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) (Feb 14, 2020) |
$ 934.25 |
| Base Currency | CAD |
| Closing Market Price | $ 14.70 |
| 12-Month Low/High (Market Price) | $ 12.94 / $ 14.70 |
| Closing NAV Price (Feb 14, 2020) |
$ 14.6961 |
| 12-Month Low/High (Price (NAV)) | $ 12.9293 / $ 14.6961 |
| Annualized Distribution Yield (Feb 07, 2020) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
6.19% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.71% |
| Market Volume | 222,907 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Oct 20, 2011 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 63,571 |
| Index | - |
| Market Cap ($Bn) (Jan 31, 2020) |
1,421.76 |
| Exchange | TSX |
| CUSIP | 05590N104 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call Utilities ETF has been designed to provide exposure to an equal weight portfolio of utilities, telecoms and pipeline companies, while earning call option premiums. The call options are written out of the money, selected based on the option's implied volatility, and are written in proportion to the securities weight. The option premium provides limited downside protection. The underlying portfolio is rebalanced in June and reconstituted in December. Options are rolled forward upon expiry. In addition, as ZWU is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of utilities, including telecommunications and pipeline companies
- Call option writing reduces volatility
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Growth of 10,000
Performance Details
| Fund Total Assets ($Mn) (Feb 14, 2020) |
$ 934.25 |
|---|---|
| Market Price | $ 14.70 |
| 12-Month Low/High (Market Price) | $ 12.94 / $ 14.70 |
| Price (NAV) | $ 14.6961 |
| 12-Month Low/High (Price (NAV)) | $ 12.9293 / $ 14.6961 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Feb 14, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 14.70 | $ 0.03 | 0.20% |
| Price (NAV) | $ 14.6961 | $ 0.0345 | 0.24% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Jan 31, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 20.10% | 11.99% | 8.34% | 5.36% | - | 6.12% |
| Index | - | - | - | - | - | - |
| Jan 31, 2020 |
Calendar Year Performance (%) for period ending: Jan 31, 2020
| YTD | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.50% | 23.40% | -5.59% | 5.68% | 19.52% | -15.24% | 14.39% | 1.63% | 3.88% | 4.97% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Jan 31, 2020 |
Cumulative Performance (%) for period ending: Jan 31, 2020
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.50% | 3.50% | 6.99% | 11.86% | 20.10% | 25.42% | 27.18% | 29.82% | - | 63.64% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Jan 31, 2020 |
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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, 2020 | Jan 29, 2020 | Jan 30, 2020 | Feb 04, 2020 | 0.080000 | - | 0.080000 |
| Feb, 2020 | Feb 26, 2020 | Feb 27, 2020 | Mar 03, 2020 | - | - | - |
| Mar, 2020 | Mar 27, 2020 | Mar 30, 2020 | Apr 02, 2020 | - | - | - |
| Apr, 2020 | Apr 28, 2020 | Apr 29, 2020 | May 04, 2020 | - | - | - |
| May, 2020 | May 27, 2020 | May 28, 2020 | Jun 02, 2020 | - | - | - |
| Jun, 2020 | Jun 26, 2020 | Jun 29, 2020 | Jul 06, 2020 | - | - | - |
| Jul, 2020 | Jul 29, 2020 | Jul 30, 2020 | Aug 05, 2020 | - | - | - |
| Aug, 2020 | Aug 27, 2020 | Aug 28, 2020 | Sep 02, 2020 | - | - | - |
| Sep, 2020 | Sep 28, 2020 | Sep 29, 2020 | Oct 02, 2020 | - | - | - |
| Oct, 2020 | Oct 28, 2020 | Oct 29, 2020 | Nov 03, 2020 | - | - | - |
| Nov, 2020 | Nov 26, 2020 | Nov 30, 2020 | Dec 02, 2020 | - | - | - |
| Dec, 2020 | Dec 29, 2020 | Dec 30, 2020 | Jan 05, 2021 | - | - | - |
| Year to Date | 0.080000 | 0.000000 | 0.080000 |
| 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 Feb 13, 2020
Stock
100.84%
Cash and Cash Equivalents
-0.84%
Number of Holdings
62
Total Net Assets
$ 934,246,409.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 5.55% | BMO EQUAL WEIGHT UTILITIES INDEX ETF | CA05590D1069 | ZUT | 2,260,315 | CAD | 51,754,297 | - | Stock |
| 5.55% | ENBRIDGE INC | CA29250N1050 | ENB | 927,248 | CAD | 51,694,076 | Energy | Stock |
| 5.42% | TELUS CORP | CA87971M1032 | T | 926,535 | CAD | 50,523,954 | Communication Services | Stock |
| 5.39% | PPL CORP | US69351T1060 | PPL | 1,044,965 | USD | 50,279,902 | Utilities | Stock |
| 5.36% | TC ENERGY CORP | CA87807B1076 | TRP | 676,633 | CAD | 50,003,179 | Energy | Stock |
| 5.24% | FORTIS INC/CANADA | CA3495531079 | FTS | 834,956 | CAD | 48,794,829 | Utilities | Stock |
| 5.22% | DUKE ENERGY CORP | US26441C2044 | DUK | 366,302 | USD | 48,634,242 | Utilities | Stock |
| 5.20% | PEMBINA PIPELINE CORP | CA7063271034 | PPL | 920,584 | CAD | 48,459,542 | Energy | Stock |
| 5.12% | EXELON CORP | US30161N1019 | EXC | 725,593 | USD | 47,702,089 | Utilities | Stock |
| 5.10% | AT&T INC | US00206R1023 | T | 935,231 | USD | 47,517,813 | Communication Services | Stock |
| 5.07% | SOUTHERN CO/THE | US8425871071 | SO | 511,890 | USD | 47,210,297 | Utilities | Stock |
| 5.06% | EMERA INC | CA2908761018 | EMA | 800,579 | CAD | 47,202,138 | Utilities | Stock |
| 5.01% | BCE INC | CA05534B7604 | BCE | 727,723 | CAD | 46,683,430 | Communication Services | Stock |
| 4.88% | VERIZON COMMUNICATIONS INC | US92343V1044 | VZ | 584,433 | USD | 45,459,865 | Communication Services | Stock |
| 4.74% | ROGERS COMMUNICATIONS INC | CA7751092007 | RCI/B | 670,466 | CAD | 44,143,481 | Communication Services | Stock |
| 3.79% | HYDRO ONE LTD | CA4488112083 | H | 1,229,687 | CAD | 35,365,798 | Utilities | Stock |
| 3.64% | BROOKFIELD INFRASTRUCTURE PARTNERS LP | BMG162521014 | BIP-U | 462,426 | CAD | 33,914,323 | Utilities | Stock |
| 3.59% | CANADIAN UTILITIES LTD | CA1367178326 | CU | 803,227 | CAD | 33,430,308 | Utilities | Stock |
| 3.41% | INTER PIPELINE LTD | CA45833V1094 | IPL | 1,474,498 | CAD | 31,819,667 | Energy | Stock |
| 3.20% | ALTAGAS LTD | CA0213611001 | ALA | 1,367,462 | CAD | 29,796,997 | Utilities | Stock |
| 3.18% | GIBSON ENERGY INC | CA3748252069 | GEI | 1,062,424 | CAD | 29,641,630 | Energy | Stock |
| 2.13% | TRANSALTA CORP | CA89346D1078 | TA | 1,856,876 | CAD | 19,868,573 | Utilities | Stock |
| 0.00% | GIBSON ENERGY INC 21Feb2020 28 CALL | - | GEI 2 C28 | -2,000 | CAD | -35,000 | - | Cash and Cash Equivalents |
| 0.00% | INTER PIPELINE LTD 21Feb2020 23.5 CALL | - | IPL 2 C23.5 | -3,500 | CAD | -15,750 | - | Cash and Cash Equivalents |
| 0.00% | ROGERS COMMUNICATIONS INC 21Feb2020 68 CALL | - | RCI 2 C68 | -2,000 | CAD | -8,000 | - | Cash and Cash Equivalents |
| 0.00% | INTER PIPELINE LTD 20Mar2020 23 CALL | - | IPL 3 C23 | -3,000 | CAD | -45,000 | - | Cash and Cash Equivalents |
| 0.00% | ROGERS COMMUNICATIONS INC 20Mar2020 68 CALL | - | RCI 3 C68 | -1,600 | CAD | -33,600 | - | Cash and Cash Equivalents |
| 0.00% | EMERA INC 20Mar2020 62 CALL | - | EMA 3 C62 | -2,500 | CAD | -21,250 | - | Cash and Cash Equivalents |
| 0.00% | VERIZON COMMUNICATIONS INC 06Mar2020 62 CALL | - | VZ 3 C62 | -3,100 | USD | -24,668 | - | Cash and Cash Equivalents |
| -0.01% | GIBSON ENERGY INC 20Mar2020 29 CALL | - | GEI 3 C29 | -4,000 | CAD | -90,000 | - | Cash and Cash Equivalents |
| -0.01% | PPL CORP 21Feb2020 37 CALL | - | PPL 2 C37 | -6,000 | USD | -119,362 | - | Cash and Cash Equivalents |
| -0.01% | EMERA INC 20Mar2020 61 CALL | - | EMA 3 C61 | -2,300 | CAD | -62,100 | - | Cash and Cash Equivalents |
| -0.01% | ENBRIDGE INC 20Mar2020 58 CALL | - | ENB 3 C58 | -2,500 | CAD | -55,000 | - | Cash and Cash Equivalents |
| -0.01% | ENBRIDGE INC 06Mar2020 57 CALL | - | 1ENB 3 C57 | -2,500 | CAD | -65,000 | - | Cash and Cash Equivalents |
| -0.02% | BCE INC 21Feb2020 63 CALL | - | BCE 2 C63 | -1,800 | CAD | -221,400 | - | Cash and Cash Equivalents |
| -0.02% | CANADIAN UTILITIES LTD 20Mar2020 41 CALL | - | CU 3 C41 | -2,000 | CAD | -195,000 | - | Cash and Cash Equivalents |
| -0.02% | BCE INC 20Mar2020 64 CALL | - | BCE 3 C64 | -2,100 | CAD | -199,500 | - | Cash and Cash Equivalents |
| -0.02% | BROOKFIELD INFRASTRUCTURE PART 21Feb2020 72 CALL | - | BIP 2 C72 | -1,300 | CAD | -185,250 | - | Cash and Cash Equivalents |
| -0.02% | CANADIAN UTILITIES LTD 21Feb2020 41 CALL | - | CU 2 C41 | -2,300 | CAD | -184,000 | - | Cash and Cash Equivalents |
| -0.02% | PEMBINA PIPELINE CORP 20Mar2020 52 CALL | - | PPL 3 C52 | -2,200 | CAD | -207,900 | - | Cash and Cash Equivalents |
| -0.02% | TC ENERGY CORP 20Mar2020 74 CALL | - | TRP 3 C74 | -2,000 | CAD | -176,000 | - | Cash and Cash Equivalents |
| -0.02% | TELUS CORP 21Feb2020 53 CALL | - | T 2 C53 | -1,000 | CAD | -157,500 | - | Cash and Cash Equivalents |
| -0.02% | AT&T INC 06Mar2020 39 CALL | - | T 3 C39 | -5,000 | USD | -212,200 | - | Cash and Cash Equivalents |
| -0.03% | ALTAGAS LTD 21Feb2020 21 CALL | - | ALA 2 C21 | -3,000 | CAD | -255,000 | - | Cash and Cash Equivalents |
| -0.03% | TC ENERGY CORP 21Feb2020 72 CALL | - | TRP 2 C72 | -1,700 | CAD | -289,000 | - | Cash and Cash Equivalents |
| -0.03% | ALTAGAS LTD 20Mar2020 21 CALL | - | ALA 3 C21 | -3,000 | CAD | -270,000 | - | Cash and Cash Equivalents |
| -0.03% | FORTIS INC/CANADA 20Mar2020 57 CALL | - | FTS 3 C57 | -2,200 | CAD | -323,400 | - | Cash and Cash Equivalents |
| -0.03% | SOUTHERN CO/THE 28Feb2020 68.5 CALL | - | SO 2 C68.5 | -1,600 | USD | -246,152 | - | Cash and Cash Equivalents |
| -0.04% | SOUTHERN CO/THE 21Feb2020 67.5 CALL | - | SO 2 C67.5 | -1,500 | USD | -405,832 | - | Cash and Cash Equivalents |
| -0.04% | BMO EQUAL WEIGHT UTILITIES IND 17Apr2020 21.75 CALL | - | ZUT 4 C21.75 | -3,000 | CAD | -345,000 | - | Cash and Cash Equivalents |
| -0.05% | TELUS CORP 21Feb2020 52 CALL | - | T 2 C52 | -1,900 | CAD | -465,500 | - | Cash and Cash Equivalents |
| -0.05% | BROOKFIELD INFRASTRUCTURE PART 20Mar2020 70 CALL | - | BIP 3 C70 | -1,300 | CAD | -438,750 | - | Cash and Cash Equivalents |
| -0.05% | DUKE ENERGY CORP 20Mar2020 100 CALL | - | DUK 3 C100 | -2,000 | USD | -442,967 | - | Cash and Cash Equivalents |
| -0.06% | BMO EQUAL WEIGHT UTILITIES IND 20Mar2020 21 CALL | - | ZUT 3 C21 | -3,000 | CAD | -570,000 | - | Cash and Cash Equivalents |
| -0.07% | HYDRO ONE LTD 21Feb2020 26.5 CALL | - | H 2 C26.5 | -3,000 | CAD | -682,500 | - | Cash and Cash Equivalents |
| -0.07% | TELUS CORP 20Mar2020 52 CALL | - | T 3 C52 | -2,400 | CAD | -633,600 | - | Cash and Cash Equivalents |
| -0.08% | PEMBINA PIPELINE CORP 21Feb2020 50 CALL | - | PPL 2 C50 | -2,900 | CAD | -762,700 | - | Cash and Cash Equivalents |
| -0.08% | EXELON CORP 21Feb2020 48 CALL | - | EXC 2 C48 | -3,700 | USD | -790,047 | - | Cash and Cash Equivalents |
| -0.09% | FORTIS INC/CANADA 21Feb2020 55 CALL | - | FTS 2 C55 | -2,400 | CAD | -840,000 | - | Cash and Cash Equivalents |
| -0.09% | HYDRO ONE LTD 20Mar2020 26.5 CALL | - | H 3 C26.5 | -3,500 | CAD | -805,000 | - | Cash and Cash Equivalents |
| -0.10% | TRANSALTA CORP | - | - | -8,000 | CAD | -940,000 | - | Cash and Cash Equivalents |
| 0.43% | CASH | - | - | 1 | CAD | 3,969,265 | - | 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.