Fund Profile
Key Facts
| Fund Ticker | ZWS |
|---|---|
|
Net Assets (Mn) (Sep 29, 2023) |
$ 175.53 |
| Base Currency | CAD |
| Closing Market Price | $ 18.66 |
| 12-Month Low/High (Market Price) | $ 17.44 / $ 20.40 |
|
Closing NAV Price (Sep 29, 2023) |
$ 18.6675 |
| 12-Month Low/High (Price (NAV)) | $ 17.3800 / $ 20.3557 |
|
Annualized Distribution Yield (Sep 15, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
5.67% |
| 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 | 20,247 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Mar 02, 2018 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 9,403 |
| Index | - |
|
Market Cap ($Bn) (Aug 31, 2023) |
1.05 |
| 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 utilizes a rules-based methodology that considers dividend growth rate, yield, payout ratio and 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
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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) (Sep 29, 2023) |
$ 175.53 |
|---|---|
| Market Price | $ 18.66 |
| 12-Month Low/High (Market Price) | $ 17.44 / $ 20.40 |
| Price (NAV) | $ 18.6675 |
| 12-Month Low/High (Price (NAV)) | $ 17.3800 / $ 20.3557 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Sep 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 18.66 | $ -0.02 | -0.11% |
| Price (NAV) | $ 18.6675 | $ -0.0343 | -0.18% |
Performance
Annualized Performance (%) for period ending: Aug 31, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 8.12% | 0.75% | 10.53% | - | - | 5.97% |
| Index | - | - | - | - | - | - |
| Aug 31, 2023 |
Calendar Year Performance (%) for period ending: Aug 31, 2023
| YTD | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| NAV | 3.78% | -7.19% | 24.46% | 0.29% | 21.04% | -5.46% |
| Index | - | - | - | - | - | - |
| Aug 31, 2023 |
Cumulative Performance (%) for period ending: Aug 31, 2023
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.78% | -1.77% | 5.75% | 4.63% | 8.12% | 1.50% | 35.03% | - | - | 37.56% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Aug 31, 2023 |
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Distribution History
| 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, 2023 | Jan 27, 2023 | Jan 30, 2023 | Feb 02, 2023 | 0.100000 | - | 0.100000 |
| Feb, 2023 | Feb 24, 2023 | Feb 27, 2023 | Mar 02, 2023 | 0.100000 | - | 0.100000 |
| Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.100000 | - | 0.100000 |
| Apr, 2023 | Apr 26, 2023 | Apr 27, 2023 | May 02, 2023 | 0.100000 | - | 0.100000 |
| May, 2023 | May 30, 2023 | May 31, 2023 | Jun 05, 2023 | 0.090000 | - | 0.090000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | 0.090000 | - | 0.090000 |
| Jul, 2023 | Jul 27, 2023 | Jul 28, 2023 | Aug 02, 2023 | 0.090000 | - | 0.090000 |
| Aug, 2023 | Aug 29, 2023 | Aug 30, 2023 | Sep 05, 2023 | 0.090000 | - | 0.090000 |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | 0.090000 | - | 0.090000 |
| Oct, 2023 | Oct 27, 2023 | Oct 30, 2023 | Nov 02, 2023 | - | - | - |
| Nov, 2023 | Nov 28, 2023 | Nov 29, 2023 | Dec 04, 2023 | - | - | - |
| Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2024 | - | - | - |
| Year to Date | 0.850000 | 0.000000 | 0.850000 |
| 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 Sep 29, 2023
100.39%
-0.39%
2
$ 175,527,051.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 100.39% | BMO US HIGH DIVIDEND COVERED CALL ETF | CA05579F1062 | ZWH | 8,316,460 | CAD | 176,215,558 | - | Stock |
| -0.39% | CASH | - | - | 1 | CAD | -688,478 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 10 ranges. Ranges are: 24.18%, Information Technology.15.87%, Financials.15.54%, Health Care.12.49%, Consumer Staples.8.18%, Consumer Discretionary.7.37%, Industrials.5.8%, Energy.5.06%, Communication Services.3.68%, Utilities.2%, Materials.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, United States.
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.