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Overview

Fund Profile

Key Facts

Fund Ticker ZWA
Net Assets (Mn)
(Mar 22, 2019)
$ 277.23
Base Currency CAD
Closing Market Price $ 22.61
12-Month Low/High (Market Price) $ 19.80 / $ 24.26
Closing NAV Price
(Mar 22, 2019)
$ 22.6108
12-Month Low/High (Price (NAV)) $ 19.6780 / $ 24.2770
Annualized Distribution Yield
(Mar 15, 2019)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

4.71%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.71%
Market Volume 77,387
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 12,261
Index -
Market Cap ($Bn)
(Feb 28, 2019)
9,471.86
Exchange TSX
CUSIP 05573X103
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF has been designed to provide exposure to a portfolio of Dow Jones Industrial Average companies, while earning call option premiums. The Fund invests in securities of the Dow Jones Industrial Average, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced to maintain better representation of the broad market and of American industry and options are rolled forward upon expiry. In addition, as ZWA may hold other underlying ETFs, the management fees charged are reduced by the management fees paid on the underlying ETFs, thereby not duplicating the management fees.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of U.S. industry leading companies
  • Call option writing reduces volatility
  • Currency is hedged back to Canadian dollars
  • 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)
(Mar 22, 2019)
$ 277.23
Market Price $ 22.61
12-Month Low/High (Market Price) $ 19.80 / $ 24.26
Price (NAV) $ 22.6108
12-Month Low/High (Price (NAV)) $ 19.6780 / $ 24.2770
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 22.61 $ -0.42 -1.82%
Price (NAV) $ 22.6108 $ -0.3703 -1.61%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 28, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.75% 9.68% 14.19% 8.86% - 11.20%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 28, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011
NAV 10.28% -6.12% 22.02% 12.00% -0.62% 7.69% 25.08% 8.61% 6.25%
Index - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Feb 28, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 10.28% 3.45% 0.95% -0.67% 3.75% 20.30% 48.90% 52.87% - 118.54%
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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.085000 0.000000 0.085000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.090000 0.000000 0.090000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.090000 0.000000 0.090000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 - - -
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 - - -
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 - - -
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 - - -
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 - - -
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 - - -
Download Distribution Tax (Excel)
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 Mar 22, 2019

Stock

101.44%

Cash and Cash Equivalents

-1.44%

Number of Holdings

61

Total Net Assets

$ 277,231,509.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
9.77% BOEING CO/THE US0970231058 BA 55,691 USD 27,081,735 Industrials Stock
6.66% UNITEDHEALTH GROUP INC US91324P1021 UNH 55,690 USD 18,476,146 Health Care Stock
5.52% 3M CO US88579Y1010 MMM 55,690 USD 15,303,444 Industrials Stock
5.15% APPLE INC US0378331005 AAPL 55,690 USD 14,285,757 Information Technology Stock
5.10% GOLDMAN SACHS GROUP INC/THE US38141G1040 GS 55,691 USD 14,129,731 Financials Stock
5.09% HOME DEPOT INC/THE US4370761029 HD 55,690 USD 14,113,774 Consumer Discretionary Stock
5.04% MCDONALD'S CORP US5801351017 MCD 55,690 USD 13,968,711 Consumer Discretionary Stock
4.13% VISA INC US92826C8394 V 55,690 USD 11,445,804 Information Technology Stock
3.76% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 55,690 USD 10,427,369 Information Technology Stock
3.69% JOHNSON & JOHNSON US4781601046 JNJ 55,690 USD 10,237,440 Health Care Stock
3.64% TRAVELERS COS INC/THE US89417E1091 TRV 55,690 USD 10,087,143 Financials Stock
3.50% CATERPILLAR INC US1491231015 CAT 55,690 USD 9,703,547 Industrials Stock
3.38% UNITED TECHNOLOGIES CORP US9130171096 UTX 55,690 USD 9,358,087 Industrials Stock
3.32% CHEVRON CORP US1667641005 CVX 55,690 USD 9,204,050 Energy Stock
3.16% MICROSOFT CORP US5949181045 MSFT 55,690 USD 8,752,409 Information Technology Stock
2.95% AMERICAN EXPRESS CO US0258161092 AXP 55,690 USD 8,184,867 Financials Stock
2.92% WALT DISNEY CO/THE US2546871060 DIS 55,690 USD 8,092,894 Communication Services Stock
2.74% PROCTER & GAMBLE CO/THE US7427181091 PG 55,690 USD 7,601,623 Consumer Staples Stock
2.69% JPMORGAN CHASE & CO US46625H1005 JPM 55,690 USD 7,459,550 Financials Stock
2.65% WALMART INC US9311421039 WMT 55,690 USD 7,348,883 Consumer Staples Stock
2.22% MERCK & CO INC US58933Y1055 MRK 55,690 USD 6,153,232 Health Care Stock
2.22% NIKE INC US6541061031 NKE 55,690 USD 6,145,754 Consumer Discretionary Stock
2.17% EXXON MOBIL CORP US30231G1022 XOM 55,690 USD 6,017,889 Energy Stock
1.68% WALGREENS BOOTS ALLIANCE INC US9314271084 WBA 55,690 USD 4,666,705 Consumer Staples Stock
1.61% VERIZON COMMUNICATIONS INC US92343V1044 VZ 55,690 USD 4,468,552 Communication Services Stock
1.45% DOWDUPONT INC US26078J1007 DWDP 55,690 USD 4,031,866 Materials Stock
1.44% INTEL CORP US4581401001 INTC 55,690 USD 3,982,515 Information Technology Stock
1.42% CISCO SYSTEMS INC US17275R1023 CSCO 55,690 USD 3,943,632 Information Technology Stock
1.24% COCA-COLA CO/THE US1912161007 KO 55,690 USD 3,434,414 Consumer Staples Stock
1.13% PFIZER INC US7170811035 PFE 55,690 USD 3,129,332 Health Care Stock
0.00% AMERICAN EXPRESS CO 22MAR19 113 CALL - AXP 3 C -300 USD -2,820 - Cash and Cash Equivalents
0.00% DOWDUPONT INC 22MAR19 58.5 CALL - DWDP 3 -300 USD -806 - Cash and Cash Equivalents
0.00% INTEL CORP 22MAR19 56 CALL - INTC 3 -300 USD -1,611 - Cash and Cash Equivalents
0.00% NIKE INC 22MAR19 90 CALL - NKE 3 C -300 USD -403 - Cash and Cash Equivalents
0.00% WALMART INC 22MAR19 104 CALL - WMT 3 C -300 USD -1,208 - Cash and Cash Equivalents
0.00% WALT DISNEY CO/THE 22MAR19 119 CALL - DIS 3 C -300 USD -806 - Cash and Cash Equivalents
0.00% COCA-COLA CO/THE 12APR19 47 CALL - KO 4 C4 -300 USD -8,459 - Cash and Cash Equivalents
0.00% EXXON MOBIL CORP 12APR19 83.5 CALL - XOM 4 C -300 USD -11,279 - Cash and Cash Equivalents
0.00% JPMORGAN CHASE + CO 12APR19 109 CALL - JPM 4 C -300 USD -2,417 - Cash and Cash Equivalents
0.00% PFIZER INC 5APR19 43.5 CALL - PFE 4 C -300 USD -5,639 - Cash and Cash Equivalents
0.00% CATERPILLAR INC 12APR19 141 CALL - CAT 4 C -300 USD -11,681 - Cash and Cash Equivalents
0.00% CISCO SYSTEMS INC 18APR19 55 CALL - CSCO 4 -300 USD -9,667 - Cash and Cash Equivalents
0.00% GOLDMAN SACHS GROUP INC/THE 18APR19 215 CALL - GS 4 C2 -300 USD -10,473 - Cash and Cash Equivalents
-0.01% VISA INC 22MAR19 152.5 CALL - V 3 C15 -300 USD -33,433 - Cash and Cash Equivalents
-0.01% UNITED TECHNOLOGIES CORP 12APR19 129 CALL - UTX 4 C -300 USD -35,850 - Cash and Cash Equivalents
-0.01% WALGREENS BOOTS ALLIANCE INC 12APR19 65.5 CALL - WBA 4 C -300 USD -29,204 - Cash and Cash Equivalents
-0.01% PROCTER + GAMBLE CO/THE 5APR19 104 CALL - PG 4 C1 -300 USD -17,724 - Cash and Cash Equivalents
-0.01% JOHNSON + JOHNSON 12APR19 141 CALL - JNJ 4 C -300 USD -23,363 - Cash and Cash Equivalents
-0.01% MERCK + CO INC 12APR19 83.5 CALL - MRK 4 C -300 USD -27,592 - Cash and Cash Equivalents
-0.01% TRAVELERS COS INC/THE 18APR19 140 CALL - TRV 4 C -300 USD -32,225 - Cash and Cash Equivalents
-0.01% UNITEDHEALTH GROUP INC 12APR19 265 CALL - UNH 4 C -300 USD -22,155 - Cash and Cash Equivalents
-0.02% CHEVRON CORP 12APR19 126 CALL - CVX 4 C -300 USD -42,698 - Cash and Cash Equivalents
-0.02% VERIZON COMMUNICATIONS INC 12APR19 59 CALL - VZ 4 C5 -300 USD -53,977 - Cash and Cash Equivalents
-0.02% BOEING CO/THE 12APR19 400 CALL - BA 4 C4 -300 USD -46,726 - Cash and Cash Equivalents
-0.02% MICROSOFT CORP 18APR19 120 CALL - MSFT 4 -300 USD -52,365 - Cash and Cash Equivalents
-0.03% 3M CO 12APR19 210 CALL - MMM 4 C -300 USD -72,506 - Cash and Cash Equivalents
-0.03% INTERNATIONAL BUSINESS MACHINE 12APR19 140 CALL - IBM 4 C -300 USD -95,869 - Cash and Cash Equivalents
-0.03% MCDONALD'S CORP 12APR19 190 CALL - MCD 4 C -300 USD -79,756 - Cash and Cash Equivalents
-0.04% HOME DEPOT INC/THE 12APR19 190 CALL - HD 4 C1 -300 USD -116,412 - Cash and Cash Equivalents
-0.12% APPLE INC 12APR19 185 CALL - AAPL 4 -300 USD -346,417 - Cash and Cash Equivalents
-1.01% CASH - - 1 CAD -2,809,862 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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