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 Aug 15, 2022, 1 Day Change, 1 Day % Change
Unit Price as of
(Aug 15, 2022)
1 Day Change 1 Day % Change
Market Price $ 12.99 $ 0.04 0.31%
Price (NAV) $ 13.0026 $ 0.0394 0.30%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jul 29, 2022

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 7.37% 12.06% 6.67% 5.79% 5.38% 5.47%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jul 29, 2022

Table for calendar performance. For period ending
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013
NAV 4.43% 15.77% -7.11% 23.40% -5.59% 5.68% 19.52% -15.24% 14.39% 1.63%
Index - - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jul 29, 2022

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 4.43% 2.91% 0.83% 3.42% 7.37% 25.57% 21.37% 32.53% 68.95% 77.56%
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, 2022 Jan 27, 2022 Jan 28, 2022 Feb 02, 2022 0.080000 0.000000 0.080000
Feb, 2022 Feb 24, 2022 Feb 25, 2022 Mar 02, 2022 0.080000 0.000000 0.080000
Mar, 2022 Mar 29, 2022 Mar 30, 2022 Apr 04, 2022 0.080000 0.000000 0.080000
Apr, 2022 Apr 27, 2022 Apr 28, 2022 May 03, 2022 0.080000 0.000000 0.080000
May, 2022 May 27, 2022 May 30, 2022 Jun 03, 2022 0.080000 0.000000 0.080000
Jun, 2022 Jun 28, 2022 Jun 29, 2022 Jul 05, 2022 0.080000 0.000000 0.080000
Jul, 2022 Jul 27, 2022 Jul 28, 2022 Aug 03, 2022 0.080000 0.000000 0.080000
Aug, 2022 Aug 29, 2022 Aug 30, 2022 Sep 02, 2022 - - -
Sep, 2022 Sep 28, 2022 Sep 29, 2022 Oct 05, 2022 - - -
Oct, 2022 Oct 27, 2022 Oct 28, 2022 Nov 02, 2022 - - -
Nov, 2022 Nov 28, 2022 Nov 29, 2022 Dec 02, 2022 - - -
Dec, 2022 Dec 28, 2022 Dec 29, 2022 Jan 03, 2023 - - -
Download Distribution Tax (Excel)
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 Aug 15, 2022

Stock

100.22%

Cash and Cash Equivalents

-0.22%

Number of Holdings

76

Total Net Assets

$ 1,743,919,032.00


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
6.28% BMO EQUAL WEIGHT UTILITIES INDEX ETF CA05590D1069 ZUT 3,991,667 CAD 109,485,398 - Stock
5.12% PEMBINA PIPELINE CORP CA7063271034 PPL 1,864,890 CAD 89,290,933 Energy Stock
5.00% FORTIS INC/CANADA CA3495531079 FTS 1,434,846 CAD 87,109,501 Utilities Stock
4.97% ENBRIDGE INC CA29250N1050 ENB 1,570,164 CAD 86,610,246 Energy Stock
4.96% PPL CORP US69351T1060 PPL 2,190,638 USD 86,516,816 Utilities Stock
4.89% SOUTHERN CO/THE US8425871071 SO 843,519 USD 85,320,463 Utilities Stock
4.79% TC ENERGY CORP CA87807B1076 TRP 1,287,881 CAD 83,544,840 Energy Stock
4.79% BCE INC CA05534B7604 BCE 1,287,832 CAD 83,515,905 Communication Services Stock
4.66% TELUS CORP CA87971M1032 T 2,700,982 CAD 81,299,558 Communication Services Stock
4.62% EXELON CORP US30161N1019 EXC 1,335,911 USD 80,519,838 Utilities Stock
4.60% DUKE ENERGY CORP US26441C2044 DUK 560,141 USD 80,232,545 Utilities Stock
4.14% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 1,229,851 CAD 72,278,343 Communication Services Stock
4.12% NEXTERA ENERGY INC US65339F1012 NEE 611,974 USD 71,875,826 Utilities Stock
4.02% EMERA INC CA2908761018 EMA 1,138,379 CAD 70,158,298 Utilities Stock
3.97% VERIZON COMMUNICATIONS INC US92343V1044 VZ 1,177,667 USD 69,249,191 Communication Services Stock
3.80% KINDER MORGAN INC US49456B1017 KMI 2,765,551 USD 66,282,985 Energy Stock
3.59% AT&T INC US00206R1023 T 2,636,493 USD 62,577,302 Communication Services Stock
3.46% ALGONQUIN POWER & UTILITIES CORP CA0158571053 AQN 3,215,365 CAD 60,352,401 Utilities Stock
3.44% NORTHLAND POWER INC CA6665111002 NPI 1,311,322 CAD 59,992,982 Utilities Stock
3.39% CANADIAN UTILITIES LTD CA1367178326 CU 1,452,455 CAD 59,071,345 Utilities Stock
3.36% HYDRO ONE LTD CA4488112083 H 1,640,730 CAD 58,574,061 Utilities Stock
3.21% ALTAGAS LTD CA0213611001 ALA 1,938,277 CAD 55,899,909 Utilities Stock
3.10% BROOKFIELD INFRASTRUCTURE PARTNERS LP BMG162521014 BIP-U 1,015,230 CAD 53,989,931 Utilities Stock
1.95% TRANSALTA CORP CA89346D1078 TA 2,640,458 CAD 34,035,504 Utilities Stock
0.00% ALTAGAS LTD 19Aug2022 30 CALL - ALA 8 C30 -2,100 CAD -4,200 - Cash and Cash Equivalents
0.00% TRANSALTA CORP 16Sep2022 16 CALL - TA 9 C16 -1,400 CAD -4,900 - Cash and Cash Equivalents
0.00% ROGERS COMMUNICATIONS INC 19Aug2022 68 CALL - RCI 8 C68 -3,200 CAD -6,400 - Cash and Cash Equivalents
0.00% PEMBINA PIPELINE CORP 19Aug2022 50 CALL - PPL 8 C50 -3,200 CAD -11,200 - Cash and Cash Equivalents
0.00% TC ENERGY CORP 16Sep2022 72 CALL - TRP 9 C72 -3,100 CAD -13,950 - Cash and Cash Equivalents
0.00% TELUS CORP 19Aug2022 31 CALL - T 8 C31 -4,900 CAD -14,700 - Cash and Cash Equivalents
0.00% TC ENERGY CORP 19Aug2022 72 CALL - TRP 8 C72 -3,800 CAD -15,200 - Cash and Cash Equivalents
0.00% BCE INC 19Aug2022 66 CALL - BCE 8 C66 -3,400 CAD -17,000 - Cash and Cash Equivalents
0.00% FORTIS INC/CANADA 19Aug2022 62 CALL - FTS 8 C62 -3,700 CAD -18,500 - Cash and Cash Equivalents
0.00% TRANSALTA CORP 19Aug2022 15.5 CALL - TA 8 C15.5 -2,100 CAD -18,900 - Cash and Cash Equivalents
0.00% ENBRIDGE INC 19Aug2022 58 CALL - ENB 8 C58 -4,300 CAD -21,500 - Cash and Cash Equivalents
0.00% FORTIS INC/CANADA 16Sep2022 64 CALL - FTS 9 C64 -3,600 CAD -21,600 - Cash and Cash Equivalents
0.00% ROGERS COMMUNICATIONS INC 16Sep2022 65 CALL - RCI 9 C65 -3,200 CAD -22,400 - Cash and Cash Equivalents
0.00% ALTAGAS LTD 02Sep2022 30 CALL - 1ALA 9 C30 -2,400 CAD -22,800 - Cash and Cash Equivalents
0.00% BROOKFIELD INFRASTRUCTURE PART 19Aug2022 54 CALL - BIP 8 C54 -1,300 CAD -24,050 - Cash and Cash Equivalents
0.00% TRANSALTA CORP 26Aug2022 15.5 CALL - 4TA 8 C15.5 -2,100 CAD -27,300 - Cash and Cash Equivalents
0.00% TELUS CORP 16Sep2022 31 CALL - T 9 C31 -4,600 CAD -34,500 - Cash and Cash Equivalents
0.00% ALTAGAS LTD 16Sep2022 30 CALL - ALA 9 C30 -2,100 CAD -35,700 - Cash and Cash Equivalents
0.00% HYDRO ONE LTD 16Sep2022 37 CALL - H 9 C37 -2,800 CAD -42,000 - Cash and Cash Equivalents
0.00% PEMBINA PIPELINE CORP 16Sep2022 52 CALL - PPL 9 C52 -3,300 CAD -44,550 - Cash and Cash Equivalents
0.00% CANADIAN UTILITIES LTD 21Oct2022 43 CALL - CU 10 C43 -2,000 CAD -49,000 - Cash and Cash Equivalents
0.00% EMERA INC 19Aug2022 62 CALL - EMA 8 C62 -2,300 CAD -50,600 - Cash and Cash Equivalents
0.00% TELUS CORP 26Aug2022 30.5 CALL - 4T 8 C30.5 -4,800 CAD -52,800 - Cash and Cash Equivalents
0.00% ENBRIDGE INC 16Sep2022 58 CALL - ENB 9 C58 -4,500 CAD -72,000 - Cash and Cash Equivalents
0.00% KINDER MORGAN INC 02Sep2022 19 CALL - KMI 9 C19 -3,300 USD -76,665 - Cash and Cash Equivalents
0.00% ALGONQUIN POWER & UTILITIES CO 02Sep2022 19 CALL - 1AQN 9 C19 -4,400 CAD -79,200 - Cash and Cash Equivalents
-0.01% EMERA INC 16Sep2022 63 CALL - EMA 9 C63 -2,100 CAD -95,550 - Cash and Cash Equivalents
-0.01% PEMBINA PIPELINE CORP 16Sep2022 50 CALL - PPL 9 C50 -3,200 CAD -96,000 - Cash and Cash Equivalents
-0.01% CANADIAN UTILITIES LTD 16Sep2022 41 CALL - CU 9 C41 -2,100 CAD -96,600 - Cash and Cash Equivalents
-0.01% ALGONQUIN POWER & UTILITIES CO 16Sep2022 19 CALL - AQN 9 C19 -4,000 CAD -100,000 - Cash and Cash Equivalents
-0.01% KINDER MORGAN INC 23Sep2022 19.5 CALL - KMI 9 C19.5 -4,300 USD -105,446 - Cash and Cash Equivalents
-0.01% DUKE ENERGY CORP 16Sep2022 115 CALL - DUK 9 C115 -1,400 USD -110,222 - Cash and Cash Equivalents
-0.01% ALGONQUIN POWER & UTILITIES CO 19Aug2022 18.5 CALL - AQN 8 C18.5 -4,100 CAD -133,250 - Cash and Cash Equivalents
-0.01% BCE INC 16Sep2022 66 CALL - BCE 9 C66 -3,400 CAD -136,000 - Cash and Cash Equivalents
-0.01% SOUTHERN CO/THE 02Sep2022 80 CALL - SO 9 C80 -2,200 USD -144,811 - Cash and Cash Equivalents
-0.01% KINDER MORGAN INC 09Sep2022 19 CALL - KMI 9 C19 -7,500 USD -203,277 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT UTILITIES IND 16Sep2022 27 CALL - ZUT 9 C27 -5,000 CAD -222,500 - Cash and Cash Equivalents
-0.01% HYDRO ONE LTD 19Aug2022 35 CALL - H 8 C35 -3,200 CAD -240,000 - Cash and Cash Equivalents
-0.01% BROOKFIELD INFRASTRUCTURE PART 16Sep2022 52 CALL - BIP 9 C52 -1,500 CAD -247,500 - Cash and Cash Equivalents
-0.01% DUKE ENERGY CORP 19Aug2022 110 CALL - DUK 8 C110 -1,400 USD -249,354 - Cash and Cash Equivalents
-0.02% SOUTHERN CO/THE 23Sep2022 81 CALL - SO 9 C81 -2,500 USD -274,263 - Cash and Cash Equivalents
-0.02% EXELON CORP 19Aug2022 46 CALL - EXC 8 C46 -3,600 USD -418,171 - Cash and Cash Equivalents
-0.03% BMO EQUAL WEIGHT UTILITIES IND 19Aug2022 26.5 CALL - ZUT 8 C26.5 -5,000 CAD -462,500 - Cash and Cash Equivalents
-0.03% EXELON CORP 16Sep2022 47 CALL - EXC 9 C47 -3,800 USD -490,447 - Cash and Cash Equivalents
-0.04% BMO EQUAL WEIGHT UTILITIES IND 19Aug2022 26 CALL - ZUT 8 C26 -5,000 CAD -700,000 - Cash and Cash Equivalents
-0.05% NORTHLAND POWER INC 16Sep2022 42 CALL - NPI 9 C42 -2,300 CAD -879,750 - Cash and Cash Equivalents
-0.06% NEXTERA ENERGY INC 16Sep2022 87.5 CALL - NEE 9 C87.5 -1,700 USD -1,009,288 - Cash and Cash Equivalents
-0.06% PPL CORP 16Sep2022 29 CALL - PPL 9 C29 -4,800 USD -1,053,170 - Cash and Cash Equivalents
-0.09% NORTHLAND POWER INC 19Aug2022 40 CALL - NPI 8 C40 -2,700 CAD -1,559,250 - Cash and Cash Equivalents
-0.11% NEXTERA ENERGY INC 19Aug2022 82.5 CALL - NEE 8 C82.5 -1,700 USD -1,843,048 - Cash and Cash Equivalents
-0.12% PPL CORP 19Aug2022 28 CALL - PPL 8 C28 -6,300 USD -2,114,085 - Cash and Cash Equivalents
0.57% CASH - - 1 CAD 9,921,234 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 3 ranges. Ranges are: 55.42%, Utilities.25.3%, Communication Services.19.28%, Energy.

Geographic Allocation

has a donut chart divided into 2 ranges. Ranges are: 65.38%, Canada.34.08%, United States.

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