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Overview

Fund Profile

Key Facts

Fund Ticker ZWB
Net Assets (Mn)
(Mar 22, 2019)
$ 1,881.06
Base Currency CAD
Closing Market Price $ 18.33
12-Month Low/High (Market Price) $ 16.64 / $ 19.93
Closing NAV Price
(Mar 22, 2019)
$ 18.3161
12-Month Low/High (Price (NAV)) $ 16.6241 / $ 19.9226
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.

5.46%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 612,861
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 102,700
Index -
Market Cap ($Bn)
(Feb 28, 2019)
513.91
Exchange TSX
CUSIP 05560U104
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, 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 and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB 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 Canadian banks
  • 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)
(Mar 22, 2019)
$ 1,881.06
Market Price $ 18.33
12-Month Low/High (Market Price) $ 16.64 / $ 19.93
Price (NAV) $ 18.3161
12-Month Low/High (Price (NAV)) $ 16.6241 / $ 19.9226
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 18.33 $ -0.22 -1.19%
Price (NAV) $ 18.3161 $ -0.2237 -1.21%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.58% 4.07% 13.59% 8.39% - 8.99%
Index - - - - - -
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013 2012 2011
NAV 9.90% -8.08% 11.62% 25.26% -4.12% 11.66% 16.18% 13.01% 1.11%
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 9.90% 1.31% 2.58% -3.03% 2.58% 8.30% 46.57% 49.58% - 100.74%
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 0.085000 0.000000 0.085000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.085000 0.000000 0.085000
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

99.96%

Cash and Cash Equivalents

0.04%

Number of Holdings

34

Total Net Assets

$ 1,881,058,335.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
39.88% BMO EQUAL WEIGHT BANKS INDEX ETF CA0556851016 ZEB 26,339,031 CAD 750,072,916 - Stock
10.10% NATIONAL BANK OF CANADA CA6330671034 NA 3,097,881 CAD 190,024,021 Financials Stock
10.07% ROYAL BANK OF CANADA CA7800871021 RY 1,855,322 CAD 189,484,036 Financials Stock
10.03% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 2,641,627 CAD 188,585,752 Financials Stock
10.03% TORONTO-DOMINION BANK/THE CA8911605092 TD 2,550,620 CAD 188,745,880 Financials Stock
9.94% BANK OF MONTREAL CA0636711016 BMO 1,856,116 CAD 186,985,126 Financials Stock
9.91% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 1,706,048 CAD 186,436,925 Financials Stock
0.00% BANK OF NOVA SCOTIA/THE 18APR19 76 CALL - BNS 4 C -4,000 CAD -20,000 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 18APR19 116 CALL - CM 4 C1 -3,000 CAD -27,000 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 18APR19 64 CALL - NA 4 C6 -4,000 CAD -60,000 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 18APR19 105 CALL - RY 4 C1 -3,000 CAD -75,000 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 18APR19 77 CALL - TD 4 C7 -4,000 CAD -40,000 - Cash and Cash Equivalents
0.00% ZEB CALL 29.75 27MAR19 - - -20,000 CAD -1,758 - Cash and Cash Equivalents
0.00% ZEB CALL 29.65 10APR19 - - -20,000 CAD -17,640 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 5APR19 105.5 CALL - 1BMO 4 -3,200 CAD -12,800 - Cash and Cash Equivalents
0.00% ZEB CALL 29.65 16APR19 - - -20,000 CAD -29,316 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 5APR19 73.5 CALL - 1BNS 4 -4,400 CAD -24,200 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 12APR19 115 CALL - 2CM 4 C -2,700 CAD -28,350 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 5APR19 105 CALL - 1RY 4 C -3,000 CAD -30,000 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 17MAY19 75 CALL - BNS 5 C -5,000 CAD -75,000 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 17MAY19 115 CALL - CM 5 C1 -2,600 CAD -61,100 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 5APR19 63 CALL - 1NA 4 C -4,000 CAD -62,000 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 12APR19 76.5 CALL - 2TD 4 C -3,900 CAD -39,000 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT BANKS INDEX E 22MAR19 29.5 CALL - 4ZEB 3 -10,000 CAD -105,000 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT BANKS INDEX E 18APR19 29.75 CALL - ZEB 4 C -20,000 CAD -110,000 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT BANKS INDEX E 5APR19 29.25 CALL - 1ZEB 4 -20,000 CAD -220,000 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 12APR19 63 CALL - 2NA 4 C -3,700 CAD -107,300 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 17MAY19 64 CALL - NA 5 C6 -4,000 CAD -160,000 - Cash and Cash Equivalents
-0.01% BANK OF MONTREAL 17MAY19 105 CALL - BMO 5 C -3,500 CAD -129,500 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT BANKS INDEX E 17MAY19 29.75 CALL - ZEB 5 C -25,000 CAD -225,000 - Cash and Cash Equivalents
-0.01% ROYAL BANK OF CANADA 17MAY19 105 CALL - RY 5 C1 -3,900 CAD -195,000 - Cash and Cash Equivalents
-0.01% TORONTO-DOMINION BANK/THE 17MAY19 77 CALL - TD 5 C7 -5,000 CAD -150,000 - Cash and Cash Equivalents
-0.03% BANK OF MONTREAL 18APR19 101 CALL - BMO 4 C -3,000 CAD -480,000 - Cash and Cash Equivalents
0.17% CASH - - 1 CAD 3,208,526 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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