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Overview

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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Price & Performance

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

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 - - - - - -
Calendar Performance

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 - - - - - - - - - -
Cumulative Performance

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 - - - - - - - - - -

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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.

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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 - - -
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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 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)
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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

Holdings Breakdown

Sector Allocation

Geographic Allocation

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