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 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 ($Bn) (Aug 30, 2019) |
1,338.97 |
| Exchange | TSX |
| CUSIP | 05590N104 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call Utilities ETF has been designed to provide exposure to an equal weight portfolio of utilities, telecoms and pipeline companies, while earning call option premiums. The call options are written out of the money, selected based on the option's implied volatility, and are written in proportion to the securities weight. The option premium provides limited downside protection. The underlying portfolio is rebalanced in June and reconstituted in December. Options are rolled forward upon expiry. In addition, as ZWU is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of utilities, including telecommunications and pipeline companies
- Call option writing reduces volatility
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Growth of 10,000
Performance Details
| Fund Total Assets ($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
Calendar Performance
Cumulative 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 | - | - | - | - | - | - |
| Aug 30, 2019 |
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 | - | - | - | - | - | - | - | - | - |
| Aug 30, 2019 |
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 | - | - | - | - | - | - | - | - | - | - |
| Aug 30, 2019 |
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Distribution History
| 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 | - | - | - |
| Year to Date | 0.580000 | 0.000000 | 0.580000 |
| 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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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)
| 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 |
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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.