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Overview

Fund Profile

Key Facts

Fund Ticker ZWU
Net Assets (Mn)
(Dec 02, 2020)
$ 950.72
Base Currency CAD
Closing Market Price $ 12.25
12-Month Low/High (Market Price) $ 9.18 / $ 14.76
Closing NAV Price
(Dec 02, 2020)
$ 12.2403
12-Month Low/High (Price (NAV)) $ 9.1963 / $ 14.7406
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.

7.89%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 352,769
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 77,671
Index -
Market Cap ($Bn)
(Oct 30, 2020)
1,199.5
Exchange TSX
CUSIP 05590N104
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Covered Call Utilities ETF has been designed to provide exposure to an equal weight portfolio of utilities, telecoms and pipeline companies, while earning call option premiums. The call options are written out of the money, selected based on the option's implied volatility, and are written in proportion to the securities weight. The option premium provides limited downside protection. The underlying portfolio is rebalanced in June and reconstituted in December. Options are rolled forward upon expiry. In addition, as ZWU 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 utilities, including telecommunications and pipeline companies
  • 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)
(Dec 02, 2020)
$ 950.72
Market Price $ 12.25
12-Month Low/High (Market Price) $ 9.18 / $ 14.76
Price (NAV) $ 12.2403
12-Month Low/High (Price (NAV)) $ 9.1963 / $ 14.7406
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Dec 02, 2020)
1 Day Change 1 Day % Change
Market Price $ 12.25 $ 0.04 0.33%
Price (NAV) $ 12.2403 $ 0.0433 0.36%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Nov 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -4.48% 4.95% 2.36% 6.04% - 4.41%
Index - - - - - -
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV -6.27% 23.40% -5.59% 5.68% 19.52% -15.24% 14.39% 1.63% 3.88% 4.97%
Index - - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Nov 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -6.27% 6.54% 5.25% 5.43% -4.48% 10.14% 7.25% 34.08% - 48.20%
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 0.080000 0.000000 0.080000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.075000 0.000000 0.075000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.080000 0.000000 0.080000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.080000 0.000000 0.080000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.080000 0.000000 0.080000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.080000 0.000000 0.080000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.080000 0.000000 0.080000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.080000 0.000000 0.080000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.080000 0.000000 0.080000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.080000 0.000000 0.080000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.080000 0.000000 0.080000
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 Dec 02, 2020

Stock

99.66%

Cash and Cash Equivalents

0.34%

Number of Holdings

73

Total Net Assets

$ 950,719,448.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
6.03% BMO EQUAL WEIGHT UTILITIES INDEX ETF CA05590D1069 ZUT 2,423,880 CAD 57,327,113 - Stock
5.85% PEMBINA PIPELINE CORP CA7063271034 PPL 1,679,458 CAD 55,590,060 Energy Stock
5.50% TELUS CORP CA87971M1032 T 2,090,332 CAD 52,321,010 Communication Services Stock
5.18% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 819,221 CAD 49,218,798 Communication Services Stock
5.09% ENBRIDGE INC CA29250N1050 ENB 1,163,357 CAD 48,349,117 Energy Stock
5.05% TRANSCANADA CORP CA87807B1076 TRP 826,002 CAD 48,032,016 Energy Stock
5.04% DUKE ENERGY CORP US26441C2044 DUK 394,805 USD 47,893,084 Utilities Stock
4.95% PPL CORP US69351T1060 PPL 1,276,769 USD 47,073,604 Utilities Stock
4.93% VERIZON COMMUNICATIONS INC US92343V1044 VZ 591,555 USD 46,907,666 Communication Services Stock
4.92% BCE INC CA05534B7604 BCE 830,843 CAD 46,751,536 Communication Services Stock
4.89% EXELON CORP US30161N1019 EXC 865,115 USD 46,474,766 Utilities Stock
4.79% FORTIS INC/CANADA CA3495531079 FTS 885,937 CAD 45,554,881 Utilities Stock
4.78% AT&T INC US00206R1023 T 1,207,764 USD 45,403,481 Communication Services Stock
4.77% EMERA INC CA2908761018 EMA 851,452 CAD 45,348,334 Utilities Stock
4.63% SOUTHERN CO/THE US8425871071 SO 551,002 USD 44,062,266 Utilities Stock
4.12% HYDRO ONE LTD CA4488112083 H 1,356,061 CAD 39,203,724 Utilities Stock
3.36% BROOKFIELD INFRASTRUCTURE PARTNERS LP BMG162521014 BIP-U 497,017 CAD 31,928,372 Utilities Stock
3.26% CANADIAN UTILITIES LTD CA1367178326 CU 963,091 CAD 30,973,007 Utilities Stock
2.95% ALTAGAS LTD CA0213611001 ALA 1,507,273 CAD 28,080,496 Utilities Stock
2.88% ALGONQUIN POWER & UTILITIES CORP CA0158571053 AQN 1,342,724 CAD 27,351,288 Utilities Stock
2.31% INTER PIPELINE LTD CA45833V1094 IPL 1,645,877 CAD 21,972,458 Energy Stock
2.13% GIBSON ENERGY INC CA3748252069 GEI 965,392 CAD 20,263,578 Energy Stock
2.03% TRANSALTA CORP CA89346D1078 TA 2,158,997 CAD 19,323,023 Utilities Stock
0.22% BROOKFIELD INFRASTRUCTURE CORP CA11275Q1072 BIPC 24,182 CAD 2,048,457 Utilities Stock
0.00% CANADIAN UTILITIES LTD - - -2,300 CAD -18,400 - Cash and Cash Equivalents
0.00% TC ENERGY CORP 18Dec2020 64 CALL - TRP 12 C64 -2,000 CAD -15,000 - Cash and Cash Equivalents
0.00% TRANSALTA CORP - - -3,000 CAD -9,000 - Cash and Cash Equivalents
0.00% ALGONQUIN POWER & UTILITIES CO 18Dec2020 21.5 CALL - AQN 12 C21.5 -3,000 CAD -15,000 - Cash and Cash Equivalents
0.00% BCE INC 18Dec2020 58.5 CALL - BCE 12 C58.5 -2,200 CAD -14,300 - Cash and Cash Equivalents
0.00% FORTIS INC/CANADA - - -2,200 CAD -12,100 - Cash and Cash Equivalents
0.00% PPL CORP - - -3,000 USD -27,138 - Cash and Cash Equivalents
0.00% TRANSALTA CORP 15Jan2021 10 CALL - TA 1 C10 -3,000 CAD -12,000 - Cash and Cash Equivalents
0.00% BMO EQUAL WEIGHT UTILITIES IND 18Dec2020 25 CALL - ZUT 12 C25 -3,000 CAD -24,000 - Cash and Cash Equivalents
0.00% BROOKFIELD INFRASTRUCTURE PART 18Dec2020 67 CALL - BIP 12 C67 -1,300 CAD -30,550 - Cash and Cash Equivalents
0.00% EMERA INC 18Dec2020 59 CALL - EMA 12 C59 -2,100 CAD -7,350 - Cash and Cash Equivalents
0.00% GIBSON ENERGY INC 18Dec2020 25 CALL - GEI 12 C25 -2,000 CAD -10,000 - Cash and Cash Equivalents
0.00% HYDRO ONE LTD 18Dec2020 31 CALL - H 12 C31 -3,500 CAD -14,000 - Cash and Cash Equivalents
0.00% INTER PIPELINE LTD 18Dec2020 14.5 CALL - IPL 12 C14.5 -3,500 CAD -17,500 - Cash and Cash Equivalents
0.00% AT&T INC 11Dec2020 30 CALL - T 12 C30 -3,000 USD -27,138 - Cash and Cash Equivalents
0.00% SOUTHERN CO/THE 18Dec2020 65 CALL - SO 12 C65 -900 USD -13,957 - Cash and Cash Equivalents
0.00% DUKE ENERGY CORP 18Dec2020 105 CALL - DUK 12 C105 -1,100 USD -11,372 - Cash and Cash Equivalents
0.00% EXELON CORP 18Dec2020 46 CALL - EXC 12 C46 -2,000 USD -7,754 - Cash and Cash Equivalents
0.00% SOUTHERN CO/THE 24Dec2020 67 CALL - SO 12 C67 -2,000 USD -16,800 - Cash and Cash Equivalents
0.00% TRANSALTA CORP 15Jan2021 9.5 CALL - TA 1 C9.5 -4,000 CAD -46,000 - Cash and Cash Equivalents
0.00% DUKE ENERGY CORP 18Dec2020 97.5 CALL - DUK 12 C97.5 -900 USD -43,034 - Cash and Cash Equivalents
0.00% FORTIS INC/CANADA 15Jan2021 57 CALL - FTS 1 C57 -2,300 CAD -27,600 - Cash and Cash Equivalents
0.00% EMERA INC 15Jan2021 58 CALL - EMA 1 C58 -2,300 CAD -24,150 - Cash and Cash Equivalents
0.00% EXELON CORP 18Dec2020 45 CALL - EXC 12 C45 -2,500 USD -16,154 - Cash and Cash Equivalents
0.00% BROOKFIELD INFRASTRUCTURE PART 15Jan2021 72 CALL - BIP 1 C72 -1,300 CAD -13,650 - Cash and Cash Equivalents
-0.01% TELUS CORP 18Dec2020 25 CALL - T 12 C25 -4,700 CAD -105,750 - Cash and Cash Equivalents
-0.01% AT&T INC 18Dec2020 30 CALL - T 12 C30 -3,000 USD -54,277 - Cash and Cash Equivalents
-0.01% VERIZON COMMUNICATIONS INC 18Dec2020 62.5 CALL - VZ 12 C62.5 -1,400 USD -65,132 - Cash and Cash Equivalents
-0.01% CANADIAN UTILITIES LTD 15Jan2021 34 CALL - CU 1 C34 -3,600 CAD -63,000 - Cash and Cash Equivalents
-0.01% HYDRO ONE LTD 15Jan2021 30 CALL - H 1 C30 -3,300 CAD -66,000 - Cash and Cash Equivalents
-0.01% INTER PIPELINE LTD 15Jan2021 15 CALL - IPL 1 C15 -4,000 CAD -60,000 - Cash and Cash Equivalents
-0.01% ROGERS COMMUNICATIONS INC 18Dec2020 62 CALL - RCI 12 C62 -2,200 CAD -49,500 - Cash and Cash Equivalents
-0.01% ALGONQUIN POWER & UTILITIES CO 15Jan2021 21 CALL - AQN 1 C21 -3,000 CAD -75,000 - Cash and Cash Equivalents
-0.01% ALTAGAS LTD 15Jan2021 19.5 CALL - ALA 1 C19.5 -3,000 CAD -76,500 - Cash and Cash Equivalents
-0.01% BCE INC 15Jan2021 58 CALL - BCE 1 C58 -2,000 CAD -78,000 - Cash and Cash Equivalents
-0.01% GIBSON ENERGY INC 15Jan2021 22.5 CALL - GEI 1 C22.5 -2,000 CAD -50,000 - Cash and Cash Equivalents
-0.01% PPL CORP 15Jan2021 31 CALL - PPL 1 C31 -3,000 USD -73,661 - Cash and Cash Equivalents
-0.01% ROGERS COMMUNICATIONS INC 15Jan2021 62 CALL - RCI 1 C62 -2,000 CAD -129,000 - Cash and Cash Equivalents
-0.01% TC ENERGY CORP 15Jan2021 62 CALL - TRP 1 C62 -2,000 CAD -90,000 - Cash and Cash Equivalents
-0.01% TELUS CORP 15Jan2021 25.5 CALL - T 1 C25.5 -5,000 CAD -85,000 - Cash and Cash Equivalents
-0.01% ENBRIDGE INC 15Jan2021 44 CALL - ENB 1 C44 -3,000 CAD -123,000 - Cash and Cash Equivalents
-0.01% PEMBINA PIPELINE CORP 15Jan2021 36 CALL - PPL 1 C36 -3,000 CAD -66,000 - Cash and Cash Equivalents
-0.01% PEMBINA PIPELINE CORP 18Dec2020 34 CALL - PPL 12 C34 -2,500 CAD -111,250 - Cash and Cash Equivalents
-0.01% VERIZON COMMUNICATIONS INC 08Jan2021 63 CALL - VZ 1 C63 -1,500 USD -106,615 - Cash and Cash Equivalents
-0.02% BMO EQUAL WEIGHT UTILITIES IND 15Jan2021 24 CALL - ZUT 1 C24 -5,000 CAD -150,000 - Cash and Cash Equivalents
-0.03% ALTAGAS LTD - - -3,000 CAD -241,500 - Cash and Cash Equivalents
-0.03% PEMBINA PIPELINE CORP 18Dec2020 33 CALL - PPL 12 C33 -3,300 CAD -285,450 - Cash and Cash Equivalents
-0.03% ENBRIDGE INC 15Jan2021 42 CALL - ENB 1 C42 -2,500 CAD -252,500 - Cash and Cash Equivalents
0.65% CASH - - 1 CAD 6,198,512 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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