Fund Profile
Key Facts
| Fund Ticker | ZWK |
|---|---|
|
Net Assets (Mn) (May 12, 2021) |
$ 160.48 |
| Base Currency | CAD |
| Closing Market Price | $ 30.38 |
| 12-Month Low/High (Market Price) | $ 18.93 / $ 31.30 |
|
Closing NAV Price (May 12, 2021) |
$ 30.2785 |
| 12-Month Low/High (Price (NAV)) | $ 18.8823 / $ 31.2625 |
|
Annualized Distribution Yield (Apr 30, 2021) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
7.07% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio |
0.71% Estimate only. Audited MER is unavailable since the ETF has not yet completed a financial year. Footnote |
| Market Volume | 404,425 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Feb 15, 2019 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 5,300 |
| Index | - |
|
Market Cap ($Bn) (Apr 30, 2021) |
2,207.93 |
| Exchange | Toronto Stock Exchange |
| CUSIP | 05586H103 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call U.S. Banks ETF has been designed to provide exposure to a portfolio of U.S. banks while earning call option premiums. The Fund invests in securities of U.S. banks in addition to writing covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of U.S. banks
- Call option writing reduces volatility
- Professionally managed by BMO Global Asset Management
Risk Rating
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Performance Chart
Performance Details
| Fund Total Assets ($Mn) (May 12, 2021) |
$ 160.48 |
|---|---|
| Market Price | $ 30.38 |
| 12-Month Low/High (Market Price) | $ 18.93 / $ 31.30 |
| Price (NAV) | $ 30.2785 |
| 12-Month Low/High (Price (NAV)) | $ 18.8823 / $ 31.2625 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (May 12, 2021) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 30.38 | $ -0.39 | -1.27% |
| Price (NAV) | $ 30.2785 | $ -0.4810 | -1.56% |
Performance
Annualized Performance (%) for period ending: Apr 30, 2021
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 54.43% | 7.16% | - | - | - | 8.49% |
| Index | - | - | - | - | - | - |
| Apr 30, 2021 |
Calendar Year Performance (%) for period ending: Apr 30, 2021
| YTD | 2020 | 2019 | |
|---|---|---|---|
| NAV | 23.55% | -13.81% | 12.40% |
| Index | - | - | - |
| Apr 30, 2021 |
Cumulative Performance (%) for period ending: Apr 30, 2021
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 23.55% | 4.19% | 23.94% | 47.83% | 54.43% | 14.83% | - | - | - | 19.69% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Apr 30, 2021 |
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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.
| Distribution Period Future distribution dates may change without any prior notice. Footnote | 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. Footnote | Total Distribution Per Unit |
|---|---|---|---|---|---|---|
| Jan, 2021 | Jan 27, 2021 | Jan 28, 2021 | Feb 02, 2021 | 0.180000 | 0.000000 | 0.180000 |
| Feb, 2021 | Feb 24, 2021 | Feb 25, 2021 | Mar 02, 2021 | 0.180000 | 0.000000 | 0.180000 |
| Mar, 2021 | Mar 29, 2021 | Mar 30, 2021 | Apr 05, 2021 | 0.180000 | 0.000000 | 0.180000 |
| Apr, 2021 | Apr 28, 2021 | Apr 29, 2021 | May 04, 2021 | 0.180000 | 0.000000 | 0.180000 |
| May, 2021 | May 26, 2021 | May 27, 2021 | Jun 02, 2021 | - | - | - |
| Jun, 2021 | Jun 28, 2021 | Jun 29, 2021 | Jul 06, 2021 | - | - | - |
| Jul, 2021 | Jul 28, 2021 | Jul 29, 2021 | Aug 04, 2021 | - | - | - |
| Aug, 2021 | Aug 27, 2021 | Aug 30, 2021 | Sep 02, 2021 | - | - | - |
| Sep, 2021 | Sep 28, 2021 | Sep 29, 2021 | Oct 04, 2021 | - | - | - |
| Oct, 2021 | Oct 27, 2021 | Oct 28, 2021 | Nov 02, 2021 | - | - | - |
| Nov, 2021 | Nov 26, 2021 | Nov 29, 2021 | Dec 02, 2021 | - | - | - |
| Dec, 2021 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | - | - | - |
| Year to Date | 0.720000 | 0.000000 | 0.720000 |
| 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. Footnote |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - |
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Daily Holdings
As of May 12, 2021
100.78%
-0.78%
40
$ 160,476,080.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 5.57% | WELLS FARGO & CO | US9497461015 | WFC | 161,529 | USD | 8,940,247 | Financials | Stock |
| 5.56% | KEYCORP | US4932671088 | KEY | 329,964 | USD | 8,915,283 | Financials | Stock |
| 5.54% | FIRST REPUBLIC BANK/CA | US33616C1009 | FRC | 40,037 | USD | 8,886,632 | Financials | Stock |
| 5.47% | PNC FINANCIAL SERVICES GROUP INC/THE | US6934751057 | PNC | 38,011 | USD | 8,777,128 | Financials | Stock |
| 5.47% | US BANCORP | US9029733048 | USB | 121,498 | USD | 8,775,608 | Financials | Stock |
| 5.46% | CITIZENS FINANCIAL GROUP INC | US1746101054 | CFG | 150,660 | USD | 8,769,858 | Financials | Stock |
| 5.46% | AMERIPRISE FINANCIAL INC | US03076C1062 | AMP | 28,809 | USD | 8,763,515 | Financials | Stock |
| 5.42% | FIFTH THIRD BANCORP | US3167731005 | FITB | 175,260 | USD | 8,701,298 | Financials | Stock |
| 5.35% | BANK OF AMERICA CORP | US0605051046 | BAC | 171,971 | USD | 8,588,057 | Financials | Stock |
| 5.27% | REGIONS FINANCIAL CORP | US7591EP1005 | RF | 318,584 | USD | 8,457,132 | Financials | Stock |
| 5.26% | GOLDMAN SACHS GROUP INC/THE | US38141G1040 | GS | 19,648 | USD | 8,444,335 | Financials | Stock |
| 5.26% | M&T BANK CORP | US55261F1049 | MTB | 43,999 | USD | 8,436,902 | Financials | Stock |
| 5.22% | SIGNATURE BANK/NEW YORK NY | US82669G1040 | SBNY | 28,606 | USD | 8,377,061 | Financials | Stock |
| 5.20% | SVB FINANCIAL GROUP | US78486Q1013 | SIVB | 12,582 | USD | 8,350,350 | Financials | Stock |
| 5.17% | TRUIST FINANCIAL CORP | US89832Q1094 | TFC | 114,702 | USD | 8,291,698 | Financials | Stock |
| 5.16% | JPMORGAN CHASE & CO | US46625H1005 | JPM | 43,366 | USD | 8,280,287 | Financials | Stock |
| 5.14% | CITIGROUP INC | US1729674242 | C | 91,636 | USD | 8,248,956 | Financials | Stock |
| 5.02% | BMO EQUAL WEIGHT US BANKS INDEX ETF | CA05590V1067 | ZBK | 249,212 | CAD | 8,061,642 | - | Stock |
| 4.77% | HUNTINGTON BANCSHARES INC/OH | US4461501045 | HBAN | 415,092 | USD | 7,661,475 | Financials | Stock |
| 0.00% | AMERIPRISE FINANCIAL INC 21May2021 270 CALL | - | AMP 5 C270 | -140 | USD | -5,093 | - | Cash and Cash Equivalents |
| 0.00% | HUNTINGTON BANCSHARES INC/OH 15Oct2021 18 CALL | - | HBAN 10 C18 | -170 | USD | -5,669 | - | Cash and Cash Equivalents |
| -0.01% | HUNTINGTON BANCSHARES INC/OH 21May2021 17 CALL | - | HBAN 5 C17 | -1,910 | USD | -11,581 | - | Cash and Cash Equivalents |
| -0.01% | GOLDMAN SACHS GROUP INC/THE 14May2021 365 CALL | - | GS 5 C365 | -100 | USD | -12,370 | - | Cash and Cash Equivalents |
| -0.02% | REGIONS FINANCIAL CORP 21May2021 23 CALL | - | RF 5 C23 | -1,590 | USD | -28,923 | - | Cash and Cash Equivalents |
| -0.02% | BMO EQUAL WEIGHT US BANKS INDE 21May2021 34 CALL | - | ZBK 5 C34 | -1,150 | CAD | -29,325 | - | Cash and Cash Equivalents |
| -0.02% | SIGNATURE BANK/NEW YORK NY 21May2021 260 CALL | - | SBNY 5 C260 | -140 | USD | -33,956 | - | Cash and Cash Equivalents |
| -0.03% | WELLS FARGO & CO 21May2021 47.5 CALL | - | WFC 5 C47.5 | -860 | USD | -41,717 | - | Cash and Cash Equivalents |
| -0.03% | JPMORGAN CHASE & CO 21May2021 160 CALL | - | JPM 5 C160 | -220 | USD | -49,357 | - | Cash and Cash Equivalents |
| -0.03% | US BANCORP 04Jun2021 63 CALL | - | USB 6 C63 | -630 | USD | -49,660 | - | Cash and Cash Equivalents |
| -0.03% | CITIGROUP INC 21May2021 76 CALL | - | C 5 C76 | -470 | USD | -52,437 | - | Cash and Cash Equivalents |
| -0.03% | FIFTH THIRD BANCORP 21May2021 42 CALL | - | FITB 5 C42 | -880 | USD | -53,359 | - | Cash and Cash Equivalents |
| -0.03% | BANK OF AMERICA CORP 21May2021 42 CALL | - | BAC 5 C42 | -880 | USD | -55,493 | - | Cash and Cash Equivalents |
| -0.04% | TRUIST FINANCIAL CORP 21May2021 60 CALL | - | TFC 5 C60 | -590 | USD | -62,248 | - | Cash and Cash Equivalents |
| -0.05% | M&T BANK CORP 21May2021 160 CALL | - | MTB 5 C160 | -220 | USD | -78,704 | - | Cash and Cash Equivalents |
| -0.07% | FIRST REPUBLIC BANK/CA 21May2021 185 CALL | - | FRC 5 C185 | -200 | USD | -116,662 | - | Cash and Cash Equivalents |
| -0.08% | PNC FINANCIAL SERVICES GROUP I 21May2021 190 CALL | - | PNC 5 C190 | -190 | USD | -122,119 | - | Cash and Cash Equivalents |
| -0.08% | SVB FINANCIAL GROUP 21May2021 560 CALL | - | SIVB 5 C560 | -70 | USD | -124,447 | - | Cash and Cash Equivalents |
| -0.09% | KEYCORP 21May2021 22 CALL | - | KEY 5 C22 | -1,680 | USD | -142,614 | - | Cash and Cash Equivalents |
| -0.09% | CITIZENS FINANCIAL GROUP INC 21May2021 47.5 CALL | - | CFG 5 C47.5 | -770 | USD | -146,603 | - | Cash and Cash Equivalents |
| -0.02% | CASH | - | - | 1 | CAD | -29,023 | - | Cash and Cash Equivalents |
Past performance data for ETFs with less than one year of history may not be disclosed for any period until the fund has exceeded one year of history.