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Overview

Fund Profile

Key Facts

Key Facts table has 23 rows
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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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Performance details table has 6 columns. Table columns are Fund Total Assets ($Mn)<br>(May 12, 2021), Market Price, 12-Month Low/High (Market Price), Price (NAV), 12-Month Low/High (Price (NAV)) , Distribution Frequency
Fund Total Assets ($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

Daily prices table has 2 columns. Table columns are 1 Day Change, 1 Day % Change
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

Annualized Performance (%) for period ending: Apr 30, 2021

Annualized performance table has 6 columns. Table columns are 1 Year, 2 Year, 3 Year, 5 Year, 10 Year, Since Inception
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 54.43% 7.16% - - - 8.49%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Apr 30, 2021

Calendar year performance table has 3 columns. Table columns are YTD, 2020, 2019
YTD 2020 2019
NAV 23.55% -13.81% 12.40%
Index - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Apr 30, 2021

Cumulative performance table has 10 columns. Table columns are YTD, 1 Mo, 3 Mo, 6 Mo, 1 Year, 2 Year, 3 Year, 5 Year, 10 Year, Since Inception
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 - - - - - - - - - -

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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.

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.

BMO CMS

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 history table has 7 columns. Table columns are Distribution Period, Ex-Dividend Date, Record Date, Pay Date, Cash Distribution Per Unit, Reinvested Distribution Per Unit, Total Distribution Per Unit
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 - - -
Download Distribution Tax (Excel)
Distribution tax table has 9 columns. Table columns are Distribution Period, Eligible Dividends, Non Eligible Dividends, Other Income, Capital Gains, Return on Capital, Foreign Income, Foreign Tax Paid, Total Distribution per Unit for Tax Purpose
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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Holdings & Allocations

Daily Holdings

As of May 12, 2021

Stock

100.78%

Cash and Cash Equivalents

-0.78%

Number of Holdings

40

Total Net Assets

$ 160,476,080.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 9 columns. Table columns are Weight (%), Name, ISIN, Bloomberg Ticker, Number of Shares, Currency, Base Market Value, Sector, Asset Class
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

Holdings Breakdown

Sector Allocation

Geographic Allocation

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