Overview
Price & Performance
Tax & Distributions
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(Excel)
Holdings & Allocations
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Fund Profile
Key Facts
| Fund Ticker | ZWK |
|---|---|
| Net Assets (Mn) (Sep 18, 2019) |
$ 18.38 |
| Base Currency | CAD |
| Closing Market Price | $ 30.58 |
| 12-Month Low/High (Market Price) | $ 27.30 / $ 31.54 |
| Closing NAV Price (Sep 18, 2019) |
$ 30.6358 |
| 12-Month Low/High (Price (NAV)) | $ 27.2783 / $ 31.4340 |
| 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. |
6.09% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.73% Estimate only. Audited MER is unavailable since the ETF has not yet completed a financial year. |
| Market Volume | 3,225 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Feb 15, 2019 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 600 |
| Index | - |
| Market Cap ($Bn) (Aug 30, 2019) |
1,652.93 |
| Exchange | Toronto Stock Exchange |
| CUSIP | 05586H103 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call U.S. Banks ETF has been designed to provide exposure to a portfolio of U.S. banks while earning call option premiums. The Fund invests in securities of U.S. banks in addition to writing covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of U.S. banks
- Call option writing reduces volatility
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Growth of 10,000
Performance Details
| Fund Total Assets ($Mn) (Sep 18, 2019) |
$ 18.38 |
|---|---|
| Market Price | $ 30.58 |
| 12-Month Low/High (Market Price) | $ 27.30 / $ 31.54 |
| Price (NAV) | $ 30.6358 |
| 12-Month Low/High (Price (NAV)) | $ 27.2783 / $ 31.4340 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Sep 18, 2019) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 30.58 | $ 0.19 | 0.63% |
| Price (NAV) | $ 30.6358 | $ 0.2657 | 0.87% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: -
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | - | - | - | - | - | - |
| Index | - | - | - | - | - | - |
| - |
Calendar Year Performance (%) for period ending: -
| YTD | |
|---|---|
| NAV | - |
| Index | - |
| - |
Cumulative Performance (%) for period ending: -
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | - | - | - | - | - | - | - | - | - | - |
| Index | - | - | - | - | - | - | - | - | - | - |
| - |
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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 |
|---|---|---|---|---|---|---|
| Feb, 2019 | Feb 26, 2019 | Feb 27, 2019 | Mar 04, 2019 | 0.130000 | 0.000000 | 0.130000 |
| Mar, 2019 | Mar 27, 2019 | Mar 28, 2019 | Apr 02, 2019 | 0.145000 | 0.000000 | 0.145000 |
| Apr, 2019 | Apr 26, 2019 | Apr 29, 2019 | May 02, 2019 | 0.145000 | 0.000000 | 0.145000 |
| May, 2019 | May 29, 2019 | May 30, 2019 | Jun 04, 2019 | 0.155000 | 0.000000 | 0.155000 |
| Jun, 2019 | Jun 26, 2019 | Jun 27, 2019 | Jul 03, 2019 | 0.155000 | 0.000000 | 0.155000 |
| Jul, 2019 | Jul 29, 2019 | Jul 30, 2019 | Aug 02, 2019 | 0.155000 | 0.000000 | 0.155000 |
| Aug, 2019 | Aug 28, 2019 | Aug 29, 2019 | Sep 04, 2019 | 0.155000 | 0.000000 | 0.155000 |
| 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 | 1.040000 | 0.000000 | 1.040000 |
| 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
101.17%
Cash and Cash Equivalents
-1.17%
Number of Holdings
31
Total Net Assets
$ 18,381,535.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 7.55% | JPMORGAN CHASE & CO | US46625H1005 | JPM | 8,718 | USD | 1,387,148 | Financials | Stock |
| 7.45% | AMERIPRISE FINANCIAL INC | US03076C1062 | AMP | 6,990 | USD | 1,370,191 | Financials | Stock |
| 7.42% | PNC FINANCIAL SERVICES GROUP INC/THE | US6934751057 | PNC | 7,271 | USD | 1,364,027 | Financials | Stock |
| 7.23% | CITIGROUP INC | US1729674242 | C | 14,279 | USD | 1,329,683 | Financials | Stock |
| 7.07% | US BANCORP | US9029733048 | USB | 17,504 | USD | 1,300,233 | Financials | Stock |
| 6.86% | KEYCORP | US4932671088 | KEY | 52,103 | USD | 1,260,570 | Financials | Stock |
| 6.84% | REGIONS FINANCIAL CORP | US7591EP1005 | RF | 57,859 | USD | 1,256,848 | Financials | Stock |
| 6.80% | HUNTINGTON BANCSHARES INC/OH | US4461501045 | HBAN | 64,506 | USD | 1,250,402 | Financials | Stock |
| 6.79% | BANK OF AMERICA CORP | US0605051046 | BAC | 31,334 | USD | 1,248,911 | Financials | Stock |
| 6.78% | FIFTH THIRD BANCORP | US3167731005 | FITB | 33,176 | USD | 1,246,956 | Financials | Stock |
| 6.77% | BB&T CORP | US0549371070 | BBT | 17,646 | USD | 1,245,136 | Financials | Stock |
| 6.49% | WELLS FARGO & CO | US9497461015 | WFC | 18,353 | USD | 1,193,099 | Financials | Stock |
| 6.08% | M&T BANK CORP | US55261F1049 | MTB | 5,280 | USD | 1,118,473 | Financials | Stock |
| 5.87% | ZIONS BANCORP NA | US9897011071 | ZION | 18,001 | USD | 1,078,139 | Financials | Stock |
| 5.15% | COMERICA INC | US2003401070 | CMA | 10,644 | USD | 946,357 | Financials | Stock |
| 0.00% | AMERIPRISE FINANCIAL INC 20Sep2019 160 CALL | - | AMP 9 C | -32 | USD | -340 | - | Cash and Cash Equivalents |
| 0.00% | WELLS FARGO & CO 20Sep2019 50 CALL | - | WFC 9 C | -85 | USD | -452 | - | Cash and Cash Equivalents |
| -0.05% | FIFTH THIRD BANCORP 20Sep2019 28 CALL | - | FITB 9 | -152 | USD | -8,280 | - | Cash and Cash Equivalents |
| -0.07% | COMERICA INC 20Sep2019 65 CALL | - | CMA 9 C | -49 | USD | -13,769 | - | Cash and Cash Equivalents |
| -0.07% | M&T BANK CORP 20Sep2019 155 CALL | - | MTB 9 C | -24 | USD | -12,659 | - | Cash and Cash Equivalents |
| -0.07% | CITIGROUP INC 20Sep2019 69 CALL | - | C 9 C69 | -65 | USD | -12,522 | - | Cash and Cash Equivalents |
| -0.08% | US BANCORP 13Sep2019 54.5 CALL | - | USB 9 C | -80 | USD | -14,987 | - | Cash and Cash Equivalents |
| -0.11% | BANK OF AMERICA CORP 04Oct2019 29.5 CALL | - | BAC 10 | -144 | USD | -19,323 | - | Cash and Cash Equivalents |
| -0.13% | PNC FINANCIAL SERVICES GROUP I 20Sep2019 135 CALL | - | PNC 9 C | -33 | USD | -24,333 | - | Cash and Cash Equivalents |
| -0.14% | ZIONS BANCORP NA 20Sep2019 43 CALL | - | ZION 9 | -83 | USD | -26,466 | - | Cash and Cash Equivalents |
| -0.14% | JPMORGAN CHASE & CO 27Sep2019 115 CALL | - | JPM 9 C | -40 | USD | -24,978 | - | Cash and Cash Equivalents |
| -0.15% | KEYCORP 27Sep2019 17.5 CALL | - | KEY 9 C | -240 | USD | -27,103 | - | Cash and Cash Equivalents |
| -0.19% | HUNTINGTON BANCSHARES INC/OH 18Oct2019 14 CALL | - | HBAN 10 | -300 | USD | -34,676 | - | Cash and Cash Equivalents |
| -0.20% | BB&T CORP 20Sep2019 49 CALL | - | BBT 9 C | -81 | USD | -36,267 | - | Cash and Cash Equivalents |
| -0.23% | REGIONS FINANCIAL CORP 20Sep2019 15 CALL | - | RF 9 C1 | -262 | USD | -42,467 | - | Cash and Cash Equivalents |
| 0.46% | CASH | - | - | 1 | CAD | 83,981 | - | 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.