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Overview

Fund Profile

Key Facts

Fund Ticker ZWA
Net Assets (Mn)
(Jan 18, 2019)
$ 278.14
Base Currency CAD
Closing Market Price $ 22.15
12-Month Low/High (Market Price) $ 19.80 / $ 24.67
Closing NAV Price
(Jan 18, 2019)
$ 22.1428
12-Month Low/High (Price (NAV)) $ 19.6780 / $ 24.6770
Annualized Distribution Yield
(Jan 11, 2019)

Annualized Distribution Yield: The most recent regular distribution (excluding year end distributions for those ETFs that distribute more frequently) annualized for frequency divided by current NAV.

4.73%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.71%
Market Volume 32,480
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 12,561
Index -
Market Cap ($Bn)
(Dec 31, 2018)
8,637.49
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)
(Jan 18, 2019)
$ 278.14
Market Price $ 22.15
12-Month Low/High (Market Price) $ 19.80 / $ 24.67
Price (NAV) $ 22.1428
12-Month Low/High (Price (NAV)) $ 19.6780 / $ 24.6770
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 22.15 $ 0.33 1.51%
Price (NAV) $ 22.1428 $ 0.2552 1.17%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Dec 31, 2018

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -6.12% 7.03% 8.66% 6.55% - 9.96%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Dec 31, 2018

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

Cumulative Performance (%) for period ending: Dec 31, 2018

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -6.12% -8.45% -11.40% -3.84% -6.12% 14.54% 28.29% 37.30% - 98.17%
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 - - -
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 - - -
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 - - -
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 Jan 18, 2019

Stock

97.20%

Cash and Cash Equivalents

2.80%

Number of Holdings

71

Total Net Assets

$ 278,135,962.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
9.73% BOEING CO/THE US0970231058 BA 55,893 USD 27,062,221 Industrials Stock
7.08% UNITEDHEALTH GROUP INC US91324P1021 - 55,893 USD 19,699,558 Health Care Stock
5.40% GOLDMAN SACHS GROUP INC/THE US38141G1040 - 55,893 USD 15,028,054 Financials Stock
5.22% 3M CO US88579Y1010 MMM 55,893 USD 14,532,412 Industrials Stock
4.87% MCDONALD'S CORP US5801351017 MCD 55,893 USD 13,546,321 Consumer Discretionary Stock
4.79% HOME DEPOT INC/THE US4370761029 HD 55,893 USD 13,324,469 Consumer Discretionary Stock
4.18% APPLE INC US0378331005 - 55,893 USD 11,635,724 Information Technology Stock
3.69% VISA INC US92826C8394 V 55,893 USD 10,276,417 Information Technology Stock
3.64% CATERPILLAR INC US1491231015 CAT 55,893 USD 10,135,441 Industrials Stock
3.49% JOHNSON & JOHNSON US4781601046 JNJ 55,893 USD 9,696,931 Health Care Stock
3.31% TRAVELERS COS INC/THE US89417E1091 TRV 55,893 USD 9,201,289 Financials Stock
3.30% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 55,893 USD 9,187,191 Information Technology Stock
3.05% CHEVRON CORP US1667641005 CVX 55,893 USD 8,486,020 Energy Stock
3.04% UNITED TECHNOLOGIES CORP US9130171096 UTX 55,893 USD 8,451,147 Industrials Stock
2.96% WALT DISNEY CO/THE US2546871060 - 55,893 USD 8,238,941 Communication Services Stock
2.87% MICROSOFT CORP US5949181045 MSFT 55,893 USD 7,991,862 Information Technology Stock
2.79% JPMORGAN CHASE & CO US46625H1005 JPM 55,893 USD 7,760,364 Financials Stock
2.68% AMERICAN EXPRESS CO US0258161092 AXP 55,893 USD 7,455,411 Financials Stock
2.61% WALMART INC US9311421039 - 55,893 USD 7,251,366 Consumer Staples Stock
2.44% PROCTER & GAMBLE CO/THE US7427181091 PG 55,893 USD 6,783,177 Consumer Staples Stock
2.15% NIKE INC US6541061031 - 55,893 USD 5,969,226 Consumer Discretionary Stock
2.02% MERCK & CO INC US58933Y1055 MRK 55,893 USD 5,629,399 Health Care Stock
1.95% EXXON MOBIL CORP US30231G1022 - 55,893 USD 5,415,709 Energy Stock
1.93% WALGREENS BOOTS ALLIANCE INC US9314271084 WBA 55,893 USD 5,374,158 Consumer Staples Stock
1.55% DOWDUPONT INC US26078J1007 DWDP 55,893 USD 4,307,933 Materials Stock
1.52% VERIZON COMMUNICATIONS INC US92343V1044 VZ 55,893 USD 4,235,961 Communication Services Stock
1.31% INTEL CORP US4581401001 INTC 55,893 USD 3,649,798 Information Technology Stock
1.27% COCA-COLA CO/THE US1912161007 - 55,893 USD 3,532,565 Consumer Staples Stock
1.20% CISCO SYSTEMS INC US17275R1023 - 55,893 USD 3,341,134 Information Technology Stock
1.13% PFIZER INC US7170811035 - 55,893 USD 3,155,639 Health Care Stock
0.00% MCDONALD'S CORP 18JAN19 195 CALL - MCD 1 C -350 USD -1,394 - Cash and Cash Equivalents
0.00% TRAVELERS COS INC/THE 18JAN19 135 CALL - TRV 1 C -350 USD -1,394 - Cash and Cash Equivalents
0.00% COCA-COLA CO/THE 25JAN19 52 CALL - KO 1 C5 -350 USD -1,858 - Cash and Cash Equivalents
0.00% AMERICAN EXPRESS CO 18JAN19 115 CALL - AXP 1 C -60 USD -80 - Cash and Cash Equivalents
0.00% VERIZON COMMUNICATIONS INC 18JAN19 60 CALL - VZ 1 C6 -350 USD -465 - Cash and Cash Equivalents
0.00% AMERICAN EXPRESS CO 18JAN19 105 CALL - AXP 1 C -290 USD -770 - Cash and Cash Equivalents
0.00% PFIZER INC - - -300 USD -6,372 - Cash and Cash Equivalents
0.00% PROCTER + GAMBLE CO/THE - - -300 USD -12,346 - Cash and Cash Equivalents
0.00% WALGREENS BOOTS ALLIANCE INC - - -300 USD -11,151 - Cash and Cash Equivalents
0.00% DOWDUPONT INC 18JAN19 60 CALL - DWDP 1 -250 USD -332 - Cash and Cash Equivalents
0.00% INTEL CORP - - -300 USD -10,753 - Cash and Cash Equivalents
0.00% INTEL CORP 18JAN19 52.5 CALL - INTC 1 -250 USD -664 - Cash and Cash Equivalents
0.00% INTERNATIONAL BUSINESS MACHINE 18JAN19 125 CALL - IBM 1 C -250 USD -332 - Cash and Cash Equivalents
0.00% MICROSOFT CORP 18JAN19 120 CALL - MSFT 1 -250 USD -332 - Cash and Cash Equivalents
0.00% NIKE INC 18JAN19 82.5 CALL - NKE 1 C -250 USD -332 - Cash and Cash Equivalents
0.00% UNITED TECHNOLOGIES CORP 18JAN19 130 CALL - UTX 1 C -250 USD -664 - Cash and Cash Equivalents
0.00% VISA INC 18JAN19 150 CALL - V 1 C15 -250 USD -332 - Cash and Cash Equivalents
0.00% WALMART INC 18JAN19 100 CALL - WMT 1 C -250 USD -332 - Cash and Cash Equivalents
0.00% WALT DISNEY CO/THE 18JAN19 120 CALL - DIS 1 C -250 USD -332 - Cash and Cash Equivalents
-0.01% CHEVRON CORP - - -300 USD -31,860 - Cash and Cash Equivalents
-0.01% CISCO SYSTEMS INC 15FEB19 46 CALL - CSCO 2 -300 USD -37,037 - Cash and Cash Equivalents
-0.01% EXXON MOBIL CORP - - -300 USD -22,302 - Cash and Cash Equivalents
-0.01% HOME DEPOT INC/THE - - -300 USD -19,514 - Cash and Cash Equivalents
-0.01% MERCK + CO INC - - -300 USD -31,063 - Cash and Cash Equivalents
-0.01% DOWDUPONT INC - - -300 USD -22,302 - Cash and Cash Equivalents
-0.01% INTERNATIONAL BUSINESS MACHINE - - -300 USD -24,691 - Cash and Cash Equivalents
-0.01% MICROSOFT CORP 15FEB19 115 CALL - MSFT 2 -300 USD -28,674 - Cash and Cash Equivalents
-0.01% NIKE INC - - -300 USD -21,107 - Cash and Cash Equivalents
-0.01% UNITED TECHNOLOGIES CORP - - -300 USD -36,241 - Cash and Cash Equivalents
-0.01% VISA INC - - -300 USD -22,899 - Cash and Cash Equivalents
-0.01% WALMART INC - - -300 USD -18,718 - Cash and Cash Equivalents
-0.01% WALT DISNEY CO/THE - - -300 USD -14,337 - Cash and Cash Equivalents
-0.02% 3M CO - - -300 USD -68,499 - Cash and Cash Equivalents
-0.02% APPLE INC - - -300 USD -62,923 - Cash and Cash Equivalents
-0.02% CATERPILLAR INC - - -300 USD -69,295 - Cash and Cash Equivalents
-0.02% JOHNSON + JOHNSON - - -300 USD -52,967 - Cash and Cash Equivalents
-0.02% JPMORGAN CHASE + CO - - -300 USD -43,011 - Cash and Cash Equivalents
-0.05% GOLDMAN SACHS GROUP INC/THE 18JAN19 200 CALL - GS 1 C2 -350 USD -134,277 - Cash and Cash Equivalents
-0.08% BOEING CO/THE 18JAN19 360 CALL - BA 1 C3 -350 USD -212,334 - Cash and Cash Equivalents
-0.13% UNITEDHEALTH GROUP INC - - -300 USD -360,416 - Cash and Cash Equivalents
3.30% CASH - - 1 CAD 9,164,803 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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