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Overview

Fund Profile

Key Facts

Fund Ticker ZWU
Net Assets (Mn)
(Sep 18, 2019)
$ 878.55
Base Currency CAD
Closing Market Price $ 13.98
12-Month Low/High (Market Price) $ 11.80 / $ 13.98
Closing NAV Price
(Sep 18, 2019)
$ 13.9517
12-Month Low/High (Price (NAV)) $ 11.7542 / $ 13.9517
Annualized Distribution Yield
(Sep 13, 2019)

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

6.47%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.71%
Market Volume 457,909
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 62,971
Index -
Market Cap ($Bn)
(Aug 30, 2019)
1,338.97
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)
(Sep 18, 2019)
$ 878.55
Market Price $ 13.98
12-Month Low/High (Market Price) $ 11.80 / $ 13.98
Price (NAV) $ 13.9517
12-Month Low/High (Price (NAV)) $ 11.7542 / $ 13.9517
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 13.98 $ 0.05 0.36%
Price (NAV) $ 13.9517 $ 0.0158 0.11%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 14.55% 6.08% 6.33% 3.40% - 5.39%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011
NAV 17.90% -5.59% 5.68% 19.52% -15.24% 14.39% 1.63% 3.88% 4.97%
Index - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 17.90% 3.27% 3.81% 7.25% 14.55% 12.54% 20.22% 18.20% - 51.07%
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)
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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.070000 0.000000 0.070000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.070000 0.000000 0.070000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.070000 0.000000 0.070000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.070000 0.000000 0.070000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.075000 0.000000 0.075000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.075000 0.000000 0.075000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.075000 0.000000 0.075000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.075000 0.000000 0.075000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Oct, 2019 Oct 29, 2019 Oct 30, 2019 Nov 04, 2019 - - -
Nov, 2019 Nov 27, 2019 Nov 28, 2019 Dec 03, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
Download Distribution Tax (Excel)
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 Sep 18, 2019

Stock

99.97%

Cash and Cash Equivalents

0.03%

Number of Holdings

64

Total Net Assets

$ 878,552,501.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.41% SOUTHERN CO/THE US8425871071 SO 588,422 USD 47,532,070 Utilities Stock
5.37% AT&T INC US00206R1023 T 966,544 USD 47,205,367 Communication Services Stock
5.29% VERIZON COMMUNICATIONS INC US92343V1044 VZ 583,579 USD 46,466,310 Communication Services Stock
5.28% FORTIS INC/CANADA CA3495531079 FTS 837,098 CAD 46,417,084 Utilities Stock
5.25% BCE INC CA05534B7604 BCE 720,853 CAD 46,134,592 Communication Services Stock
5.25% EXELON CORP US30161N1019 EXC 724,697 USD 46,158,187 Utilities Stock
5.23% ENBRIDGE INC CA29250N1050 ENB 983,453 CAD 45,956,759 Energy Stock
5.22% DUKE ENERGY CORP US26441C2044 DUK 366,021 USD 45,838,214 Utilities Stock
5.21% PPL CORP US69351T1060 PPL 1,104,197 USD 45,800,868 Utilities Stock
5.18% TELUS CORP CA87971M1032 T 932,457 CAD 45,541,200 Communication Services Stock
5.14% EMERA INC CA2908761018 EMA 793,025 CAD 45,162,774 Utilities Stock
5.13% TC ENERGY CORP CA87807B1076 TRP 670,249 CAD 45,087,650 Energy Stock
5.00% PEMBINA PIPELINE CORP CA7063271034 PPL 892,051 CAD 43,897,830 Energy Stock
4.90% BMO EQUAL WEIGHT UTILITIES INDEX ETF CA05590D1069 ZUT 2,264,439 CAD 43,034,780 - Stock
4.89% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 639,336 CAD 42,944,199 Communication Services Stock
4.08% INTER PIPELINE LTD CA45833V1094 IPL 1,460,584 CAD 35,813,520 Energy Stock
3.55% CANADIAN UTILITIES LTD CA1367178326 CU 804,078 CAD 31,222,349 Utilities Stock
3.36% HYDRO ONE LTD CA4488112083 H 1,218,083 CAD 29,489,789 Utilities Stock
3.02% GIBSON ENERGY INC CA3748252069 GEI 1,125,298 CAD 26,500,768 Energy Stock
2.99% ALTAGAS LTD CA0213611001 ALA 1,329,751 CAD 26,235,987 Utilities Stock
2.69% BROOKFIELD INFRASTRUCTURE PARTNERS LP BMG162521014 BIP 375,000 USD 23,615,865 Utilities Stock
1.85% TRANSALTA CORP CA89346D1078 TA 1,905,095 CAD 16,288,562 Utilities Stock
0.68% BROOKFIELD INFRASTRUCTURE PARTNERS LP BMG162521014 BIP-U 95,200 CAD 5,985,224 Utilities Stock
0.00% ALTAGAS LTD 20Sep2019 21 CALL - ALA 9 C -3,000 CAD -12,000 - Cash and Cash Equivalents
0.00% BMO EQUAL WEIGHT UTILITIES IND 18Oct2019 19 CALL - ZUT 10 -3,000 CAD -33,000 - Cash and Cash Equivalents
0.00% BMO EQUAL WEIGHT UTILITIES IND 20Sep2019 19 CALL - ZUT 9 C -3,000 CAD -24,000 - Cash and Cash Equivalents
0.00% ENBRIDGE INC 20Sep2019 49 CALL - ENB 9 C -2,500 CAD -7,500 - Cash and Cash Equivalents
0.00% PEMBINA PIPELINE CORP 20Sep2019 51 CALL - PPL 9 C -2,200 CAD -14,300 - Cash and Cash Equivalents
0.00% TC ENERGY CORP 20Sep2019 68 CALL - TRP 9 C -1,400 CAD -23,800 - Cash and Cash Equivalents
0.00% TELUS CORP 20Sep2019 50 CALL - T 9 C50 -2,500 CAD -15,000 - Cash and Cash Equivalents
0.00% TRANSALTA CORP 20Sep2019 9 CALL - TA 9 C9 -3,000 CAD -9,000 - Cash and Cash Equivalents
0.00% GIBSON ENERGY INC 20Sep2019 25 CALL - GEI 9 C -2,000 CAD -12,000 - Cash and Cash Equivalents
0.00% ALTAGAS LTD 18Oct2019 21 CALL - ALA 10 -3,000 CAD -24,000 - Cash and Cash Equivalents
0.00% TRANSALTA CORP 18Oct2019 9 CALL - TA 10 C -3,000 CAD -22,500 - Cash and Cash Equivalents
0.00% INTER PIPELINE LTD 18Oct2019 26 CALL - IPL 10 -3,000 CAD -42,000 - Cash and Cash Equivalents
0.00% GIBSON ENERGY INC 18Oct2019 24 CALL - GEI 10 -2,000 CAD -40,000 - Cash and Cash Equivalents
0.00% AT&T INC 20Sep2019 36.5 CALL - T 9 C36 -400 USD -20,195 - Cash and Cash Equivalents
0.00% ROGERS COMMUNICATIONS INC 20Sep2019 73 CALL - RCI 9 C -1,500 CAD -8,250 - Cash and Cash Equivalents
0.00% BROOKFIELD INFRASTRUCTURE PART 20Sep2019 63 CALL - BIP 9 C -1,250 CAD -40,625 - Cash and Cash Equivalents
-0.01% EXELON CORP 20Sep2019 48 CALL - EXC 9 C -1,700 USD -45,172 - Cash and Cash Equivalents
-0.01% EMERA INC 18Oct2019 58 CALL - EMA 10 -2,500 CAD -108,750 - Cash and Cash Equivalents
-0.01% PEMBINA PIPELINE CORP 18Oct2019 50 CALL - PPL 10 -2,500 CAD -120,000 - Cash and Cash Equivalents
-0.01% ROGERS COMMUNICATIONS INC 18Oct2019 70 CALL - RCI 10 -2,000 CAD -61,000 - Cash and Cash Equivalents
-0.01% VERIZON COMMUNICATIONS INC 20Sep2019 60 CALL - VZ 9 C6 -3,100 USD -102,966 - Cash and Cash Equivalents
-0.01% BROOKFIELD INFRASTRUCTURE PART 18Oct2019 64 CALL - BIP 10 -1,000 CAD -52,500 - Cash and Cash Equivalents
-0.01% HYDRO ONE LTD 15Nov2019 24.5 CALL - H 11 C2 -3,000 CAD -120,000 - Cash and Cash Equivalents
-0.02% CANADIAN UTILITIES LTD 20Sep2019 38 CALL - CU 9 C3 -2,000 CAD -175,000 - Cash and Cash Equivalents
-0.02% DUKE ENERGY CORP 20Sep2019 92.5 CALL - DUK 9 C -900 USD -216,429 - Cash and Cash Equivalents
-0.02% TELUS CORP 18Oct2019 49 CALL - T 10 C4 -2,400 CAD -148,800 - Cash and Cash Equivalents
-0.02% AT&T INC 27Sep2019 36.5 CALL - T 9 C36 -2,700 USD -204,472 - Cash and Cash Equivalents
-0.02% ENBRIDGE INC 18Oct2019 47 CALL - ENB 10 -2,500 CAD -182,500 - Cash and Cash Equivalents
-0.02% FORTIS INC/CANADA 18Oct2019 56 CALL - FTS 10 -2,400 CAD -133,200 - Cash and Cash Equivalents
-0.02% HYDRO ONE LTD 18Oct2019 24 CALL - H 10 C2 -3,000 CAD -150,000 - Cash and Cash Equivalents
-0.02% SOUTHERN CO/THE 20Sep2019 60 CALL - SO 9 C6 -1,600 USD -195,570 - Cash and Cash Equivalents
-0.03% CANADIAN UTILITIES LTD 18Oct2019 38 CALL - CU 10 C -2,300 CAD -247,250 - Cash and Cash Equivalents
-0.03% EXELON CORP 18Oct2019 48 CALL - EXC 10 -2,000 USD -231,176 - Cash and Cash Equivalents
-0.03% BCE INC 15Nov2019 64 CALL - BCE 11 -1,800 CAD -225,000 - Cash and Cash Equivalents
-0.04% INTER PIPELINE LTD 20Sep2019 23.5 CALL - IPL 9 C -3,500 CAD -360,500 - Cash and Cash Equivalents
-0.04% DUKE ENERGY CORP 18Oct2019 92.5 CALL - DUK 10 -1,000 USD -364,036 - Cash and Cash Equivalents
-0.05% EMERA INC 20Sep2019 55 CALL - EMA 9 C -2,300 CAD -465,750 - Cash and Cash Equivalents
-0.05% TC ENERGY CORP 18Oct2019 66 CALL - TRP 10 -2,300 CAD -402,500 - Cash and Cash Equivalents
-0.06% FORTIS INC/CANADA 20Sep2019 53 CALL - FTS 9 C -1,990 CAD -500,485 - Cash and Cash Equivalents
-0.08% PPL CORP 18Oct2019 31 CALL - PPL 10 -6,000 USD -669,614 - Cash and Cash Equivalents
0.69% CASH - - 1 CAD 6,053,653 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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