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) (Dec 02, 2020) |
$ 950.72 |
| Base Currency | CAD |
| Closing Market Price | $ 12.25 |
| 12-Month Low/High (Market Price) | $ 9.18 / $ 14.76 |
| Closing NAV Price (Dec 02, 2020) |
$ 12.2403 |
| 12-Month Low/High (Price (NAV)) | $ 9.1963 / $ 14.7406 |
| Annualized Distribution Yield (Nov 20, 2020) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
7.89% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.72% |
| Market Volume | 352,769 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Oct 20, 2011 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 77,671 |
| Index | - |
| Market Cap ($Bn) (Oct 30, 2020) |
1,199.5 |
| Exchange | TSX |
| CUSIP | 05590N104 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call Utilities ETF has been designed to provide exposure to an equal weight portfolio of utilities, telecoms and pipeline companies, while earning call option premiums. The call options are written out of the money, selected based on the option's implied volatility, and are written in proportion to the securities weight. The option premium provides limited downside protection. The underlying portfolio is rebalanced in June and reconstituted in December. Options are rolled forward upon expiry. In addition, as ZWU is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of utilities, including telecommunications and pipeline companies
- Call option writing reduces volatility
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Growth of 10,000
Performance Details
| Fund Total Assets ($Mn) (Dec 02, 2020) |
$ 950.72 |
|---|---|
| Market Price | $ 12.25 |
| 12-Month Low/High (Market Price) | $ 9.18 / $ 14.76 |
| Price (NAV) | $ 12.2403 |
| 12-Month Low/High (Price (NAV)) | $ 9.1963 / $ 14.7406 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Dec 02, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 12.25 | $ 0.04 | 0.33% |
| Price (NAV) | $ 12.2403 | $ 0.0433 | 0.36% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Nov 30, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | -4.48% | 4.95% | 2.36% | 6.04% | - | 4.41% |
| Index | - | - | - | - | - | - |
| Nov 30, 2020 |
Calendar Year Performance (%) for period ending: Nov 30, 2020
| YTD | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -6.27% | 23.40% | -5.59% | 5.68% | 19.52% | -15.24% | 14.39% | 1.63% | 3.88% | 4.97% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Nov 30, 2020 |
Cumulative Performance (%) for period ending: Nov 30, 2020
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -6.27% | 6.54% | 5.25% | 5.43% | -4.48% | 10.14% | 7.25% | 34.08% | - | 48.20% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Nov 30, 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 | 0.000000 | 0.080000 |
| Feb, 2020 | Feb 26, 2020 | Feb 27, 2020 | Mar 03, 2020 | 0.075000 | 0.000000 | 0.075000 |
| Mar, 2020 | Mar 27, 2020 | Mar 30, 2020 | Apr 02, 2020 | 0.080000 | 0.000000 | 0.080000 |
| Apr, 2020 | Apr 28, 2020 | Apr 29, 2020 | May 04, 2020 | 0.080000 | 0.000000 | 0.080000 |
| May, 2020 | May 27, 2020 | May 28, 2020 | Jun 02, 2020 | 0.080000 | 0.000000 | 0.080000 |
| Jun, 2020 | Jun 26, 2020 | Jun 29, 2020 | Jul 06, 2020 | 0.080000 | 0.000000 | 0.080000 |
| Jul, 2020 | Jul 29, 2020 | Jul 30, 2020 | Aug 05, 2020 | 0.080000 | 0.000000 | 0.080000 |
| Aug, 2020 | Aug 27, 2020 | Aug 28, 2020 | Sep 02, 2020 | 0.080000 | 0.000000 | 0.080000 |
| Sep, 2020 | Sep 28, 2020 | Sep 29, 2020 | Oct 02, 2020 | 0.080000 | 0.000000 | 0.080000 |
| Oct, 2020 | Oct 28, 2020 | Oct 29, 2020 | Nov 03, 2020 | 0.080000 | 0.000000 | 0.080000 |
| Nov, 2020 | Nov 27, 2020 | Nov 30, 2020 | Dec 03, 2020 | 0.080000 | 0.000000 | 0.080000 |
| Dec, 2020 | Dec 29, 2020 | Dec 30, 2020 | Jan 05, 2021 | - | - | - |
| Year to Date | 0.875000 | 0.000000 | 0.875000 |
| 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 Dec 02, 2020
Stock
99.66%
Cash and Cash Equivalents
0.34%
Number of Holdings
73
Total Net Assets
$ 950,719,448.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 6.03% | BMO EQUAL WEIGHT UTILITIES INDEX ETF | CA05590D1069 | ZUT | 2,423,880 | CAD | 57,327,113 | - | Stock |
| 5.85% | PEMBINA PIPELINE CORP | CA7063271034 | PPL | 1,679,458 | CAD | 55,590,060 | Energy | Stock |
| 5.50% | TELUS CORP | CA87971M1032 | T | 2,090,332 | CAD | 52,321,010 | Communication Services | Stock |
| 5.18% | ROGERS COMMUNICATIONS INC | CA7751092007 | RCI/B | 819,221 | CAD | 49,218,798 | Communication Services | Stock |
| 5.09% | ENBRIDGE INC | CA29250N1050 | ENB | 1,163,357 | CAD | 48,349,117 | Energy | Stock |
| 5.05% | TRANSCANADA CORP | CA87807B1076 | TRP | 826,002 | CAD | 48,032,016 | Energy | Stock |
| 5.04% | DUKE ENERGY CORP | US26441C2044 | DUK | 394,805 | USD | 47,893,084 | Utilities | Stock |
| 4.95% | PPL CORP | US69351T1060 | PPL | 1,276,769 | USD | 47,073,604 | Utilities | Stock |
| 4.93% | VERIZON COMMUNICATIONS INC | US92343V1044 | VZ | 591,555 | USD | 46,907,666 | Communication Services | Stock |
| 4.92% | BCE INC | CA05534B7604 | BCE | 830,843 | CAD | 46,751,536 | Communication Services | Stock |
| 4.89% | EXELON CORP | US30161N1019 | EXC | 865,115 | USD | 46,474,766 | Utilities | Stock |
| 4.79% | FORTIS INC/CANADA | CA3495531079 | FTS | 885,937 | CAD | 45,554,881 | Utilities | Stock |
| 4.78% | AT&T INC | US00206R1023 | T | 1,207,764 | USD | 45,403,481 | Communication Services | Stock |
| 4.77% | EMERA INC | CA2908761018 | EMA | 851,452 | CAD | 45,348,334 | Utilities | Stock |
| 4.63% | SOUTHERN CO/THE | US8425871071 | SO | 551,002 | USD | 44,062,266 | Utilities | Stock |
| 4.12% | HYDRO ONE LTD | CA4488112083 | H | 1,356,061 | CAD | 39,203,724 | Utilities | Stock |
| 3.36% | BROOKFIELD INFRASTRUCTURE PARTNERS LP | BMG162521014 | BIP-U | 497,017 | CAD | 31,928,372 | Utilities | Stock |
| 3.26% | CANADIAN UTILITIES LTD | CA1367178326 | CU | 963,091 | CAD | 30,973,007 | Utilities | Stock |
| 2.95% | ALTAGAS LTD | CA0213611001 | ALA | 1,507,273 | CAD | 28,080,496 | Utilities | Stock |
| 2.88% | ALGONQUIN POWER & UTILITIES CORP | CA0158571053 | AQN | 1,342,724 | CAD | 27,351,288 | Utilities | Stock |
| 2.31% | INTER PIPELINE LTD | CA45833V1094 | IPL | 1,645,877 | CAD | 21,972,458 | Energy | Stock |
| 2.13% | GIBSON ENERGY INC | CA3748252069 | GEI | 965,392 | CAD | 20,263,578 | Energy | Stock |
| 2.03% | TRANSALTA CORP | CA89346D1078 | TA | 2,158,997 | CAD | 19,323,023 | Utilities | Stock |
| 0.22% | BROOKFIELD INFRASTRUCTURE CORP | CA11275Q1072 | BIPC | 24,182 | CAD | 2,048,457 | Utilities | Stock |
| 0.00% | CANADIAN UTILITIES LTD | - | - | -2,300 | CAD | -18,400 | - | Cash and Cash Equivalents |
| 0.00% | TC ENERGY CORP 18Dec2020 64 CALL | - | TRP 12 C64 | -2,000 | CAD | -15,000 | - | Cash and Cash Equivalents |
| 0.00% | TRANSALTA CORP | - | - | -3,000 | CAD | -9,000 | - | Cash and Cash Equivalents |
| 0.00% | ALGONQUIN POWER & UTILITIES CO 18Dec2020 21.5 CALL | - | AQN 12 C21.5 | -3,000 | CAD | -15,000 | - | Cash and Cash Equivalents |
| 0.00% | BCE INC 18Dec2020 58.5 CALL | - | BCE 12 C58.5 | -2,200 | CAD | -14,300 | - | Cash and Cash Equivalents |
| 0.00% | FORTIS INC/CANADA | - | - | -2,200 | CAD | -12,100 | - | Cash and Cash Equivalents |
| 0.00% | PPL CORP | - | - | -3,000 | USD | -27,138 | - | Cash and Cash Equivalents |
| 0.00% | TRANSALTA CORP 15Jan2021 10 CALL | - | TA 1 C10 | -3,000 | CAD | -12,000 | - | Cash and Cash Equivalents |
| 0.00% | BMO EQUAL WEIGHT UTILITIES IND 18Dec2020 25 CALL | - | ZUT 12 C25 | -3,000 | CAD | -24,000 | - | Cash and Cash Equivalents |
| 0.00% | BROOKFIELD INFRASTRUCTURE PART 18Dec2020 67 CALL | - | BIP 12 C67 | -1,300 | CAD | -30,550 | - | Cash and Cash Equivalents |
| 0.00% | EMERA INC 18Dec2020 59 CALL | - | EMA 12 C59 | -2,100 | CAD | -7,350 | - | Cash and Cash Equivalents |
| 0.00% | GIBSON ENERGY INC 18Dec2020 25 CALL | - | GEI 12 C25 | -2,000 | CAD | -10,000 | - | Cash and Cash Equivalents |
| 0.00% | HYDRO ONE LTD 18Dec2020 31 CALL | - | H 12 C31 | -3,500 | CAD | -14,000 | - | Cash and Cash Equivalents |
| 0.00% | INTER PIPELINE LTD 18Dec2020 14.5 CALL | - | IPL 12 C14.5 | -3,500 | CAD | -17,500 | - | Cash and Cash Equivalents |
| 0.00% | AT&T INC 11Dec2020 30 CALL | - | T 12 C30 | -3,000 | USD | -27,138 | - | Cash and Cash Equivalents |
| 0.00% | SOUTHERN CO/THE 18Dec2020 65 CALL | - | SO 12 C65 | -900 | USD | -13,957 | - | Cash and Cash Equivalents |
| 0.00% | DUKE ENERGY CORP 18Dec2020 105 CALL | - | DUK 12 C105 | -1,100 | USD | -11,372 | - | Cash and Cash Equivalents |
| 0.00% | EXELON CORP 18Dec2020 46 CALL | - | EXC 12 C46 | -2,000 | USD | -7,754 | - | Cash and Cash Equivalents |
| 0.00% | SOUTHERN CO/THE 24Dec2020 67 CALL | - | SO 12 C67 | -2,000 | USD | -16,800 | - | Cash and Cash Equivalents |
| 0.00% | TRANSALTA CORP 15Jan2021 9.5 CALL | - | TA 1 C9.5 | -4,000 | CAD | -46,000 | - | Cash and Cash Equivalents |
| 0.00% | DUKE ENERGY CORP 18Dec2020 97.5 CALL | - | DUK 12 C97.5 | -900 | USD | -43,034 | - | Cash and Cash Equivalents |
| 0.00% | FORTIS INC/CANADA 15Jan2021 57 CALL | - | FTS 1 C57 | -2,300 | CAD | -27,600 | - | Cash and Cash Equivalents |
| 0.00% | EMERA INC 15Jan2021 58 CALL | - | EMA 1 C58 | -2,300 | CAD | -24,150 | - | Cash and Cash Equivalents |
| 0.00% | EXELON CORP 18Dec2020 45 CALL | - | EXC 12 C45 | -2,500 | USD | -16,154 | - | Cash and Cash Equivalents |
| 0.00% | BROOKFIELD INFRASTRUCTURE PART 15Jan2021 72 CALL | - | BIP 1 C72 | -1,300 | CAD | -13,650 | - | Cash and Cash Equivalents |
| -0.01% | TELUS CORP 18Dec2020 25 CALL | - | T 12 C25 | -4,700 | CAD | -105,750 | - | Cash and Cash Equivalents |
| -0.01% | AT&T INC 18Dec2020 30 CALL | - | T 12 C30 | -3,000 | USD | -54,277 | - | Cash and Cash Equivalents |
| -0.01% | VERIZON COMMUNICATIONS INC 18Dec2020 62.5 CALL | - | VZ 12 C62.5 | -1,400 | USD | -65,132 | - | Cash and Cash Equivalents |
| -0.01% | CANADIAN UTILITIES LTD 15Jan2021 34 CALL | - | CU 1 C34 | -3,600 | CAD | -63,000 | - | Cash and Cash Equivalents |
| -0.01% | HYDRO ONE LTD 15Jan2021 30 CALL | - | H 1 C30 | -3,300 | CAD | -66,000 | - | Cash and Cash Equivalents |
| -0.01% | INTER PIPELINE LTD 15Jan2021 15 CALL | - | IPL 1 C15 | -4,000 | CAD | -60,000 | - | Cash and Cash Equivalents |
| -0.01% | ROGERS COMMUNICATIONS INC 18Dec2020 62 CALL | - | RCI 12 C62 | -2,200 | CAD | -49,500 | - | Cash and Cash Equivalents |
| -0.01% | ALGONQUIN POWER & UTILITIES CO 15Jan2021 21 CALL | - | AQN 1 C21 | -3,000 | CAD | -75,000 | - | Cash and Cash Equivalents |
| -0.01% | ALTAGAS LTD 15Jan2021 19.5 CALL | - | ALA 1 C19.5 | -3,000 | CAD | -76,500 | - | Cash and Cash Equivalents |
| -0.01% | BCE INC 15Jan2021 58 CALL | - | BCE 1 C58 | -2,000 | CAD | -78,000 | - | Cash and Cash Equivalents |
| -0.01% | GIBSON ENERGY INC 15Jan2021 22.5 CALL | - | GEI 1 C22.5 | -2,000 | CAD | -50,000 | - | Cash and Cash Equivalents |
| -0.01% | PPL CORP 15Jan2021 31 CALL | - | PPL 1 C31 | -3,000 | USD | -73,661 | - | Cash and Cash Equivalents |
| -0.01% | ROGERS COMMUNICATIONS INC 15Jan2021 62 CALL | - | RCI 1 C62 | -2,000 | CAD | -129,000 | - | Cash and Cash Equivalents |
| -0.01% | TC ENERGY CORP 15Jan2021 62 CALL | - | TRP 1 C62 | -2,000 | CAD | -90,000 | - | Cash and Cash Equivalents |
| -0.01% | TELUS CORP 15Jan2021 25.5 CALL | - | T 1 C25.5 | -5,000 | CAD | -85,000 | - | Cash and Cash Equivalents |
| -0.01% | ENBRIDGE INC 15Jan2021 44 CALL | - | ENB 1 C44 | -3,000 | CAD | -123,000 | - | Cash and Cash Equivalents |
| -0.01% | PEMBINA PIPELINE CORP 15Jan2021 36 CALL | - | PPL 1 C36 | -3,000 | CAD | -66,000 | - | Cash and Cash Equivalents |
| -0.01% | PEMBINA PIPELINE CORP 18Dec2020 34 CALL | - | PPL 12 C34 | -2,500 | CAD | -111,250 | - | Cash and Cash Equivalents |
| -0.01% | VERIZON COMMUNICATIONS INC 08Jan2021 63 CALL | - | VZ 1 C63 | -1,500 | USD | -106,615 | - | Cash and Cash Equivalents |
| -0.02% | BMO EQUAL WEIGHT UTILITIES IND 15Jan2021 24 CALL | - | ZUT 1 C24 | -5,000 | CAD | -150,000 | - | Cash and Cash Equivalents |
| -0.03% | ALTAGAS LTD | - | - | -3,000 | CAD | -241,500 | - | Cash and Cash Equivalents |
| -0.03% | PEMBINA PIPELINE CORP 18Dec2020 33 CALL | - | PPL 12 C33 | -3,300 | CAD | -285,450 | - | Cash and Cash Equivalents |
| -0.03% | ENBRIDGE INC 15Jan2021 42 CALL | - | ENB 1 C42 | -2,500 | CAD | -252,500 | - | Cash and Cash Equivalents |
| 0.65% | CASH | - | - | 1 | CAD | 6,198,512 | - | 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.