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Overview

Fund Profile

Key Facts

Fund Ticker ZWS
Net Assets (Mn)
(Feb 25, 2020)
$ 78.19
Base Currency CAD
Closing Market Price $ 19.11
12-Month Low/High (Market Price) $ 18.54 / $ 20.86
Closing NAV Price
(Feb 25, 2020)
$ 19.0574
12-Month Low/High (Price (NAV)) $ 18.4763 / $ 20.7600
Annualized Distribution Yield
(Feb 21, 2020)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

6.22%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.73%

Estimate only. Audited MER is unavailable since the ETF has not yet completed a financial year.

Market Volume 48,257
Distribution Frequency Monthly
Options Available No
Inception Date Mar 02, 2018
Fiscal Year-End December 31
Units Outstanding (000's) 4,103
Index -
Market Cap ($Bn)
(Jan 31, 2020)
0.85
Exchange Toronto Stock Exchange
CUSIP 09661N100
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO US High Dividend Covered Call Hedged to CAD ETF has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The Fund screens for securities for dividend growth, sustainability, and option liquidity. The Fund also dynamically writes covered call options. The option premium provides limited downside protection. The U.S. currency exposure is hedged back to the Canadian dollar. In addition, as ZWS is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of high dividend U.S. companies
  • Call option writing reduces volatility
  • Hedged to mitigate currency impacts
  • 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)
(Feb 25, 2020)
$ 78.19
Market Price $ 19.11
12-Month Low/High (Market Price) $ 18.54 / $ 20.86
Price (NAV) $ 19.0574
12-Month Low/High (Price (NAV)) $ 18.4763 / $ 20.7600
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 19.11 $ -0.60 -3.04%
Price (NAV) $ 19.0574 $ -0.6321 -3.21%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jan 31, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 10.37% - - - - 5.35%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jan 31, 2020

YTD 2019 2018
NAV -3.41% 21.04% -5.46%
Index - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jan 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -3.41% -3.41% 0.59% 3.94% 10.37% - - - - 10.52%
Index - - - - - - - - - -

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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.

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 0.105000 0.000000 0.105000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.105000 0.000000 0.105000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 - - -
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
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 Feb 25, 2020

Stock

100.34%

Cash and Cash Equivalents

-0.34%

Number of Holdings

2

Total Net Assets

$ 78,188,679.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
100.34% BMO US HIGH DIVIDEND COVERED CALL ETF CA05579F1062 ZWH 3,848,505 CAD 78,452,121 - Stock
-0.34% CASH - - 1 CAD -263,459 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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