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Overview

Fund Profile

Key Facts

Key Facts table has 23 rows
Fund Ticker ZWK
Net Assets (Mn)
(Mar 02, 2021)
$ 123.49
Base Currency CAD
Closing Market Price $ 29.56
12-Month Low/High (Market Price) $ 17.23 / $ 29.83
Closing NAV Price
(Mar 02, 2021)
$ 29.4017
12-Month Low/High (Price (NAV)) $ 17.1512 / $ 29.7723
Annualized Distribution Yield
(Feb 19, 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
7.43%
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 29,995
Distribution Frequency Monthly
Options Available No
Inception Date Feb 15, 2019
Fiscal Year-End December 31
Units Outstanding (000's) 4,200
Index -
Market Cap ($Bn)
(Jan 29, 2021)
1,814.89
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 ($Mn)<br>(Mar 02, 2021), Market Price, 12-Month Low/High (Market Price), Price (NAV), 12-Month Low/High (Price (NAV)) , Distribution Frequency
Fund Total Assets ($Mn)
(Mar 02, 2021)
$ 123.49
Market Price $ 29.56
12-Month Low/High (Market Price) $ 17.23 / $ 29.83
Price (NAV) $ 29.4017
12-Month Low/High (Price (NAV)) $ 17.1512 / $ 29.7723
Distribution Frequency Monthly

Daily Prices

Daily prices table has 2 columns. Table columns are 1 Day Change, 1 Day % Change
Unit Price as of
(Mar 02, 2021)
1 Day Change 1 Day % Change
Market Price $ 29.56 $ -0.17 -0.57%
Price (NAV) $ 29.4017 $ -0.2728 -0.92%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 26, 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 19.66% - - - - 5.76%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 26, 2021

Calendar year performance table has 3 columns. Table columns are YTD, 2020, 2019
YTD 2020 2019
NAV 15.67% -13.81% 12.40%
Index - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Feb 26, 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 15.67% 16.03% 23.13% 46.38% 19.66% - - - - 12.06%
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 - - -
Apr, 2021 Apr 28, 2021 Apr 29, 2021 May 04, 2021 - - -
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 Mar 02, 2021

Stock

98.11%

Cash and Cash Equivalents

1.89%

Number of Holdings

34

Total Net Assets

$ 123,487,085.00


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
7.34% SVB FINANCIAL GROUP US78486Q1013 SIVB 13,772 USD 9,059,104 Financials Stock
7.31% AMERIPRISE FINANCIAL INC US03076C1062 AMP 31,659 USD 9,020,779 Financials Stock
6.92% FIFTH THIRD BANCORP US3167731005 FITB 187,295 USD 8,544,303 Financials Stock
6.86% TRUIST FINANCIAL CORP US89832Q1094 TFC 115,219 USD 8,471,040 Financials Stock
6.36% REGIONS FINANCIAL CORP US7591EP1005 RF 294,773 USD 7,852,683 Financials Stock
6.31% JPMORGAN CHASE & CO US46625H1005 JPM 41,161 USD 7,791,988 Financials Stock
6.30% PNC FINANCIAL SERVICES GROUP INC/THE US6934751057 PNC 35,611 USD 7,778,544 Financials Stock
6.26% GOLDMAN SACHS GROUP INC/THE US38141G1040 GS 18,520 USD 7,734,503 Financials Stock
6.24% CITIGROUP INC US1729674242 C 88,663 USD 7,710,221 Financials Stock
5.80% BANK OF AMERICA CORP US0605051046 BAC 159,874 USD 7,168,284 Financials Stock
5.68% CITIZENS FINANCIAL GROUP INC US1746101054 CFG 125,053 USD 7,016,261 Financials Stock
5.66% M&T BANK CORP US55261F1049 MTB 35,827 USD 6,990,209 Financials Stock
5.60% FIRST REPUBLIC BANK/CA US33616C1009 FRC 33,136 USD 6,920,544 Financials Stock
5.49% US BANCORP US9029733048 USB 106,090 USD 6,781,036 Financials Stock
5.25% WELLS FARGO & CO US9497461015 WFC 138,219 USD 6,478,162 Financials Stock
4.73% KEYCORP US4932671088 KEY 224,161 USD 5,841,471 Financials Stock
0.00% TRUIST FINANCIAL CORP 19Mar2021 62.5 CALL - TFC 3 C62.5 -140 USD -5,300 - Cash and Cash Equivalents
-0.01% WELLS FARGO & CO 19Mar2021 42.5 CALL - WFC 3 C42.5 -700 USD -7,950 - Cash and Cash Equivalents
-0.01% SVB FINANCIAL GROUP 19Mar2021 610 CALL - SIVB 3 C610 -70 USD -11,263 - Cash and Cash Equivalents
-0.01% PNC FINANCIAL SERVICES GROUP I 19Mar2021 185 CALL - PNC 3 C185 -180 USD -12,493 - Cash and Cash Equivalents
-0.02% US BANCORP 26Mar2021 55 CALL - USB 3 C55 -550 USD -22,904 - Cash and Cash Equivalents
-0.02% BANK OF AMERICA CORP 26Mar2021 38.5 CALL - BAC 3 C38.5 -830 USD -27,233 - Cash and Cash Equivalents
-0.03% M&T BANK CORP 19Mar2021 165 CALL - MTB 3 C165 -180 USD -33,845 - Cash and Cash Equivalents
-0.03% FIRST REPUBLIC BANK/CA 19Mar2021 175 CALL - FRC 3 C175 -170 USD -37,543 - Cash and Cash Equivalents
-0.03% CITIZENS FINANCIAL GROUP INC 19Mar2021 47.5 CALL - CFG 3 C47.5 -660 USD -39,146 - Cash and Cash Equivalents
-0.04% KEYCORP 19Mar2021 22 CALL - KEY 3 C22 -1,670 USD -44,257 - Cash and Cash Equivalents
-0.04% JPMORGAN CHASE & CO 12Mar2021 152.5 CALL - JPM 3 C152.5 -210 USD -44,787 - Cash and Cash Equivalents
-0.04% CITIGROUP INC 12Mar2021 71 CALL - C 3 C71 -460 USD -45,279 - Cash and Cash Equivalents
-0.04% FIFTH THIRD BANCORP 19Mar2021 38 CALL - FITB 3 C38 -1,000 USD -50,478 - Cash and Cash Equivalents
-0.05% REGIONS FINANCIAL CORP 19Mar2021 22 CALL - RF 3 C22 -1,570 USD -59,438 - Cash and Cash Equivalents
-0.05% GOLDMAN SACHS GROUP INC/THE 12Mar2021 335 CALL - GS 3 C335 -95 USD -60,902 - Cash and Cash Equivalents
-0.07% AMERIPRISE FINANCIAL INC 19Mar2021 230 CALL - AMP 3 C230 -160 USD -83,188 - Cash and Cash Equivalents
-0.10% TRUIST FINANCIAL CORP 19Mar2021 57.5 CALL - TFC 3 C57.5 -443 USD -117,399 - Cash and Cash Equivalents
2.45% CASH - - 1 CAD 3,031,350 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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