Fund Profile
Key Facts
| Fund Ticker | ZWK |
|---|---|
|
Net Assets (Mn) (Aug 15, 2022) |
$ 279.63 |
| Base Currency | CAD |
| Closing Market Price | $ 28.41 |
| 12-Month Low/High (Market Price) | $ 24.61 / $ 35.05 |
|
Closing NAV Price (Aug 15, 2022) |
$ 28.3887 |
| 12-Month Low/High (Price (NAV)) | $ 24.7218 / $ 34.9256 |
|
Annualized Distribution Yield (Aug 05, 2022) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
7.56% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio |
0.72% Estimate only. Audited MER is unavailable since the ETF has not yet completed a financial year. Footnote |
| Market Volume | 81,705 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Feb 15, 2019 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 9,850 |
| Index | - |
|
Market Cap ($Bn) (Jul 29, 2022) |
1,827.94 |
| 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
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (Aug 15, 2022) |
$ 279.63 |
|---|---|
| Market Price | $ 28.41 |
| 12-Month Low/High (Market Price) | $ 24.61 / $ 35.05 |
| Price (NAV) | $ 28.3887 |
| 12-Month Low/High (Price (NAV)) | $ 24.7218 / $ 34.9256 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Aug 15, 2022) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 28.41 | $ 0.32 | 1.14% |
| Price (NAV) | $ 28.3887 | $ 0.2619 | 0.93% |
Performance
Annualized Performance (%) for period ending: Jul 29, 2022
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | -2.55% | 22.35% | 2.79% | - | - | 3.75% |
| Index | - | - | - | - | - | - |
| Jul 29, 2022 |
Calendar Year Performance (%) for period ending: Jul 29, 2022
| YTD | 2021 | 2020 | 2019 | |
|---|---|---|---|---|
| NAV | -14.55% | 37.16% | -13.81% | 12.40% |
| Index | - | - | - | - |
| Jul 29, 2022 |
Cumulative Performance (%) for period ending: Jul 29, 2022
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -14.55% | 7.13% | -0.94% | -15.96% | -2.55% | 49.69% | 8.62% | - | - | 13.54% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Jul 29, 2022 |
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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, 2022 | Jan 27, 2022 | Jan 28, 2022 | Feb 02, 2022 | 0.170000 | 0.000000 | 0.170000 |
| Feb, 2022 | Feb 24, 2022 | Feb 25, 2022 | Mar 02, 2022 | 0.170000 | 0.000000 | 0.170000 |
| Mar, 2022 | Mar 29, 2022 | Mar 30, 2022 | Apr 04, 2022 | 0.170000 | 0.000000 | 0.170000 |
| Apr, 2022 | Apr 27, 2022 | Apr 28, 2022 | May 03, 2022 | 0.170000 | 0.000000 | 0.170000 |
| May, 2022 | May 27, 2022 | May 30, 2022 | Jun 03, 2022 | 0.170000 | 0.000000 | 0.170000 |
| Jun, 2022 | Jun 28, 2022 | Jun 29, 2022 | Jul 05, 2022 | 0.170000 | 0.000000 | 0.170000 |
| Jul, 2022 | Jul 27, 2022 | Jul 28, 2022 | Aug 03, 2022 | 0.170000 | 0.000000 | 0.170000 |
| Aug, 2022 | Aug 29, 2022 | Aug 30, 2022 | Sep 02, 2022 | - | - | - |
| Sep, 2022 | Sep 28, 2022 | Sep 29, 2022 | Oct 05, 2022 | - | - | - |
| Oct, 2022 | Oct 27, 2022 | Oct 28, 2022 | Nov 02, 2022 | - | - | - |
| Nov, 2022 | Nov 28, 2022 | Nov 29, 2022 | Dec 02, 2022 | - | - | - |
| Dec, 2022 | Dec 28, 2022 | Dec 29, 2022 | Jan 03, 2023 | - | - | - |
| Year to Date | 1.190000 | 0.000000 | 1.190000 |
| 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 Aug 15, 2022
102.17%
-2.17%
43
$ 279,629,117.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 5.25% | GOLDMAN SACHS GROUP INC/THE | US38141G1040 | GS | 31,942 | USD | 14,670,252 | Financials | Stock |
| 5.22% | REGIONS FINANCIAL CORP | US7591EP1005 | RF | 493,927 | USD | 14,604,824 | Financials | Stock |
| 5.21% | M&T BANK CORP | US55261F1049 | MTB | 59,354 | USD | 14,574,147 | Financials | Stock |
| 5.20% | BMO EQUAL WEIGHT US BANKS INDEX ETF | CA05590V1067 | ZBK | 449,638 | CAD | 14,552,507 | - | Stock |
| 5.19% | WESTERN ALLIANCE BANCORP | US9576381092 | WAL | 131,776 | USD | 14,522,849 | Financials | Stock |
| 5.15% | FIRST REPUBLIC BANK/CA | US33616C1009 | FRC | 65,993 | USD | 14,387,569 | Financials | Stock |
| 5.11% | HUNTINGTON BANCSHARES INC/OH | US4461501045 | HBAN | 771,711 | USD | 14,302,686 | Financials | Stock |
| 5.03% | EAST WEST BANCORP INC | US27579R1041 | EWBC | 142,307 | USD | 14,057,989 | Financials | Stock |
| 4.92% | PNC FINANCIAL SERVICES GROUP INC/THE | US6934751057 | PNC | 61,322 | USD | 13,765,731 | Financials | Stock |
| 4.90% | CITIGROUP INC | US1729674242 | C | 196,169 | USD | 13,689,741 | Financials | Stock |
| 4.89% | COMERICA INC | US2003401070 | CMA | 123,750 | USD | 13,676,647 | Financials | Stock |
| 4.81% | WELLS FARGO & CO | US9497461015 | WFC | 227,752 | USD | 13,448,126 | Financials | Stock |
| 4.78% | TRUIST FINANCIAL CORP | US89832Q1094 | TFC | 201,579 | USD | 13,377,835 | Financials | Stock |
| 4.75% | US BANCORP | US9029733048 | USB | 209,658 | USD | 13,280,807 | Financials | Stock |
| 4.75% | JPMORGAN CHASE & CO | US46625H1005 | JPM | 83,969 | USD | 13,271,552 | Financials | Stock |
| 4.69% | SVB FINANCIAL GROUP | US78486Q1013 | SIVB | 21,845 | USD | 13,121,604 | Financials | Stock |
| 4.63% | BANK OF AMERICA CORP | US0605051046 | BAC | 277,010 | USD | 12,960,207 | Financials | Stock |
| 4.48% | KEYCORP | US4932671088 | KEY | 498,685 | USD | 12,518,561 | Financials | Stock |
| 4.47% | FIFTH THIRD BANCORP | US3167731005 | FITB | 260,287 | USD | 12,507,024 | Financials | Stock |
| 4.47% | CITIZENS FINANCIAL GROUP INC | US1746101054 | CFG | 243,202 | USD | 12,502,185 | Financials | Stock |
| 4.26% | SIGNATURE BANK/NEW YORK NY | US82669G1040 | SBNY | 45,092 | USD | 11,915,456 | Financials | Stock |
| 0.00% | SIGNATURE BANK/NEW YORK NY 19Aug2022 230 CALL | - | SBNY 8 C230 | -220 | USD | -1,420 | - | Cash and Cash Equivalents |
| -0.01% | US BANCORP 19Aug2022 50 CALL | - | USB 8 C50 | -1,070 | USD | -15,191 | - | Cash and Cash Equivalents |
| -0.02% | BMO EQUAL WEIGHT US BANKS INDE 19Aug2022 33 CALL | - | ZBK 8 C33 | -2,220 | CAD | -43,290 | - | Cash and Cash Equivalents |
| -0.03% | CITIZENS FINANCIAL GROUP INC 19Aug2022 40 CALL | - | CFG 8 C40 | -1,230 | USD | -71,437 | - | Cash and Cash Equivalents |
| -0.04% | BANK OF AMERICA CORP 19Aug2022 36 CALL | - | BAC 8 C36 | -1,390 | USD | -98,670 | - | Cash and Cash Equivalents |
| -0.04% | FIFTH THIRD BANCORP 19Aug2022 37 CALL | - | FITB 8 C37 | -1,300 | USD | -104,026 | - | Cash and Cash Equivalents |
| -0.04% | WELLS FARGO & CO 26Aug2022 46 CALL | - | WFC 8 C46 | -1,170 | USD | -116,275 | - | Cash and Cash Equivalents |
| -0.05% | JPMORGAN CHASE & CO 26Aug2022 122 CALL | - | JPM 8 C122 | -430 | USD | -129,865 | - | Cash and Cash Equivalents |
| -0.06% | SVB FINANCIAL GROUP 19Aug2022 460 CALL | - | SIVB 8 C460 | -110 | USD | -161,138 | - | Cash and Cash Equivalents |
| -0.07% | TRUIST FINANCIAL CORP 19Aug2022 50 CALL | - | TFC 8 C50 | -1,030 | USD | -206,052 | - | Cash and Cash Equivalents |
| -0.08% | CITIGROUP INC 19Aug2022 52.5 CALL | - | C 8 C52.5 | -1,030 | USD | -223,334 | - | Cash and Cash Equivalents |
| -0.08% | FIRST REPUBLIC BANK/CA 19Aug2022 165 CALL | - | FRC 8 C165 | -350 | USD | -225,864 | - | Cash and Cash Equivalents |
| -0.10% | KEYCORP 16Sep2022 19 CALL | - | KEY 9 C19 | -2,510 | USD | -275,360 | - | Cash and Cash Equivalents |
| -0.12% | WESTERN ALLIANCE BANCORP 16Sep2022 85 CALL | - | WAL 9 C85 | -680 | USD | -324,728 | - | Cash and Cash Equivalents |
| -0.12% | HUNTINGTON BANCSHARES INC/OH 16Sep2022 14 CALL | - | HBAN 9 C14 | -3,950 | USD | -336,472 | - | Cash and Cash Equivalents |
| -0.14% | PNC FINANCIAL SERVICES GROUP I 19Aug2022 165 CALL | - | PNC 8 C165 | -310 | USD | -384,898 | - | Cash and Cash Equivalents |
| -0.15% | COMERICA INC 19Aug2022 80 CALL | - | CMA 8 C80 | -630 | USD | -422,004 | - | Cash and Cash Equivalents |
| -0.23% | EAST WEST BANCORP INC 19Aug2022 70 CALL | - | EWBC 8 C70 | -730 | USD | -645,390 | - | Cash and Cash Equivalents |
| -0.23% | REGIONS FINANCIAL CORP 19Aug2022 21 CALL | - | RF 8 C21 | -2,570 | USD | -646,809 | - | Cash and Cash Equivalents |
| -0.29% | M&T BANK CORP 19Aug2022 170 CALL | - | MTB 8 C170 | -300 | USD | -811,948 | - | Cash and Cash Equivalents |
| -0.31% | GOLDMAN SACHS GROUP INC/THE 26Aug2022 315 CALL | - | GS 8 C315 | -170 | USD | -878,739 | - | Cash and Cash Equivalents |
| 0.02% | CASH | - | - | 1 | CAD | 43,728 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 1 range. The range is: 100%, Financials.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, United States.
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.