Overview

Fund Profile

Key Facts

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

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

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Aug 15, 2022, 1 Day Change, 1 Day % Change
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

Annualized Performance (%) for period ending: Jul 29, 2022

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -2.55% 22.35% 2.79% - - 3.75%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jul 29, 2022

Table for calendar performance. For period ending
YTD 2021 2020 2019
NAV -14.55% 37.16% -13.81% 12.40%
Index - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jul 29, 2022

Table for cumulative performance. For period ending
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 - - - - - - - - - -

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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)
Table for distribution history. For period ending
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 - - -
Download Distribution Tax (Excel)
ETF distribution tax table. Showing for year
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 Aug 15, 2022

Stock

102.17%

Cash and Cash Equivalents

-2.17%

Number of Holdings

43

Total Net Assets

$ 279,629,117.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 5 columns. Table columns are Weight (%), Name, ISIN, Bloomberg Ticker, Base Market Value
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.

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