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Overview

Fund Profile

Key Facts

Fund Ticker ZWC
Net Assets (Mn)
(Mar 22, 2019)
$ 449.17
Base Currency CAD
Closing Market Price $ 19.20
12-Month Low/High (Market Price) $ 16.88 / $ 19.91
Closing NAV Price
(Mar 22, 2019)
$ 19.1873
12-Month Low/High (Price (NAV)) $ 16.8124 / $ 19.9036
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.

6.56%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 132,503
Distribution Frequency Monthly
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 23,410
Index -
Market Cap ($Bn)
(Feb 28, 2019)
1,439.09
Exchange TSX
CUSIP 05591D105
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Canadian High Dividend Covered Call ETF has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The ETF screens for securities for dividend growth, sustainability and option liquidity. The ETF also dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's available premium. The option premium provides limited downside protection.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of high dividend Canadian 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)
(Mar 22, 2019)
$ 449.17
Market Price $ 19.20
12-Month Low/High (Market Price) $ 16.88 / $ 19.91
Price (NAV) $ 19.1873
12-Month Low/High (Price (NAV)) $ 16.8124 / $ 19.9036
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 19.20 $ -0.17 -0.88%
Price (NAV) $ 19.1873 $ -0.1650 -0.85%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 5.20% 3.91% - - - 3.54%
Index - - - - - -
Calendar Performance

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

YTD 2018 2017
NAV 10.61% -9.92% 7.78%
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 10.61% 2.98% 4.38% 1.36% 5.20% 7.98% - - - 7.40%
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 0.105000 0.000000 0.105000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.105000 0.000000 0.105000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.110000 0.000000 0.110000
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 - - -
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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 Mar 22, 2019

Stock

100.06%

Cash and Cash Equivalents

-0.06%

Number of Holdings

72

Total Net Assets

$ 449,174,459.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.20% EMERA INC CA2908761018 EMA 377,623 CAD 18,873,598 Utilities Stock
4.17% PEMBINA PIPELINE CORP CA7063271034 PPL 377,749 CAD 18,740,128 Energy Stock
4.10% TRANSCANADA CORP CA89353D1078 TRP 303,799 CAD 18,431,485 Energy Stock
4.04% ENBRIDGE INC CA29250N1050 ENB 369,231 CAD 18,155,088 Energy Stock
4.00% BCE INC CA05534B7604 BCE 303,471 CAD 17,956,379 Communication Services Stock
3.84% CANADIAN NATIONAL RAILWAY CO CA1363751027 CNR 148,398 CAD 17,243,848 Industrials Stock
3.76% MANULIFE FINANCIAL CORP CA56501R1064 MFC 754,496 CAD 16,870,531 Financials Stock
3.72% SHAW COMMUNICATIONS INC CA82028K2002 SJR/B 602,792 CAD 16,703,366 Communication Services Stock
3.64% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 149,429 CAD 16,329,601 Financials Stock
3.56% NUTRIEN LTD CA67077M1086 NTR 235,825 CAD 15,972,427 Materials Stock
3.50% INTER PIPELINE LTD CA45833V1094 IPL 722,030 CAD 15,725,813 Energy Stock
3.45% TELUS CORP CA87971M1032 T 317,903 CAD 15,513,666 Communication Services Stock
3.43% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 215,595 CAD 15,391,327 Financials Stock
3.41% GREAT-WEST LIFECO INC CA39138C1068 GWO 475,203 CAD 15,325,297 Financials Stock
3.37% BANK OF MONTREAL CA0636711016 BMO 150,116 CAD 15,122,686 Financials Stock
3.35% POWER CORP OF CANADA CA7392391016 POW 486,339 CAD 15,042,465 Financials Stock
3.29% NATIONAL BANK OF CANADA CA6330671034 NA 240,601 CAD 14,758,465 Financials Stock
2.97% ROYAL BANK OF CANADA CA7800871021 RY 130,552 CAD 13,333,276 Financials Stock
2.95% FORTIS INC/CANADA CA3495531079 FTS 266,192 CAD 13,232,404 Utilities Stock
2.89% TORONTO-DOMINION BANK/THE CA8911605092 TD 175,331 CAD 12,974,494 Financials Stock
2.86% VERMILION ENERGY INC CA9237251058 VET 382,498 CAD 12,851,933 Energy Stock
2.70% RESTAURANT BRANDS INTERNATIONAL INC CA76131D1033 QSR 142,493 CAD 12,147,528 Consumer Discretionary Stock
2.62% THOMSON REUTERS CORP CA8849037095 TRI 151,697 CAD 11,785,340 Industrials Stock
2.43% SUN LIFE FINANCIAL INC CA8667961053 SLF 216,946 CAD 10,916,723 Financials Stock
2.05% MAGNA INTERNATIONAL INC CA5592224011 MG 144,883 CAD 9,229,047 Consumer Discretionary Stock
2.03% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 125,537 CAD 9,126,540 Communication Services Stock
1.98% CANADIAN NATURAL RESOURCES LTD CA1363851017 CNQ 240,032 CAD 8,885,985 Energy Stock
1.94% CANADIAN TIRE CORP LTD CA1366812024 CTC/A 61,019 CAD 8,693,377 Consumer Discretionary Stock
1.76% SUNCOR ENERGY INC CA8672241079 SU 174,595 CAD 7,889,948 Energy Stock
1.49% LOBLAW COS LTD CA5394811015 L 101,898 CAD 6,687,566 Consumer Staples Stock
1.45% IMPERIAL OIL LTD CA4530384086 IMO 179,150 CAD 6,526,435 Energy Stock
1.41% OPEN TEXT CORP CA6837151068 OTEX 126,001 CAD 6,334,070 Information Technology Stock
1.38% METRO INC CA59162N1096 MRU 126,260 CAD 6,179,164 Consumer Staples Stock
1.25% SAPUTO INC CA8029121057 SAP 126,094 CAD 5,628,836 Consumer Staples Stock
1.08% GILDAN ACTIVEWEAR INC CA3759161035 GIL 99,328 CAD 4,868,065 Consumer Discretionary Stock
0.00% CANADIAN NATURAL RESOURCES LTD 18APR19 40 CALL - CNQ 4 C -1,200 CAD -16,800 - Cash and Cash Equivalents
0.00% CANADIAN TIRE CORP LTD 18APR19 150 CALL - CTC 4 C -300 CAD -15,000 - Cash and Cash Equivalents
0.00% LOBLAW COS LTD 18APR19 70 CALL - L 4 C70 -500 CAD -9,250 - Cash and Cash Equivalents
0.00% RESTAURANT BRANDS INTERNATIONA 18APR19 90 CALL - QSR 4 C -700 CAD -19,250 - Cash and Cash Equivalents
0.00% VERMILION ENERGY INC 18APR19 36 CALL - VET 4 C -2,000 CAD -21,000 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 5APR19 76 CALL - 1TD 4 C -900 CAD -13,500 - Cash and Cash Equivalents
0.00% MAGNA INTERNATIONAL INC 18APR19 70 CALL - MG 4 C7 -720 CAD -7,200 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 18APR19 106 CALL - BMO 4 C -800 CAD -8,000 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 18APR19 74 CALL - BNS 4 C -1,100 CAD -11,000 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 18APR19 114 CALL - CM 4 C1 -800 CAD -9,600 - Cash and Cash Equivalents
0.00% IMPERIAL OIL LTD 17MAY19 40 CALL - IMO 5 C -900 CAD -20,700 - Cash and Cash Equivalents
0.00% NUTRIEN LTD 18APR19 74 CALL - NTR 4 C -1,200 CAD -6,000 - Cash and Cash Equivalents
0.00% OPEN TEXT CORP 18APR19 52 CALL - OTEX 4 -700 CAD -17,500 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 5APR19 105.5 CALL - 1RY 4 C -700 CAD -4,200 - Cash and Cash Equivalents
0.00% THOMSON REUTERS CORP 18APR19 78 CALL - TRI 4 C -100 CAD -10,550 - Cash and Cash Equivalents
-0.01% SUN LIFE FINANCIAL INC 18APR19 52 CALL - SLF 4 C -1,100 CAD -28,600 - Cash and Cash Equivalents
-0.01% BCE INC 18APR19 60 CALL - BCE 4 C -1,600 CAD -38,400 - Cash and Cash Equivalents
-0.01% ROGERS COMMUNICATIONS INC 18APR19 74 CALL - RCI 4 C -630 CAD -34,650 - Cash and Cash Equivalents
-0.01% CANADIAN NATIONAL RAILWAY CO 17MAY19 125 CALL - CNR 5 C -800 CAD -36,800 - Cash and Cash Equivalents
-0.01% ENBRIDGE INC 18APR19 51 CALL - ENB 4 C -1,900 CAD -22,800 - Cash and Cash Equivalents
-0.01% GILDAN ACTIVEWEAR INC 18APR19 50 CALL - GIL 4 C -500 CAD -25,000 - Cash and Cash Equivalents
-0.01% METRO INC 18APR19 50 CALL - MRU 4 C -700 CAD -24,500 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 17MAY19 64 CALL - NA 5 C6 -1,300 CAD -52,000 - Cash and Cash Equivalents
-0.01% SUNCOR ENERGY INC 17MAY19 48 CALL - SU 5 C4 -900 CAD -33,300 - Cash and Cash Equivalents
-0.01% TRANSCANADA CORP 5APR19 61.5 CALL - 1TRP 4 -1,600 CAD -30,400 - Cash and Cash Equivalents
-0.02% INTER PIPELINE LTD 18APR19 22 CALL - IPL 4 C -3,700 CAD -111,000 - Cash and Cash Equivalents
-0.02% SAPUTO INC 18APR19 44 CALL - SAP 4 C -600 CAD -75,000 - Cash and Cash Equivalents
-0.02% FORTIS INC/CANADA 18APR19 50 CALL - FTS 4 C -1,400 CAD -81,200 - Cash and Cash Equivalents
-0.02% MANULIFE FINANCIAL CORP 17MAY19 24 CALL - MFC 5 C -4,000 CAD -104,000 - Cash and Cash Equivalents
-0.02% PEMBINA PIPELINE CORP 17MAY19 51 CALL - PPL 5 C -2,000 CAD -87,000 - Cash and Cash Equivalents
-0.03% SHAW COMMUNICATIONS INC 18APR19 28 CALL - SJR 4 C -3,100 CAD -116,250 - Cash and Cash Equivalents
-0.04% TELUS CORP 18APR19 48 CALL - T 4 C48 -1,600 CAD -174,400 - Cash and Cash Equivalents
-0.04% THOMSON REUTERS CORP 18APR19 76 CALL - TRI 4 C -700 CAD -161,700 - Cash and Cash Equivalents
-0.07% POWER CORP OF CANADA 18APR19 30 CALL - POW 4 C -2,600 CAD -335,400 - Cash and Cash Equivalents
-0.08% GREAT-WEST LIFECO INC 18APR19 31 CALL - GWO 4 C -2,400 CAD -360,000 - Cash and Cash Equivalents
-0.10% EMERA INC 18APR19 48 CALL - EMA 4 C -1,900 CAD -427,500 - Cash and Cash Equivalents
0.51% CASH - - 1 CAD 2,277,000 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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