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Overview

Fund Profile

Key Facts

Fund Ticker ZWH
Net Assets (Mn)
(Sep 18, 2019)
$ 749.80
Base Currency CAD
Closing Market Price $ 21.10
12-Month Low/High (Market Price) $ 18.51 / $ 21.34
Closing NAV Price
(Sep 18, 2019)
$ 21.1228
12-Month Low/High (Price (NAV)) $ 18.4695 / $ 21.3438
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.

6.24%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.71%
Market Volume 359,930
Distribution Frequency Monthly
Options Available No
Inception Date Feb 10, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 35,497
Index -
Market Cap ($Bn)
(Aug 30, 2019)
6,883.47
Exchange TSX
CUSIP 05579F106
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO US High Dividend Covered Call ETF 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 rebalanced 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.

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
  • Professionally managed by BMO Global Asset Management

Risk Rating

  • Low
  • Low to Medium
  • Medium
  • Medium to High
  • High

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Sep 18, 2019)
$ 749.80
Market Price $ 21.10
12-Month Low/High (Market Price) $ 18.51 / $ 21.34
Price (NAV) $ 21.1228
12-Month Low/High (Price (NAV)) $ 18.4695 / $ 21.3438
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 21.10 $ 0.02 0.09%
Price (NAV) $ 21.1228 $ 0.0603 0.29%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.51% 8.39% 6.92% 11.11% - 11.91%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014
NAV 8.36% 0.75% 5.73% 10.22% 24.08% 18.32%
Index - - - - - -
Cumulative Performance

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 8.36% -1.30% 3.67% 3.51% 2.51% 17.47% 22.24% 69.30% - 86.78%
Index - - - - - - - - - -

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Tax & Distributions

Distribution History

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.

Download Distribution History (Excel)
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 0.100000 0.000000 0.100000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.100000 0.000000 0.100000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.100000 0.000000 0.100000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.100000 0.000000 0.100000
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 - - -
Download Distribution Tax (Excel)
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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Holdings & Allocations

Daily Holdings

As of Sep 18, 2019

Stock

100.64%

Cash and Cash Equivalents

-0.64%

Number of Holdings

69

Total Net Assets

$ 749,797,451.00


Download Holdings (Excel)
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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

Holdings Breakdown

Sector Allocation

Geographic Allocation

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