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Overview

Fund Profile

Key Facts

Fund Ticker ZWH
Net Assets (Mn)
(Jul 06, 2020)
$ 817.23
Base Currency CAD
Closing Market Price $ 18.17
12-Month Low/High (Market Price) $ 14.40 / $ 21.94
Closing NAV Price
(Jul 06, 2020)
$ 18.2023
12-Month Low/High (Price (NAV)) $ 14.7254 / $ 21.9222
Annualized Distribution Yield
(Jun 26, 2020)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

7.48%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.71%
Market Volume 137,073
Distribution Frequency Monthly
Options Available No
Inception Date Feb 10, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 44,897
Index -
Market Cap ($Bn)
(May 29, 2020)
7,151.31
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)
(Jul 06, 2020)
$ 817.23
Market Price $ 18.17
12-Month Low/High (Market Price) $ 14.40 / $ 21.94
Price (NAV) $ 18.2023
12-Month Low/High (Price (NAV)) $ 14.7254 / $ 21.9222
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jul 06, 2020)
1 Day Change 1 Day % Change
Market Price $ 18.17 $ 0.10 0.55%
Price (NAV) $ 18.2023 $ 0.1239 0.69%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jun 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -5.87% 0.57% 2.71% 6.45% - 9.18%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jun 30, 2020

YTD 2019 2018 2017 2016 2015 2014
NAV -12.85% 16.66% 0.75% 5.73% 10.22% 24.08% 18.32%
Index - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jun 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -12.85% -1.26% 10.85% -12.85% -5.87% 1.15% 8.35% 36.71% - 75.26%
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, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.110000 0.000000 0.110000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.110000 0.000000 0.110000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.110000 0.000000 0.110000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.110000 0.000000 0.110000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.110000 0.000000 0.110000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.110000 0.000000 0.110000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
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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 Jul 06, 2020

Stock

99.78%

Cash and Cash Equivalents

0.22%

Number of Holdings

85

Total Net Assets

$ 817,230,010.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.05% DOW INC US2605571031 DOW 623,081 USD 35,811,691 Materials Stock
3.98% AT&T INC US00206R1023 T 851,030 USD 35,132,166 Communication Services Stock
3.96% PPL CORP US69351T1060 PPL 998,494 USD 34,987,455 Utilities Stock
3.94% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 213,993 USD 34,823,349 Information Technology Stock
3.91% INTERNATIONAL PAPER CO US4601461035 IP 709,848 USD 34,541,887 Materials Stock
3.88% ABBVIE INC US00287Y1091 ABBV 255,814 USD 34,293,041 Health Care Stock
3.81% PFIZER INC US7170811035 PFE 719,424 USD 33,614,953 Health Care Stock
3.69% PRUDENTIAL FINANCIAL INC US7443201022 PRU 392,746 USD 32,602,110 Financials Stock
3.58% WELLS FARGO & CO US9497461015 WFC 916,074 USD 31,615,716 Financials Stock
3.54% METLIFE INC US59156R1086 MET 623,574 USD 31,314,643 Financials Stock
3.45% SOUTHERN CO/THE US8425871071 SO 427,644 USD 30,461,642 Utilities Stock
3.40% BROADCOM INC US11135F1012 AVGO 69,614 USD 30,047,193 Information Technology Stock
3.36% UNITED PARCEL SERVICE INC US9113121068 UPS 190,094 USD 29,691,100 Industrials Stock
3.28% VERIZON COMMUNICATIONS INC US92343V1044 VZ 387,127 USD 28,954,079 Communication Services Stock
2.95% TRUIST FINANCIAL CORP US89832Q1094 TFC 525,302 USD 26,095,126 Financials Stock
2.69% MERCK & CO INC US58933Y1055 MRK 220,557 USD 23,764,430 Health Care Stock
2.69% PUBLIC STORAGE US74460D1090 PSA 89,181 USD 23,730,332 Real Estate Stock
2.64% JPMORGAN CHASE & CO US46625H1005 JPM 181,556 USD 23,352,686 Financials Stock
2.53% QUALCOMM INC US7475251036 QCOM 177,970 USD 22,390,234 Information Technology Stock
2.52% EATON CORP PLC IE00B8KQN827 ETN 185,083 USD 22,272,717 Industrials Stock
2.48% CATERPILLAR INC US1491231015 CAT 125,168 USD 21,934,659 Industrials Stock
2.45% CISCO SYSTEMS INC US17275R1023 CSCO 343,986 USD 21,619,644 Information Technology Stock
2.43% SYSCO CORP US8718291078 SYY 295,400 USD 21,501,679 Consumer Staples Stock
2.38% MICROSOFT CORP US5949181045 MSFT 73,728 USD 21,032,922 Information Technology Stock
2.37% CVS HEALTH CORP US1266501006 CVS 238,154 USD 20,936,588 Health Care Stock
2.11% PROCTER & GAMBLE CO/THE US7427181091 PG 113,376 USD 18,670,866 Consumer Staples Stock
2.05% COMCAST CORP US20030N1019 CMCSA 331,116 USD 18,080,524 Communication Services Stock
2.04% TARGET CORP US87612E1064 TGT 111,625 USD 18,021,298 Consumer Discretionary Stock
2.01% HOME DEPOT INC/THE US4370761029 HD 52,536 USD 17,750,770 Consumer Discretionary Stock
2.00% MCDONALD'S CORP US5801351017 MCD 69,378 USD 17,706,624 Consumer Discretionary Stock
1.98% INTEL CORP US4581401001 INTC 217,143 USD 17,504,806 Information Technology Stock
1.96% VENTAS INC US92276F1003 VTR 342,614 USD 17,284,252 Real Estate Stock
1.94% CHEVRON CORP US1667641005 CVX 142,862 USD 17,131,918 Energy Stock
1.93% LOCKHEED MARTIN CORP US5398301094 LMT 34,816 USD 17,092,175 Industrials Stock
1.77% VALERO ENERGY CORP US91913Y1001 VLO 204,971 USD 15,671,582 Energy Stock
0.00% SYSCO CORP 17Jul2020 60 CALL - SYY 7 C60 -1,000 USD -40,618 - Cash and Cash Equivalents
0.00% SOUTHERN CO/THE 17Jul2020 60 CALL - SO 7 C60 -2,100 USD -5,687 - Cash and Cash Equivalents
0.00% METLIFE INC 17Jul2020 40 CALL - MET 7 C40 -1,300 USD -28,162 - Cash and Cash Equivalents
0.00% PFIZER INC 17Jul2020 41 CALL - PFE 7 C41 -1,500 USD -6,093 - Cash and Cash Equivalents
0.00% INTERNATIONAL BUSINESS MACHINE 02Jul2020 132 CALL - IBM 7 C132 -600 USD -812 - Cash and Cash Equivalents
0.00% PPL CORP 17Jul2020 28 CALL - PPL 7 C28 -2,500 USD -13,539 - Cash and Cash Equivalents
0.00% INTERNATIONAL PAPER CO 17Jul2020 40 CALL - IP 7 C40 -1,400 USD -11,373 - Cash and Cash Equivalents
0.00% WELLS FARGO & CO 17Jul2020 32.5 CALL - WFC 7 C32.5 -1,300 USD -7,041 - Cash and Cash Equivalents
0.00% PPL CORP 17Jul2020 32 CALL - PPL 7 C32 -2,000 USD -2,708 - Cash and Cash Equivalents
0.00% ABBVIE INC 17Jul2020 105 CALL - ABBV 7 C105 -1,300 USD -26,402 - Cash and Cash Equivalents
0.00% AT&T INC 24Jul2020 33.5 CALL - T 7 C33.5 -2,000 USD -18,955 - Cash and Cash Equivalents
0.00% CHEVRON CORP 17Jul2020 105 CALL - CVX 7 C105 -700 USD -1,896 - Cash and Cash Equivalents
0.00% CISCO SYSTEMS INC 17Jul2020 50 CALL - CSCO 7 C50 -1,600 USD -10,832 - Cash and Cash Equivalents
0.00% HOME DEPOT INC/THE 17Jul2020 270 CALL - HD 7 C270 -300 USD -4,874 - Cash and Cash Equivalents
0.00% INTERNATIONAL PAPER CO 17Jul2020 42.5 CALL - IP 7 C42.5 -440 USD -2,979 - Cash and Cash Equivalents
0.00% JPMORGAN CHASE & CO 17Jul2020 115 CALL - JPM 7 C115 -900 USD -12,186 - Cash and Cash Equivalents
0.00% PROCTER & GAMBLE CO/THE 17Jul2020 125 CALL - PG 7 C125 -600 USD -38,994 - Cash and Cash Equivalents
0.00% VENTAS INC 17Jul2020 50 CALL - VTR 7 C50 -1,000 USD -6,770 - Cash and Cash Equivalents
0.00% VERIZON COMMUNICATIONS INC 24Jul2020 60 CALL - VZ 7 C60 -1,800 USD -14,623 - Cash and Cash Equivalents
0.00% WELLS FARGO & CO 17Jul2020 35 CALL - WFC 7 C35 -2,000 USD -5,416 - Cash and Cash Equivalents
0.00% CATERPILLAR INC 17Jul2020 145 CALL - CAT 7 C145 -700 USD -9,478 - Cash and Cash Equivalents
0.00% EATON CORP PLC 17Jul2020 100 CALL - ETN 7 C100 -1,100 USD -7,447 - Cash and Cash Equivalents
0.00% METLIFE INC 17Jul2020 45 CALL - MET 7 C45 -1,100 USD -8,936 - Cash and Cash Equivalents
0.00% QUALCOMM INC 17Jul2020 100 CALL - QCOM 7 C100 -1,000 USD -33,849 - Cash and Cash Equivalents
0.00% TRUIST FINANCIAL CORP 17Jul2020 47.5 CALL - TFC 7 C47.5 -1,000 USD -6,770 - Cash and Cash Equivalents
0.00% CVS HEALTH CORP 17Jul2020 70.5 CALL - CVS 7 C70.5 -1,200 USD -11,373 - Cash and Cash Equivalents
0.00% DOW INC 31Jul2020 50 CALL - DOW 7 C50 -1,900 USD -28,298 - Cash and Cash Equivalents
0.00% INTEL CORP 17Jul2020 66 CALL - INTC 7 C66 -1,100 USD -5,957 - Cash and Cash Equivalents
0.00% INTERNATIONAL BUSINESS MACHINE 31Jul2020 139 CALL - IBM 7 C139 -500 USD -11,170 - Cash and Cash Equivalents
0.00% LOCKHEED MARTIN CORP 21Aug2020 410 CALL - LMT 8 C410 -170 USD -24,168 - Cash and Cash Equivalents
0.00% MCDONALD'S CORP 17Jul2020 205 CALL - MCD 7 C205 -300 USD -3,656 - Cash and Cash Equivalents
0.00% MERCK & CO INC 24Jul2020 84 CALL - MRK 7 C84 -1,100 USD -40,212 - Cash and Cash Equivalents
0.00% PRUDENTIAL FINANCIAL INC 17Jul2020 72.5 CALL - PRU 7 C72.5 -950 USD -14,149 - Cash and Cash Equivalents
0.00% TARGET CORP 31Jul2020 135 CALL - TGT 7 C135 -600 USD -8,936 - Cash and Cash Equivalents
0.00% VALERO ENERGY CORP 24Jul2020 78 CALL - VLO 7 C78 -1,000 USD -1,354 - Cash and Cash Equivalents
0.00% AT&T INC 31Jul2020 33 CALL - T 7 C33 -2,000 USD -37,911 - Cash and Cash Equivalents
0.00% WELLS FARGO & CO 31Jul2020 33 CALL - WFC 7 C33 -1,000 USD -9,478 - Cash and Cash Equivalents
-0.01% UNITED PARCEL SERVICE INC 17Jul2020 120 CALL - UPS 7 C120 -900 USD -82,862 - Cash and Cash Equivalents
-0.01% BROADCOM INC 31Jul2020 345 CALL - AVGO 7 C345 -300 USD -83,268 - Cash and Cash Equivalents
-0.01% COMCAST CORP 31Jul2020 44 CALL - CMCSA 7 C44 -1,600 USD -45,493 - Cash and Cash Equivalents
-0.01% INTERNATIONAL PAPER CO 31Jul2020 40 CALL - IP 7 C40 -1,700 USD -59,845 - Cash and Cash Equivalents
-0.01% PFIZER INC 21Aug2020 37 CALL - PFE 8 C37 -2,000 USD -129,979 - Cash and Cash Equivalents
-0.01% PRUDENTIAL FINANCIAL INC 21Aug2020 75 CALL - PRU 8 C75 -950 USD -51,450 - Cash and Cash Equivalents
-0.01% TRUIST FINANCIAL CORP 21Aug2020 50 CALL - TFC 8 C50 -1,600 USD -46,576 - Cash and Cash Equivalents
-0.01% VENTAS INC 21Aug2020 45 CALL - VTR 8 C45 -700 USD -66,344 - Cash and Cash Equivalents
-0.01% METLIFE INC 07Aug2020 41 CALL - MET 8 C41 -800 USD -55,241 - Cash and Cash Equivalents
-0.02% DOW INC 17Jul2020 42.5 CALL - DOW 7 C42.5 -1,200 USD -157,600 - Cash and Cash Equivalents
-0.02% PUBLIC STORAGE 21Aug2020 210 CALL - PSA 8 C210 -400 USD -162,474 - Cash and Cash Equivalents
-0.03% MICROSOFT CORP 24Jul2020 215 CALL - MSFT 7 C215 -500 USD -274,175 - Cash and Cash Equivalents
0.41% CASH - - 1 CAD 3,657,079 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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