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Overview

Fund Profile

Key Facts

Fund Ticker ZWC
Net Assets (Mn)
(Jan 18, 2019)
$ 410.63
Base Currency CAD
Closing Market Price $ 18.51
12-Month Low/High (Market Price) $ 16.88 / $ 20.52
Closing NAV Price
(Jan 18, 2019)
$ 18.4886
12-Month Low/High (Price (NAV)) $ 16.8124 / $ 20.5185
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.

6.97%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 102,054
Distribution Frequency Monthly
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 22,210
Index -
Market Cap ($Bn)
(Dec 31, 2018)
1,295.65
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)
(Jan 18, 2019)
$ 410.63
Market Price $ 18.51
12-Month Low/High (Market Price) $ 16.88 / $ 20.52
Price (NAV) $ 18.4886
12-Month Low/High (Price (NAV)) $ 16.8124 / $ 20.5185
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 18.51 $ 0.13 0.71%
Price (NAV) $ 18.4886 $ 0.0948 0.52%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -9.92% - - - - -1.55%
Index - - - - - -
Calendar Performance

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

YTD 2017
NAV -9.92% 7.78%
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 -9.92% -5.64% -7.00% -8.52% -9.92% - - - - -2.91%
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 - - -
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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 Jan 18, 2019

Stock

100.47%

Cash and Cash Equivalents

-0.47%

Number of Holdings

73

Total Net Assets

$ 410,632,250.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.09% ENBRIDGE INC CA29250N1050 - 350,307 CAD 16,783,208 Energy Stock
3.97% TRANSCANADA CORP CA89353D1078 TRP 294,923 CAD 16,306,293 Energy Stock
3.96% PEMBINA PIPELINE CORP CA7063271034 PPL 358,381 CAD 16,245,411 Energy Stock
3.95% NUTRIEN LTD CA67077M1086 NTR 238,213 CAD 16,219,923 - Stock
3.92% EMERA INC CA2908761018 EMA 358,274 CAD 16,097,251 Utilities Stock
3.91% BCE INC CA05534B7604 BCE 287,924 CAD 16,074,797 Communication Services Stock
3.79% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 141,775 CAD 15,551,300 Financials Stock
3.75% CANADIAN NATIONAL RAILWAY CO CA1363751027 CNR 140,793 CAD 15,381,635 Industrials Stock
3.75% SHAW COMMUNICATIONS INC CA82028K2002 - 571,892 CAD 15,401,052 Communication Services Stock
3.73% MANULIFE FINANCIAL CORP CA56501R1064 MFC 715,820 CAD 15,304,232 Financials Stock
3.65% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 204,547 CAD 15,001,477 Financials Stock
3.60% INTER PIPELINE LTD CA45833V1094 IPL 685,022 CAD 14,782,775 Energy Stock
3.39% TELUS CORP CA87971M1032 T 301,607 CAD 13,934,243 Communication Services Stock
3.38% NATIONAL BANK OF CANADA CA6330671034 NA 228,265 CAD 13,864,816 Financials Stock
3.36% BANK OF MONTREAL CA0636711016 BMO 142,426 CAD 13,776,867 Financials Stock
3.24% GREAT-WEST LIFECO INC CA39138C1068 GWO 450,843 CAD 13,317,902 Financials Stock
3.01% POWER CORP OF CANADA CA7392391016 POW 477,675 CAD 12,357,452 Financials Stock
2.98% ROYAL BANK OF CANADA CA7800871021 RY 123,856 CAD 12,217,156 Financials Stock
2.93% TORONTO-DOMINION BANK/THE CA8911605092 TD 166,343 CAD 12,033,253 Financials Stock
2.89% VERMILION ENERGY INC CA9237251058 VET 362,890 CAD 11,855,616 Energy Stock
2.85% FORTIS INC/CANADA CA3495531079 FTS 252,548 CAD 11,710,651 Utilities Stock
2.53% RESTAURANT BRANDS INTERNATIONAL INC CA76131D1033 QSR 136,118 CAD 10,373,553 Consumer Discretionary Stock
2.45% SUN LIFE FINANCIAL INC CA8667961053 SLF 205,822 CAD 10,056,463 Financials Stock
2.37% THOMSON REUTERS CORP CA8849037095 TRI 143,842 CAD 9,712,212 Industrials Stock
2.26% MAGNA INTERNATIONAL INC CA5592224011 MG 137,455 CAD 9,286,460 Consumer Discretionary Stock
2.11% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 119,105 CAD 8,648,214 Communication Services Stock
2.08% CANADIAN TIRE CORP LTD CA1366812024 CTC/A 57,888 CAD 8,555,846 Consumer Discretionary Stock
2.02% CANADIAN NATURAL RESOURCES LTD CA1363851017 CNQ 227,736 CAD 8,314,641 Energy Stock
1.91% METRO INC CA59162N1096 MRU 159,084 CAD 7,841,250 Consumer Staples Stock
1.71% SUNCOR ENERGY INC CA8672241079 SU 165,643 CAD 7,038,171 Energy Stock
1.54% IMPERIAL OIL LTD CA4530384086 IMO 169,970 CAD 6,324,584 Energy Stock
1.50% LOBLAW COS LTD CA5394811015 L 96,678 CAD 6,151,621 Consumer Staples Stock
1.36% OPEN TEXT CORP CA6837151068 OTEX 119,545 CAD 5,603,074 Information Technology Stock
1.15% SAPUTO INC CA8029121057 SAP 119,626 CAD 4,712,068 Consumer Staples Stock
1.00% GILDAN ACTIVEWEAR INC CA3759161035 GIL 94,240 CAD 4,097,555 Consumer Discretionary Stock
0.39% GEORGE WESTON LTD CA9611485090 WN 17,182 CAD 1,615,280 Consumer Staples Stock
0.00% CANADIAN NATURAL RESOURCES LTD 18JAN19 42 CALL - CNQ 1 C -1,100 CAD -3,300 - Cash and Cash Equivalents
0.00% GREAT-WEST LIFECO INC 18JAN19 32 CALL - GWO 1 C -2,200 CAD -11,000 - Cash and Cash Equivalents
0.00% BCE INC 18JAN19 57.5 CALL - BCE 1 C -1,600 CAD -8,800 - Cash and Cash Equivalents
0.00% CANADIAN TIRE CORP LTD 18JAN19 155 CALL - CTC 1 C -300 CAD -3,000 - Cash and Cash Equivalents
0.00% GILDAN ACTIVEWEAR INC 18JAN19 44 CALL - GIL 1 C -500 CAD -4,000 - Cash and Cash Equivalents
0.00% IMPERIAL OIL LTD 18JAN19 38 CALL - IMO 1 C -800 CAD -7,200 - Cash and Cash Equivalents
0.00% MAGNA INTERNATIONAL INC 18JAN19 68 CALL - MG 1 C6 -700 CAD -14,000 - Cash and Cash Equivalents
0.00% RESTAURANT BRANDS INTERNATIONA 18JAN19 76 CALL - QSR 1 C -700 CAD -17,500 - Cash and Cash Equivalents
0.00% SAPUTO INC 18JAN19 42 CALL - SAP 1 C -600 CAD -2,400 - Cash and Cash Equivalents
0.00% TELUS CORP 18JAN19 47 CALL - T 1 C47 -1,500 CAD -8,250 - Cash and Cash Equivalents
0.00% VERMILION ENERGY INC 18JAN19 34 CALL - VET 1 C -1,800 CAD -9,000 - Cash and Cash Equivalents
0.00% ROGERS COMMUNICATIONS INC - - -600 CAD -20,400 - Cash and Cash Equivalents
-0.01% EMERA INC 15FEB19 46 CALL - EMA 2 C -1,800 CAD -57,600 - Cash and Cash Equivalents
-0.01% LOBLAW COS LTD 18JAN19 64 CALL - L 1 C64 -500 CAD -25,250 - Cash and Cash Equivalents
-0.01% OPEN TEXT CORP 18JAN19 46 CALL - OTEX 1 -600 CAD -42,000 - Cash and Cash Equivalents
-0.01% THOMSON REUTERS CORP 15FEB19 70 CALL - TRI 2 C -700 CAD -39,900 - Cash and Cash Equivalents
-0.01% FORTIS INC/CANADA - - -1,300 CAD -49,400 - Cash and Cash Equivalents
-0.01% METRO INC - - -300 CAD -21,750 - Cash and Cash Equivalents
-0.01% SUNCOR ENERGY INC - - -900 CAD -54,000 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA - - -1,200 CAD -61,200 - Cash and Cash Equivalents
-0.01% ROYAL BANK OF CANADA - - -600 CAD -51,000 - Cash and Cash Equivalents
-0.02% METRO INC 18JAN19 48 CALL - MRU 1 C -500 CAD -62,500 - Cash and Cash Equivalents
-0.02% BANK OF NOVA SCOTIA/THE - - -1,100 CAD -91,300 - Cash and Cash Equivalents
-0.02% MANULIFE FINANCIAL CORP - - -3,700 CAD -77,700 - Cash and Cash Equivalents
-0.02% SUN LIFE FINANCIAL INC - - -1,100 CAD -78,650 - Cash and Cash Equivalents
-0.02% TRANSCANADA CORP - - -1,500 CAD -88,500 - Cash and Cash Equivalents
-0.03% CANADIAN IMPERIAL BANK OF COMM - - -700 CAD -116,900 - Cash and Cash Equivalents
-0.03% BANK OF MONTREAL - - -700 CAD -116,200 - Cash and Cash Equivalents
-0.04% SHAW COMMUNICATIONS INC - - -2,900 CAD -168,200 - Cash and Cash Equivalents
-0.04% TORONTO-DOMINION BANK/THE - - -900 CAD -172,800 - Cash and Cash Equivalents
-0.04% CANADIAN NATIONAL RAILWAY CO - - -700 CAD -154,000 - Cash and Cash Equivalents
-0.05% INTER PIPELINE LTD 18JAN19 21 CALL - IPL 1 C -3,400 CAD -204,000 - Cash and Cash Equivalents
-0.05% POWER CORP OF CANADA 18JAN19 25 CALL - POW 1 C -2,400 CAD -199,200 - Cash and Cash Equivalents
-0.06% NUTRIEN LTD 18JAN19 66 CALL - NTR 1 C -1,200 CAD -258,000 - Cash and Cash Equivalents
-0.06% PEMBINA PIPELINE CORP 15FEB19 44 CALL - PPL 2 C -1,800 CAD -262,800 - Cash and Cash Equivalents
-0.08% ENBRIDGE INC 18JAN19 46 CALL - ENB 1 C -1,700 CAD -340,000 - Cash and Cash Equivalents
0.24% CASH - - 1 CAD 985,715 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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