Overview

Fund Profile

Key Facts

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

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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 Sep 29, 2023, 1 Day Change, 1 Day % Change
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

Annualized Performance (%) for period ending: Aug 31, 2023

Table for annualized performance. For period ending
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 - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 31, 2023

Table for calendar performance. For period ending
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 - - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 31, 2023

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 -5.18% -2.63% -3.49% -3.53% -11.12% -7.11% 9.85% 17.28% 49.17% 54.68%
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.

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, 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 - - -
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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 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)
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
5.51% 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

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.

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