Overview
Price & Performance
Tax & Distributions
BMO CMS
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Holdings & Allocations
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Fund Profile
Key Facts
| Fund Ticker | ZWK |
|---|---|
| Net Assets (Mn) (Nov 30, 2020) |
$ 79.16 |
| Base Currency | CAD |
| Closing Market Price | $ 24.03 |
| 12-Month Low/High (Market Price) | $ 17.23 / $ 33.11 |
| Closing NAV Price (Nov 30, 2020) |
$ 23.9877 |
| 12-Month Low/High (Price (NAV)) | $ 17.1512 / $ 33.0180 |
| Annualized Distribution Yield (Nov 20, 2020) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
9.03% |
| 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. |
| Market Volume | 114,421 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Feb 15, 2019 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 3,300 |
| Index | - |
| Market Cap ($Bn) (Oct 30, 2020) |
1,393.14 |
| Exchange | Toronto Stock Exchange |
| CUSIP | 05586H103 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call U.S. Banks ETF has been designed to provide exposure to a portfolio of U.S. banks while earning call option premiums. The Fund invests in securities of U.S. banks in addition to writing covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of U.S. banks
- Call option writing reduces volatility
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Growth of 10,000
Performance Details
| Fund Total Assets ($Mn) (Nov 30, 2020) |
$ 79.16 |
|---|---|
| Market Price | $ 24.03 |
| 12-Month Low/High (Market Price) | $ 17.23 / $ 33.11 |
| Price (NAV) | $ 23.9877 |
| 12-Month Low/High (Price (NAV)) | $ 17.1512 / $ 33.0180 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Nov 30, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 24.03 | $ -0.69 | -2.79% |
| Price (NAV) | $ 23.9877 | $ -0.6336 | -2.57% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Oct 30, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | -23.46% | - | - | - | - | -11.63% |
| Index | - | - | - | - | - | - |
| Oct 30, 2020 |
Calendar Year Performance (%) for period ending: Oct 30, 2020
| YTD | 2019 | |
|---|---|---|
| NAV | -27.96% | 12.40% |
| Index | - | - |
| Oct 30, 2020 |
Cumulative Performance (%) for period ending: Oct 30, 2020
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -27.96% | 6.76% | 6.75% | 4.47% | -23.46% | - | - | - | - | -19.03% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Oct 30, 2020 |
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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. | 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 | 0.180000 | 0.000000 | 0.180000 |
| Feb, 2020 | Feb 26, 2020 | Feb 27, 2020 | Mar 03, 2020 | 0.160000 | 0.000000 | 0.160000 |
| Mar, 2020 | Mar 27, 2020 | Mar 30, 2020 | Apr 02, 2020 | 0.180000 | 0.000000 | 0.180000 |
| Apr, 2020 | Apr 28, 2020 | Apr 29, 2020 | May 04, 2020 | 0.180000 | 0.000000 | 0.180000 |
| May, 2020 | May 27, 2020 | May 28, 2020 | Jun 02, 2020 | 0.180000 | 0.000000 | 0.180000 |
| Jun, 2020 | Jun 26, 2020 | Jun 29, 2020 | Jul 06, 2020 | 0.180000 | 0.000000 | 0.180000 |
| Jul, 2020 | Jul 29, 2020 | Jul 30, 2020 | Aug 05, 2020 | 0.180000 | 0.000000 | 0.180000 |
| Aug, 2020 | Aug 27, 2020 | Aug 28, 2020 | Sep 02, 2020 | 0.180000 | 0.000000 | 0.180000 |
| Sep, 2020 | Sep 28, 2020 | Sep 29, 2020 | Oct 02, 2020 | 0.180000 | 0.000000 | 0.180000 |
| Oct, 2020 | Oct 28, 2020 | Oct 29, 2020 | Nov 03, 2020 | 0.180000 | 0.000000 | 0.180000 |
| Nov, 2020 | Nov 27, 2020 | Nov 30, 2020 | Dec 03, 2020 | 0.180000 | 0.000000 | 0.180000 |
| Dec, 2020 | Dec 29, 2020 | Dec 30, 2020 | Jan 05, 2021 | - | - | - |
| Year to Date | 1.960000 | 0.000000 | 1.960000 |
| 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 Nov 30, 2020
Stock
101.51%
Cash and Cash Equivalents
-1.51%
Number of Holdings
66
Total Net Assets
$ 79,159,467.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 7.70% | AMERIPRISE FINANCIAL INC | US03076C1062 | AMP | 25,345 | USD | 6,097,277 | Financials | Stock |
| 7.54% | SVB FINANCIAL GROUP | US78486Q1013 | SIVB | 13,330 | USD | 5,970,103 | Financials | Stock |
| 7.10% | KEYCORP | US4932671088 | KEY | 280,034 | USD | 5,622,495 | Financials | Stock |
| 7.08% | FIFTH THIRD BANCORP | US3167731005 | FITB | 170,414 | USD | 5,608,164 | Financials | Stock |
| 6.95% | REGIONS FINANCIAL CORP | US7591EP1005 | RF | 277,561 | USD | 5,504,354 | Financials | Stock |
| 6.89% | TRUIST FINANCIAL CORP | US89832Q1094 | TFC | 90,532 | USD | 5,457,781 | Financials | Stock |
| 6.82% | PNC FINANCIAL SERVICES GROUP INC/THE | US6934751057 | PNC | 30,096 | USD | 5,396,559 | Financials | Stock |
| 6.29% | CITIGROUP INC | US1729674242 | C | 69,664 | USD | 4,982,328 | Financials | Stock |
| 6.25% | JPMORGAN CHASE & CO | US46625H1005 | JPM | 32,341 | USD | 4,951,108 | Financials | Stock |
| 5.91% | US BANCORP | US9029733048 | USB | 83,356 | USD | 4,677,674 | Financials | Stock |
| 5.89% | BANK OF AMERICA CORP | US0605051046 | BAC | 127,485 | USD | 4,662,304 | Financials | Stock |
| 5.78% | CITIZENS FINANCIAL GROUP INC | US1746101054 | CFG | 107,814 | USD | 4,572,989 | Financials | Stock |
| 5.53% | FIRST REPUBLIC BANK/CA | US33616C1009 | FRC | 26,035 | USD | 4,380,638 | Financials | Stock |
| 5.50% | GOLDMAN SACHS GROUP INC/THE | US38141G1040 | GS | 14,551 | USD | 4,357,359 | Financials | Stock |
| 5.38% | M&T BANK CORP | US55261F1049 | MTB | 28,150 | USD | 4,258,689 | Financials | Stock |
| 4.87% | WELLS FARGO & CO | US9497461015 | WFC | 108,600 | USD | 3,857,412 | Financials | Stock |
| 0.00% | BANK OF AMERICA CORP 04Dec2020 27.5 CALL | - | BAC 12 C27.5 | -19 | USD | -1,851 | - | Cash and Cash Equivalents |
| 0.00% | FIFTH THIRD BANCORP 18Dec2020 28 CALL | - | FITB 12 C28 | -106 | USD | -2,753 | - | Cash and Cash Equivalents |
| 0.00% | JPMORGAN CHASE & CO 11Dec2020 115 CALL | - | JPM 12 C115 | -5 | USD | -2,890 | - | Cash and Cash Equivalents |
| 0.00% | M&T BANK CORP 18Dec2020 125 CALL | - | MTB 12 C125 | -5 | USD | -828 | - | Cash and Cash Equivalents |
| 0.00% | US BANCORP 27Nov2020 45 CALL | - | USB 11 C45 | -13 | USD | -17 | - | Cash and Cash Equivalents |
| 0.00% | FIFTH THIRD BANCORP 18Dec2020 27 CALL | - | FITB 12 C27 | -26 | USD | -1,249 | - | Cash and Cash Equivalents |
| 0.00% | FIRST REPUBLIC BANK/CA 18Dec2020 140 CALL | - | FRC 12 C140 | -24 | USD | -1,184 | - | Cash and Cash Equivalents |
| 0.00% | M&T BANK CORP 18Dec2020 120 CALL | - | MTB 12 C120 | -5 | USD | -2,078 | - | Cash and Cash Equivalents |
| 0.00% | REGIONS FINANCIAL CORP 18Dec2020 15 CALL | - | RF 12 C15 | -43 | USD | -3,351 | - | Cash and Cash Equivalents |
| 0.00% | TRUIST FINANCIAL CORP 18Dec2020 47.5 CALL | - | TFC 12 C47.5 | -12 | USD | -1,948 | - | Cash and Cash Equivalents |
| 0.00% | AMERIPRISE FINANCIAL INC 18Dec2020 195 CALL | - | AMP 12 C195 | -4 | USD | -805 | - | Cash and Cash Equivalents |
| 0.00% | FIFTH THIRD BANCORP 18Dec2020 29 CALL | - | FITB 12 C29 | -25 | USD | -244 | - | Cash and Cash Equivalents |
| 0.00% | REGIONS FINANCIAL CORP 18Dec2020 17 CALL | - | RF 12 C17 | -204 | USD | -2,649 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF AMERICA CORP 18Dec2020 29 CALL | - | BAC 12 C29 | -60 | USD | -3,117 | - | Cash and Cash Equivalents |
| 0.00% | CITIGROUP INC 18Dec2020 57.5 CALL | - | C 12 C57.5 | -30 | USD | -3,662 | - | Cash and Cash Equivalents |
| 0.00% | GOLDMAN SACHS GROUP INC/THE 18Dec2020 240 CALL | - | GS 12 C240 | -10 | USD | -2,805 | - | Cash and Cash Equivalents |
| 0.00% | JPMORGAN CHASE & CO 18Dec2020 125 CALL | - | JPM 12 C125 | -20 | USD | -2,364 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF AMERICA CORP 24Dec2020 31 CALL | - | BAC 12 C31 | -40 | USD | -779 | - | Cash and Cash Equivalents |
| 0.00% | CITIGROUP INC 24Dec2020 60 CALL | - | C 12 C60 | -30 | USD | -2,883 | - | Cash and Cash Equivalents |
| 0.00% | FIRST REPUBLIC BANK/CA 18Dec2020 145 CALL | - | FRC 12 C145 | -100 | USD | -1,948 | - | Cash and Cash Equivalents |
| 0.00% | KEYCORP 24Dec2020 18 CALL | - | KEY 12 C18 | -140 | USD | -1,818 | - | Cash and Cash Equivalents |
| 0.00% | US BANCORP 24Dec2020 48.5 CALL | - | USB 12 C48.5 | -40 | USD | -987 | - | Cash and Cash Equivalents |
| 0.00% | WELLS FARGO & CO 24Dec2020 32.5 CALL | - | WFC 12 C32.5 | -160 | USD | -2,701 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF AMERICA CORP 18Dec2020 31 CALL | - | BAC 12 C31 | -40 | USD | -519 | - | Cash and Cash Equivalents |
| 0.00% | CITIGROUP INC 18Dec2020 60 CALL | - | C 12 C60 | -30 | USD | -1,909 | - | Cash and Cash Equivalents |
| 0.00% | KEYCORP 18Dec2020 18 CALL | - | KEY 12 C18 | -140 | USD | -909 | - | Cash and Cash Equivalents |
| 0.00% | US BANCORP 18Dec2020 48.5 CALL | - | USB 12 C48.5 | -40 | USD | -468 | - | Cash and Cash Equivalents |
| 0.00% | WELLS FARGO & CO 18Dec2020 32.5 CALL | - | WFC 12 C32.5 | -160 | USD | -2,078 | - | Cash and Cash Equivalents |
| -0.01% | PNC FINANCIAL SERVICES GROUP I 11Dec2020 130 CALL | - | PNC 12 C130 | -5 | USD | -5,617 | - | Cash and Cash Equivalents |
| -0.01% | SVB FINANCIAL GROUP 18Dec2020 340 CALL | - | SIVB 12 C340 | -4 | USD | -7,169 | - | Cash and Cash Equivalents |
| -0.01% | CITIZENS FINANCIAL GROUP INC 18Dec2020 37.5 CALL | - | CFG 12 C37.5 | -523 | USD | -11,547 | - | Cash and Cash Equivalents |
| -0.01% | JPMORGAN CHASE & CO 11Dec2020 124 CALL | - | JPM 12 C124 | -127 | USD | -9,896 | - | Cash and Cash Equivalents |
| -0.01% | KEYCORP 18Dec2020 17 CALL | - | KEY 12 C17 | -213 | USD | -5,532 | - | Cash and Cash Equivalents |
| -0.01% | TRUIST FINANCIAL CORP 18Dec2020 52.5 CALL | - | TFC 12 C52.5 | -429 | USD | -8,357 | - | Cash and Cash Equivalents |
| -0.01% | US BANCORP 18Dec2020 47.5 CALL | - | USB 12 C47.5 | -368 | USD | -7,169 | - | Cash and Cash Equivalents |
| -0.01% | M&T BANK CORP 18Dec2020 135 CALL | - | MTB 12 C135 | -130 | USD | -5,909 | - | Cash and Cash Equivalents |
| -0.01% | FIFTH THIRD BANCORP 18Dec2020 30 CALL | - | FITB 12 C30 | -680 | USD | -4,416 | - | Cash and Cash Equivalents |
| -0.02% | BANK OF AMERICA CORP 18Dec2020 30 CALL | - | BAC 12 C30 | -503 | USD | -12,412 | - | Cash and Cash Equivalents |
| -0.02% | CITIGROUP INC 18Dec2020 55 CALL | - | C 12 C55 | -53 | USD | -12,803 | - | Cash and Cash Equivalents |
| -0.02% | AMERIPRISE FINANCIAL INC 18Dec2020 200 CALL | - | AMP 12 C200 | -120 | USD | -13,247 | - | Cash and Cash Equivalents |
| -0.02% | PNC FINANCIAL SERVICES GROUP I 18Dec2020 140 CALL | - | PNC 12 C140 | -40 | USD | -16,623 | - | Cash and Cash Equivalents |
| -0.02% | SVB FINANCIAL GROUP 18Dec2020 390 CALL | - | SIVB 12 C390 | -60 | USD | -14,221 | - | Cash and Cash Equivalents |
| -0.03% | WELLS FARGO & CO 18Dec2020 25 CALL | - | WFC 12 C25 | -65 | USD | -21,695 | - | Cash and Cash Equivalents |
| -0.04% | PNC FINANCIAL SERVICES GROUP I 11Dec2020 140 CALL | - | PNC 12 C140 | -90 | USD | -32,143 | - | Cash and Cash Equivalents |
| -0.05% | KEYCORP 11Dec2020 16 CALL | - | KEY 12 C16 | -1,020 | USD | -42,390 | - | Cash and Cash Equivalents |
| -0.05% | PNC FINANCIAL SERVICES GROUP I 11Dec2020 131 CALL | - | PNC 12 C131 | -40 | USD | -41,039 | - | Cash and Cash Equivalents |
| -0.08% | WELLS FARGO & CO 11Dec2020 26 CALL | - | WFC 12 C26 | -310 | USD | -66,831 | - | Cash and Cash Equivalents |
| -0.15% | GOLDMAN SACHS GROUP INC/THE 11Dec2020 215 CALL | - | GS 12 C215 | -57 | USD | -121,180 | - | Cash and Cash Equivalents |
| -0.26% | CITIGROUP INC 04Dec2020 48.5 CALL | - | C 12 C48.5 | -232 | USD | -203,979 | - | Cash and Cash Equivalents |
| -0.61% | CASH | - | - | 1 | CAD | -482,787 | - | Cash and Cash Equivalents |
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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.