Overview
Price & Performance
Tax & Distributions
Download Distribution History (Excel)
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(Excel)
Holdings & Allocations
Download Holdings (Excel)
Fund Profile
Key Facts
| Fund Ticker | ZWU |
|---|---|
|
Net Assets (Mn) (Sep 29, 2023) |
$ 1,582.25 |
| Base Currency | CAD |
| Closing Market Price | $ 9.71 |
| 12-Month Low/High (Market Price) | $ 9.71 / $ 11.95 |
|
Closing NAV Price (Sep 29, 2023) |
$ 9.7058 |
| 12-Month Low/High (Price (NAV)) | $ 9.7058 / $ 11.9648 |
|
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 |
8.20% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.71% |
| Market Volume | 753,590 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Oct 20, 2011 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 163,021 |
| Index | - |
|
Market Cap ($Bn) (Aug 31, 2023) |
1,245.23 |
| 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
Download
Performance Chart
Growth of 10,000
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (Sep 29, 2023) |
$ 1,582.25 |
|---|---|
| Market Price | $ 9.71 |
| 12-Month Low/High (Market Price) | $ 9.71 / $ 11.95 |
| Price (NAV) | $ 9.7058 |
| 12-Month Low/High (Price (NAV)) | $ 9.7058 / $ 11.9648 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Sep 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 9.71 | $ -0.02 | -0.26% |
| Price (NAV) | $ 9.7058 | $ -0.0304 | -0.31% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Aug 31, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | -11.12% | -3.62% | 3.18% | 3.24% | 4.08% | 3.74% |
| Index | - | - | - | - | - | - |
| Aug 31, 2023 |
Calendar Year Performance (%) for period ending: Aug 31, 2023
| YTD | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -5.18% | -4.06% | 15.77% | -7.11% | 23.40% | -5.59% | 5.68% | 19.52% | -15.24% | 14.39% |
| 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 | -5.18% | -2.63% | -3.49% | -3.53% | -11.12% | -7.11% | 9.85% | 17.28% | 49.17% | 54.68% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Aug 31, 2023 |
Download
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 | 0.080000 | - | 0.080000 |
| Feb, 2023 | Feb 24, 2023 | Feb 27, 2023 | Mar 02, 2023 | 0.080000 | - | 0.080000 |
| Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.080000 | - | 0.080000 |
| Apr, 2023 | Apr 26, 2023 | Apr 27, 2023 | May 02, 2023 | 0.080000 | - | 0.080000 |
| May, 2023 | May 30, 2023 | May 31, 2023 | Jun 05, 2023 | 0.070000 | - | 0.070000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | 0.070000 | - | 0.070000 |
| Jul, 2023 | Jul 27, 2023 | Jul 28, 2023 | Aug 02, 2023 | 0.070000 | - | 0.070000 |
| Aug, 2023 | Aug 29, 2023 | Aug 30, 2023 | Sep 05, 2023 | 0.070000 | - | 0.070000 |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | 0.070000 | - | 0.070000 |
| 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 | 0.670000 | 0.000000 | 0.670000 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - |
Download
Daily Holdings
As of Sep 29, 2023
Stock
99.41%
Cash and Cash Equivalents
0.59%
Number of Holdings
84
Total Net Assets
$ 1,582,245,961.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 5.51% | PEMBINA PIPELINE CORP | CA7063271034 | PPL | 2,136,523 | CAD | 87,255,599 | Energy | Stock |
| 5.42% | BMO EQUAL WEIGHT UTILITIES INDEX ETF | CA05590D1069 | ZUT | 4,467,129 | CAD | 85,795,278 | - | Stock |
| 5.21% | FORTIS INC/CANADA | CA3495531079 | FTS | 1,598,657 | CAD | 82,474,715 | Utilities | Stock |
| 5.14% | ENBRIDGE INC | CA29250N1050 | ENB | 1,803,720 | CAD | 81,257,586 | Energy | Stock |
| 4.90% | TC ENERGY CORP | CA87807B1076 | TRP | 1,661,176 | CAD | 77,593,531 | Energy | Stock |
| 4.85% | BCE INC | CA05534B7604 | BCE | 1,479,229 | CAD | 76,698,024 | Communication Services | Stock |
| 4.63% | KINDER MORGAN INC | US49456B1017 | KMI | 3,250,030 | USD | 73,189,977 | Energy | Stock |
| 4.59% | SOUTHERN CO/THE | US8425871071 | SO | 826,981 | USD | 72,696,542 | Utilities | Stock |
| 4.59% | EMERA INC | CA2908761018 | EMA | 1,531,652 | CAD | 72,630,938 | Utilities | Stock |
| 4.55% | EXELON CORP | US30161N1019 | EXC | 1,402,485 | USD | 71,987,125 | Utilities | Stock |
| 4.48% | DUKE ENERGY CORP | US26441C2044 | DUK | 591,267 | USD | 70,880,582 | Utilities | Stock |
| 4.44% | PPL CORP | US69351T1060 | PPL | 2,197,527 | USD | 70,321,677 | Utilities | Stock |
| 4.28% | TELUS CORP | CA87971M1032 | T | 3,055,693 | CAD | 67,775,271 | Communication Services | Stock |
| 4.12% | AT&T INC | US00206R1023 | T | 3,197,080 | USD | 65,223,357 | Communication Services | Stock |
| 4.06% | VERIZON COMMUNICATIONS INC | US92343V1044 | VZ | 1,458,976 | USD | 64,225,411 | Communication Services | Stock |
| 4.01% | ROGERS COMMUNICATIONS INC | CA7751092007 | RCI/B | 1,216,146 | CAD | 63,422,014 | Communication Services | Stock |
| 3.85% | HYDRO ONE LTD | CA4488112083 | H | 1,762,160 | CAD | 60,935,493 | Utilities | Stock |
| 3.76% | ALTAGAS LTD | CA0213611001 | ALA | 2,282,828 | CAD | 59,467,669 | Utilities | Stock |
| 3.63% | NEXTERA ENERGY INC | US65339F1012 | NEE | 737,817 | USD | 57,412,597 | Utilities | Stock |
| 3.16% | CANADIAN UTILITIES LTD | CA1367178326 | CU | 1,743,425 | CAD | 50,036,298 | Utilities | Stock |
| 2.84% | NORTHLAND POWER INC | CA6665111002 | NPI | 2,031,188 | CAD | 44,929,879 | Utilities | Stock |
| 2.79% | BROOKFIELD INFRASTRUCTURE PARTNERS LP | BMG162521014 | BIP-U | 1,108,361 | CAD | 44,179,269 | Utilities | Stock |
| 2.35% | ALGONQUIN POWER & UTILITIES CORP | CA0158571053 | AQN | 4,632,219 | CAD | 37,243,041 | Utilities | Stock |
| 2.23% | TRANSALTA CORP | CA89346D1078 | TA | 2,979,992 | CAD | 35,253,305 | Utilities | Stock |
| 0.42% | CANADA T BILL 09Nov2023 | CA1350Z7BL78 | - | 6,640,000 | CAD | 6,603,066 | - | Cash and Cash Equivalents |
| 0.40% | CANADA T BILL 04Jan2024 | CA1350Z7BQ65 | - | 6,450,000 | CAD | 6,363,518 | - | Cash and Cash Equivalents |
| 0.20% | CANADA T BILL 26Oct2023 | CA1350Z7BX17 | - | 3,150,000 | CAD | 3,138,518 | - | Cash and Cash Equivalents |
| 0.15% | CANADA T BILL 23Nov2023 | CA1350Z7BZ64 | - | 2,450,000 | CAD | 2,431,580 | - | Cash and Cash Equivalents |
| 0.13% | CANADA T BILL 12Oct2023 | CA1350Z7BJ23 | - | 2,071,057 | CAD | 2,067,421 | - | Cash and Cash Equivalents |
| 0.01% | CANADA T BILL 21Dec2023 | CA1350Z7B371 | - | 100,000 | CAD | 98,851 | - | Cash and Cash Equivalents |
| 0.00% | EMERA INC 20Oct2023 54 CALL | - | EMA 10 C54 | -2,800 | CAD | -8,400 | - | Cash and Cash Equivalents |
| 0.00% | ALGONQUIN POWER & UTILITIES CO 20Oct2023 11 CALL | - | AQN 10 C11 | -5,000 | CAD | -10,000 | - | Cash and Cash Equivalents |
| 0.00% | HYDRO ONE LTD 20Oct2023 38 CALL | - | H 10 C38 | -3,000 | CAD | -10,500 | - | Cash and Cash Equivalents |
| 0.00% | BROOKFIELD INFRASTRUCTURE PART 17Nov2023 47 CALL | - | BIP 11 C47 | -2,000 | CAD | -11,000 | - | Cash and Cash Equivalents |
| 0.00% | ALTAGAS LTD 29Sep2023 27.5 CALL | - | 5ALA 9 C27.5 | -2,500 | CAD | -11,250 | - | Cash and Cash Equivalents |
| 0.00% | BROOKFIELD INFRASTRUCTURE PART 20Oct2023 46 CALL | - | BIP 10 C46 | -2,000 | CAD | -12,000 | - | Cash and Cash Equivalents |
| 0.00% | NEXTERA ENERGY INC 29Sep2023 69 CALL | - | NEE 9 C69 | -2,100 | USD | -14,262 | - | Cash and Cash Equivalents |
| 0.00% | CANADIAN UTILITIES LTD 20Oct2023 34 CALL | - | CU 10 C34 | -2,200 | CAD | -14,300 | - | Cash and Cash Equivalents |
| 0.00% | HYDRO ONE LTD 17Nov2023 38 CALL | - | H 11 C38 | -2,900 | CAD | -14,500 | - | Cash and Cash Equivalents |
| 0.00% | ALGONQUIN POWER & UTILITIES CO 20Oct2023 10.5 CALL | - | AQN 10 C10.5 | -5,000 | CAD | -15,000 | - | Cash and Cash Equivalents |
| 0.00% | TRANSALTA CORP 20Oct2023 14.5 CALL | - | TA 10 C14.5 | -2,500 | CAD | -15,000 | - | Cash and Cash Equivalents |
| 0.00% | VERIZON COMMUNICATIONS INC 13Oct2023 35 CALL | - | VZ 10 C35 | -3,700 | USD | -15,077 | - | Cash and Cash Equivalents |
| 0.00% | SOUTHERN CO/THE 13Oct2023 72 CALL | - | SO 10 C72 | -2,300 | USD | -15,620 | - | Cash and Cash Equivalents |
| 0.00% | CANADIAN UTILITIES LTD 17Nov2023 33 CALL | - | CU 11 C33 | -2,100 | CAD | -15,750 | - | Cash and Cash Equivalents |
| 0.00% | NORTHLAND POWER INC 20Oct2023 26 CALL | - | NPI 10 C26 | -3,200 | CAD | -16,000 | - | Cash and Cash Equivalents |
| 0.00% | NORTHLAND POWER INC 20Oct2023 27 CALL | - | NPI 10 C27 | -3,200 | CAD | -16,000 | - | Cash and Cash Equivalents |
| 0.00% | TELUS CORP 20Oct2023 24 CALL | - | T 10 C24 | -5,000 | CAD | -17,500 | - | Cash and Cash Equivalents |
| 0.00% | TRANSALTA CORP 20Oct2023 14 CALL | - | TA 10 C14 | -2,500 | CAD | -17,500 | - | Cash and Cash Equivalents |
| 0.00% | NEXTERA ENERGY INC 13Oct2023 72 CALL | - | NEE 10 C72 | -2,100 | USD | -19,966 | - | Cash and Cash Equivalents |
| 0.00% | BCE INC 20Oct2023 57 CALL | - | BCE 10 C57 | -4,000 | CAD | -20,000 | - | Cash and Cash Equivalents |
| 0.00% | ENBRIDGE INC 20Oct2023 49 CALL | - | ENB 10 C49 | -5,000 | CAD | -20,000 | - | Cash and Cash Equivalents |
| 0.00% | TELUS CORP 17Nov2023 25 CALL | - | T 11 C25 | -5,000 | CAD | -20,000 | - | Cash and Cash Equivalents |
| 0.00% | FORTIS INC/CANADA 20Oct2023 56 CALL | - | FTS 10 C56 | -4,300 | CAD | -21,500 | - | Cash and Cash Equivalents |
| 0.00% | ROGERS COMMUNICATIONS INC/ONTA 20Oct2023 58 CALL | - | RCI 10 C58 | -3,200 | CAD | -22,400 | - | Cash and Cash Equivalents |
| 0.00% | KINDER MORGAN INC 13Oct2023 17.5 CALL | - | KMI 10 C17.5 | -5,500 | USD | -22,411 | - | Cash and Cash Equivalents |
| 0.00% | KINDER MORGAN INC 20Oct2023 18 CALL | - | KMI 10 C18 | -5,500 | USD | -22,411 | - | Cash and Cash Equivalents |
| 0.00% | ALGONQUIN POWER & UTILITIES CO 17Nov2023 10.5 CALL | - | AQN 11 C10.5 | -5,000 | CAD | -22,500 | - | Cash and Cash Equivalents |
| 0.00% | EXELON CORP 17Nov2023 44 CALL | - | EXC 11 C44 | -3,400 | USD | -23,090 | - | Cash and Cash Equivalents |
| 0.00% | ALGONQUIN POWER & UTILITIES CO 17Nov2023 10 CALL | - | AQN 11 C10 | -5,000 | CAD | -25,000 | - | Cash and Cash Equivalents |
| 0.00% | TELUS CORP 17Nov2023 24.5 CALL | - | T 11 C24.5 | -5,000 | CAD | -25,000 | - | Cash and Cash Equivalents |
| 0.00% | TRANSALTA CORP 17Nov2023 14 CALL | - | TA 11 C14 | -2,500 | CAD | -25,000 | - | Cash and Cash Equivalents |
| 0.00% | EMERA INC 17Nov2023 54 CALL | - | EMA 11 C54 | -2,900 | CAD | -26,100 | - | Cash and Cash Equivalents |
| 0.00% | AT&T INC 29Sep2023 15 CALL | - | T 9 C15 | -5,000 | USD | -27,165 | - | Cash and Cash Equivalents |
| 0.00% | EXELON CORP 20Oct2023 43 CALL | - | EXC 10 C43 | -4,000 | USD | -27,165 | - | Cash and Cash Equivalents |
| 0.00% | BMO EQUAL WEIGHT UTILITIES IND 20Oct2023 22.5 CALL | - | ZUT 10 C22.5 | -5,000 | CAD | -27,500 | - | Cash and Cash Equivalents |
| 0.00% | PEMBINA PIPELINE CORP 20Oct2023 43 CALL | - | PPL 10 C43 | -3,700 | CAD | -27,750 | - | Cash and Cash Equivalents |
| 0.00% | PEMBINA PIPELINE CORP 06Oct2023 43 CALL | - | 1PPL 10 C43 | -4,000 | CAD | -28,000 | - | Cash and Cash Equivalents |
| 0.00% | BMO EQUAL WEIGHT UTILITIES IND 17Nov2023 22 CALL | - | ZUT 11 C22 | -5,000 | CAD | -30,000 | - | Cash and Cash Equivalents |
| 0.00% | FORTIS INC/CANADA 13Oct2023 56 CALL | - | 2FTS 10 C56 | -4,000 | CAD | -30,000 | - | Cash and Cash Equivalents |
| 0.00% | PPL CORP 20Oct2023 26 CALL | - | PPL 10 C26 | -6,000 | USD | -32,598 | - | Cash and Cash Equivalents |
| 0.00% | PPL CORP 17Nov2023 27 CALL | - | PPL 11 C27 | -5,000 | USD | -33,956 | - | Cash and Cash Equivalents |
| 0.00% | ALTAGAS LTD 20Oct2023 27 CALL | - | ALA 10 C27 | -2,500 | CAD | -37,500 | - | Cash and Cash Equivalents |
| 0.00% | ALTAGAS LTD 17Nov2023 28 CALL | - | ALA 11 C28 | -2,500 | CAD | -41,250 | - | Cash and Cash Equivalents |
| 0.00% | DUKE ENERGY CORP 20Oct2023 100 CALL | - | DUK 10 C100 | -3,200 | USD | -43,464 | - | Cash and Cash Equivalents |
| 0.00% | VERIZON COMMUNICATIONS INC 27Oct2023 35 CALL | - | VZ 10 C35 | -4,000 | USD | -48,897 | - | Cash and Cash Equivalents |
| 0.00% | TC ENERGY CORP 20Oct2023 50 CALL | - | TRP 10 C50 | -4,500 | CAD | -56,250 | - | Cash and Cash Equivalents |
| 0.00% | AT&T INC 20Oct2023 16 CALL | - | T 10 C16 | -6,000 | USD | -57,046 | - | Cash and Cash Equivalents |
| 0.00% | ENBRIDGE INC 17Nov2023 49 CALL | - | ENB 11 C49 | -5,300 | CAD | -68,900 | - | Cash and Cash Equivalents |
| 0.00% | KINDER MORGAN INC 27Oct2023 17.5 CALL | - | KMI 10 C17.5 | -6,000 | USD | -73,345 | - | Cash and Cash Equivalents |
| -0.01% | PEMBINA PIPELINE CORP 17Nov2023 44 CALL | - | PPL 11 C44 | -4,100 | CAD | -82,000 | - | Cash and Cash Equivalents |
| -0.01% | TC ENERGY CORP 17Nov2023 52 CALL | - | TRP 11 C52 | -3,900 | CAD | -85,800 | - | Cash and Cash Equivalents |
| -0.01% | ROGERS COMMUNICATIONS INC/ONTA 17Nov2023 58 CALL | - | RCI 11 C58 | -3,100 | CAD | -102,300 | - | Cash and Cash Equivalents |
| -0.01% | AT&T INC 06Oct2023 15 CALL | - | T 10 C15 | -5,000 | USD | -115,451 | - | Cash and Cash Equivalents |
| -0.61% | CASH | - | - | 1 | CAD | -9,700,402 | - | Cash and Cash Equivalents |
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Holdings Breakdown
Sector Allocation
has a donut chart divided into 3 ranges. Ranges are: 58.81%, Utilities.20.74%, Communication Services.20.45%, Energy.
Geographic Allocation
has a donut chart divided into 2 ranges. Ranges are: 66.17%, Canada.34.49%, 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.