financials | Stock |
| 2.35% | INTEL CORP | US4581401001 | INTC | 302,214 | USD | 20,774,723 | Information Technology | Stock |
| 2.32% | PFIZER INC | US7170811035 | PFE | 423,893 | USD | 20,488,643 | Health Care | Stock |
| 2.31% | PROCTER & GAMBLE CO/THE | US7427181091 | PG | 126,453 | USD | 20,397,542 | Consumer Staples | Stock |
| 2.24% | SYSCO CORP | US8718291078 | SYY | 189,359 | USD | 19,839,785 | Consumer Staples | Stock |
| 2.16% | LOCKHEED MARTIN CORP | US5398301094 | LMT | 36,154 | USD | 19,071,501 | Industrials | Stock |
| 2.14% | PUBLIC STORAGE | US74460D1090 | PSA | 56,918 | USD | 18,940,856 | Real Estate | Stock |
| 2.13% | MICROSOFT CORP | US5949181045 | MSFT | 102,361 | USD | 18,838,280 | Information Technology | Stock |
| 2.12% | MCDONALD'S CORP | US5801351017 | MCD | 67,220 | USD | 18,793,186 | Consumer Discretionary | Stock |
| 2.08% | MERCK & CO INC | US58933Y1055 | MRK | 167,018 | USD | 18,422,148 | Health Care | Stock |
| 1.72% | CISCO SYSTEMS INC | US17275R1023 | CSCO | 231,964 | USD | 15,205,965 | Information Technology | Stock |
| 0.00% | CORTEVA INC | US22052L1044 | CTVA | 151 | USD | 5,848 | Materials | Stock |
| 0.00% | DUPONT DE NEMOURS INC | US26614N1028 | DD | 167 | USD | 15,973 | Materials | Stock |
| 0.00% | CISCO SYSTEMS INC 20Sep2019 57.5 CALL | - | CSCO 9 | -1,200 | USD | -3,189 | - | Cash and Cash Equivalents |
| 0.00% | INTERNATIONAL PAPER CO 20Sep2019 42.5 CALL | - | IP 9 C4 | -2,600 | USD | -17,272 | - | Cash and Cash Equivalents |
| 0.00% | OCCIDENTAL PETROLEUM CORP 20Sep2019 50 CALL | - | OXY 9 C | -2,600 | USD | -13,817 | - | Cash and Cash Equivalents |
| 0.00% | VENTAS INC 20Sep2019 75 CALL | - | VTR 9 C | -1,500 | USD | -9,964 | - | Cash and Cash Equivalents |
| 0.00% | GENERAL MOTORS CO 20Sep2019 40 CALL | - | GM 9 C4 | -2,900 | USD | -7,706 | - | Cash and Cash Equivalents |
| 0.00% | MICROSOFT CORP 20Sep2019 146 CALL | - | MSFT 9 | -500 | USD | -664 | - | Cash and Cash Equivalents |
| 0.00% | PUBLIC STORAGE 20Sep2019 270 CALL | - | PSA 9 C | -300 | USD | -1,993 | - | Cash and Cash Equivalents |
| 0.00% | UNITED PARCEL SERVICE INC 27Sep2019 123 CALL | - | UPS 9 C | -500 | USD | -41,187 | - | Cash and Cash Equivalents |
| 0.00% | VALERO ENERGY CORP 20Sep2019 87 CALL | - | VLO 9 C | -1,600 | USD | -19,132 | - | Cash and Cash Equivalents |
| 0.00% | VERIZON COMMUNICATIONS INC 20Sep2019 60 CALL | - | VZ 9 C6 | -800 | USD | -26,572 | - | Cash and Cash Equivalents |
| -0.01% | DOW INC 20Sep2019 47.5 CALL | - | DOW 9 C | -1,200 | USD | -71,744 | - | Cash and Cash Equivalents |
| -0.01% | QUALCOMM INC 20Sep2019 80 CALL | - | QCOM 9 | -1,300 | USD | -44,907 | - | Cash and Cash Equivalents |
| -0.01% | UNITED PARCEL SERVICE INC 20Sep2019 120 CALL | - | UPS 9 C | -400 | USD | -79,716 | - | Cash and Cash Equivalents |
| -0.01% | CVS HEALTH CORP 27Sep2019 64.5 CALL | - | CVS 9 C | -1,800 | USD | -83,702 | - | Cash and Cash Equivalents |
| -0.02% | LOCKHEED MARTIN CORP 20Sep2019 390 CALL | - | LMT 9 C | -190 | USD | -194,122 | - | Cash and Cash Equivalents |
| -0.02% | DOW INC 27Sep2019 48 CALL | - | DOW 9 C | -1,200 | USD | -135,517 | - | Cash and Cash Equivalents |
| -0.02% | CHEVRON CORP 18Oct2019 125 CALL | - | CVX 10 | -800 | USD | -198,759 | - | Cash and Cash Equivalents |
| -0.03% | INTERNATIONAL BUSINESS MACHINE 20Sep2019 140 CALL | - | IBM 9 C | -900 | USD | -289,369 | - | Cash and Cash Equivalents |
| -0.03% | PRUDENTIAL FINANCIAL INC 20Sep2019 87.5 CALL | - | PRU 9 C | -1,100 | USD | -270,370 | - | Cash and Cash Equivalents |
| -0.03% | CATERPILLAR INC 20Sep2019 128 CALL | - | CAT 9 C | -700 | USD | -263,196 | - | Cash and Cash Equivalents |
| -0.03% | ABBVIE INC 18Oct2019 70 CALL | - | ABBV 10 | -900 | USD | -282,195 | - | Cash and Cash Equivalents |
| -0.03% | AT&T INC 11Oct2019 37 CALL | - | T 10 C3 | -4,250 | USD | -293,621 | - | Cash and Cash Equivalents |
| -0.04% | INTEL CORP 20Sep2019 50 CALL | - | INTC 9 | -1,600 | USD | -378,385 | - | Cash and Cash Equivalents |
| -0.05% | WELLS FARGO & CO 20Sep2019 47.5 CALL | - | WFC 9 C | -2,300 | USD | -458,367 | - | Cash and Cash Equivalents |
| -0.05% | ABBVIE INC 20Sep2019 67.5 CALL | - | ABBV 9 | -800 | USD | -425,152 | - | Cash and Cash Equivalents |
| -0.05% | PPL CORP 18Oct2019 31 CALL | - | PPL 10 | -4,200 | USD | -468,730 | - | Cash and Cash Equivalents |
| -0.06% | SYSCO CORP 20Sep2019 75 CALL | - | SYY 9 C | -1,000 | USD | -531,440 | - | Cash and Cash Equivalents |
| -0.06% | JPMORGAN CHASE & CO 27Sep2019 113 CALL | - | JPM 9 C | -700 | USD | -536,622 | - | Cash and Cash Equivalents |
| -0.08% | EATON CORP PLC 20Sep2019 80 CALL | - | ETN 9 C | -1,200 | USD | -717,444 | - | Cash and Cash Equivalents |
| -0.09% | BB&T CORP 20Sep2019 49 CALL | - | BBT 9 C | -1,700 | USD | -761,155 | - | Cash and Cash Equivalents |
| -0.16% | TARGET CORP 20Sep2019 95 CALL | - | TGT 9 C | -900 | USD | -1,381,080 | - | Cash and Cash Equivalents |
| 0.27% | CASH | - | - | 1 | CAD | 2,374,783 | - | Cash and Cash Equivalents |
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Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.
The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.