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Overview

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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Price & Performance

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

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 - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Oct 30, 2020

YTD 2019
NAV -27.96% 12.40%
Index - -
Cumulative Performance

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 - - - - - - - - - -

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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.

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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 - - -
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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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Holdings & Allocations

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)
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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

Holdings Breakdown

Sector Allocation

Geographic Allocation

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