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Overview

Fund Profile

Key Facts

Fund Ticker ZWH.U
Net Assets (Mn)
(Jan 18, 2019)
$ 63.35
Base Currency USD
Closing Market Price $ 20.73
12-Month Low/High (Market Price) $ 18.73 / $ 23.34
Closing NAV Price
(Jan 18, 2019)
$ 20.7707
12-Month Low/High (Price (NAV)) $ 18.6182 / $ 23.3523
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.

5.88%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 16,152
Distribution Frequency Monthly
Options Available No
Inception Date Feb 12, 2015
Fiscal Year-End December 31
Units Outstanding (000's) 3,050
Index -
Market Cap ($Bn)
(Dec 31, 2018)
6,135.71
Exchange TSX
CUSIP 05579F114
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO US High Dividend Covered Call ETF (US Dollar Units) 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 Fund screens for securities for dividend growth, sustainability, and option liquidity. The Fund also 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 re-balanced to maintain broad sector diversification and options are rolled forward upon expiry. In addition, ZWH may hold other underlying ETFs, the management fees charged are reduced by management fees paid on the underlying ETFs, thereby avoiding duplication of the management fees. The ETF trades in US dollars on the TSX.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of high dividend U.S. companies
  • Call option writing reduces volatility
  • Further diversification from U.S. currency
  • Purchased in U.S. currency
  • 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)
$ 63.35
Market Price $ 20.73
12-Month Low/High (Market Price) $ 18.73 / $ 23.34
Price (NAV) $ 20.7707
12-Month Low/High (Price (NAV)) $ 18.6182 / $ 23.3523
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 20.73 $ 0.35 1.72%
Price (NAV) $ 20.7707 $ 0.2302 1.12%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -7.26% 2.35% 5.97% - - 5.33%
Index - - - - - -
Calendar Performance

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

YTD 2017 2016 2015
NAV -7.26% 12.96% 13.58% 2.85%
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 -7.26% -7.80% -9.62% -4.21% -7.26% 4.76% 18.98% - - 22.37%
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

99.96%

Cash and Cash Equivalents

0.04%

Number of Holdings

110

Total Net Assets

$ 63,350,727.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.07% AT&T INC US00206R1023 T 753,935 USD 30,986,276 Communication Services Stock
4.04% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 187,300 USD 30,786,698 Information Technology Stock
3.84% PPL CORP US69351T1060 PPL 732,384 USD 29,235,250 Utilities Stock
3.69% SOUTHERN CO/THE US8425871071 SO 448,176 USD 28,093,711 Utilities Stock
3.61% INTERNATIONAL PAPER CO US4601461035 IP 453,021 USD 27,471,284 Materials Stock
3.61% ABBVIE INC US00287Y1091 ABBV 231,602 USD 27,516,923 Health Care Stock
3.58% GENERAL MOTORS CO US37045V1008 GM 531,931 USD 27,264,004 Consumer Discretionary Stock
3.53% PRUDENTIAL FINANCIAL INC US7443201022 PRU 219,446 USD 26,876,682 Financials Stock
3.53% VALERO ENERGY CORP US91913Y1001 VLO 245,591 USD 26,926,161 Energy Stock
3.52% VENTAS INC US92276F1003 VTR 331,279 USD 26,843,736 Real Estate Stock
3.52% OCCIDENTAL PETROLEUM CORP US6745991058 OXY 301,290 USD 26,809,485 Energy Stock
3.40% METLIFE INC US59156R1086 MET 430,302 USD 25,882,246 Financials Stock
3.25% VERIZON COMMUNICATIONS INC US92343V1044 VZ 326,637 USD 24,754,830 Communication Services Stock
3.20% QUALCOMM INC US7475251036 - 332,204 USD 24,374,115 Information Technology Stock
3.06% TARGET CORP US87612E1064 - 248,308 USD 23,298,169 Consumer Discretionary Stock
2.94% CHEVRON CORP US1667641005 CVX 147,767 USD 22,434,898 Energy Stock
2.93% PUBLIC STORAGE US74460D1090 PSA 82,681 USD 22,295,351 Real Estate Stock
2.85% EATON CORP PLC IE00B8KQN827 ETN 227,723 USD 21,726,465 Industrials Stock
2.80% BB&T CORP US0549371070 - 326,188 USD 21,343,288 Financials Stock
2.76% WELLS FARGO & CO US9497461015 - 317,027 USD 21,046,876 Financials Stock
2.68% UNITED PARCEL SERVICE INC US9113121068 UPS 151,504 USD 20,433,950 Industrials Stock
2.40% JPMORGAN CHASE & CO US46625H1005 JPM 131,890 USD 18,312,033 Financials Stock
2.31% LOCKHEED MARTIN CORP US5398301094 LMT 46,865 USD 17,598,273 Industrials Stock
2.29% PROCTER & GAMBLE CO/THE US7427181091 PG 143,758 USD 17,446,478 Consumer Staples Stock
2.27% DOWDUPONT INC US26078J1007 DWDP 224,554 USD 17,307,421 Materials Stock
2.26% CATERPILLAR INC US1491231015 CAT 94,824 USD 17,195,052 Industrials Stock
2.26% PFIZER INC US7170811035 - 304,673 USD 17,201,403 Health Care Stock
2.12% MERCK & CO INC US58933Y1055 MRK 160,506 USD 16,165,751 Health Care Stock
2.07% CISCO SYSTEMS INC US17275R1023 - 264,147 USD 15,790,001 Information Technology Stock
2.04% HOME DEPOT INC/THE US4370761029 HD 65,151 USD 15,531,507 Consumer Discretionary Stock
2.01% INTEL CORP US4581401001 INTC 234,185 USD 15,292,216 Information Technology Stock
1.95% MICROSOFT CORP US5949181045 MSFT 103,963 USD 14,865,152 Information Technology Stock
1.93% MCDONALD'S CORP US5801351017 MCD 60,798 USD 14,735,105 Consumer Discretionary Stock
1.87% SYSCO CORP US8718291078 SYY 171,267 USD 14,250,733 Consumer Staples Stock
1.78% CVS HEALTH CORP US1266501006 CVS 155,765 USD 13,548,097 Health Care Stock
0.00% PPL CORP 18JAN19 33 CALL - PPL 1 C -3,700 USD -4,912 - Cash and Cash Equivalents
0.00% ABBVIE INC 18JAN19 97.5 CALL - ABBV 1 -600 USD -2,389 - Cash and Cash Equivalents
0.00% EATON CORP PLC 18JAN19 80 CALL - ETN 1 C -600 USD -2,389 - Cash and Cash Equivalents
0.00% AT+T INC 18JAN19 32 CALL - T 1 C32 -640 USD -850 - Cash and Cash Equivalents
0.00% BB+T CORP 18JAN19 55 CALL - BBT 1 C -770 USD -2,044 - Cash and Cash Equivalents
0.00% GENERAL MOTORS CO 18JAN19 40 CALL - GM 1 C4 -1,160 USD -1,540 - Cash and Cash Equivalents
0.00% QUALCOMM INC 18JAN19 62.5 CALL - QCOM 1 -880 USD -1,168 - Cash and Cash Equivalents
0.00% VERIZON COMMUNICATIONS INC 18JAN19 62.5 CALL - VZ 1 C6 -280 USD -372 - Cash and Cash Equivalents
0.00% SOUTHERN CO/THE 18JAN19 50 CALL - SO 1 C5 -1,000 USD -1,327 - Cash and Cash Equivalents
0.00% VENTAS INC 18JAN19 65 CALL - VTR 1 C -900 USD -7,168 - Cash and Cash Equivalents
0.00% PFIZER INC 18JAN19 46 CALL - PFE 1 C -1,400 USD -5,575 - Cash and Cash Equivalents
0.00% GENERAL MOTORS CO 18JAN19 41 CALL - GM 1 C4 -1,100 USD -1,460 - Cash and Cash Equivalents
0.00% CISCO SYSTEMS INC 25JAN19 51 CALL - CSCO 1 -500 USD -1,991 - Cash and Cash Equivalents
0.00% DOWDUPONT INC 18JAN19 62.5 CALL - DWDP 1 -300 USD -796 - Cash and Cash Equivalents
0.00% INTERNATIONAL BUSINESS MACHINE 18JAN19 130 CALL - IBM 1 C -300 USD -1,195 - Cash and Cash Equivalents
0.00% OCCIDENTAL PETROLEUM CORP 18JAN19 75 CALL - OXY 1 C -700 USD -4,646 - Cash and Cash Equivalents
0.00% INTERNATIONAL PAPER CO 18JAN19 47 CALL - IP 1 C4 -800 USD -1,062 - Cash and Cash Equivalents
0.00% VALERO ENERGY CORP 18JAN19 82.5 CALL - VLO 1 C -1,300 USD -17,257 - Cash and Cash Equivalents
0.00% VERIZON COMMUNICATIONS INC 18JAN19 60 CALL - VZ 1 C6 -1,600 USD -2,124 - Cash and Cash Equivalents
0.00% ABBVIE INC 25JAN19 95 CALL - ABBV 1 -600 USD -24,691 - Cash and Cash Equivalents
0.00% CISCO SYSTEMS INC 18JAN19 47 CALL - CSCO 1 -900 USD -1,195 - Cash and Cash Equivalents
0.00% CVS HEALTH CORP 15FEB19 72.5 CALL - CVS 2 C -200 USD -2,389 - Cash and Cash Equivalents
0.00% EATON CORP PLC 25JAN19 73 CALL - ETN 1 C -600 USD -15,930 - Cash and Cash Equivalents
0.00% LOCKHEED MARTIN CORP 18JAN19 285 CALL - LMT 1 C -200 USD -1,858 - Cash and Cash Equivalents
0.00% MCDONALD'S CORP 18JAN19 185 CALL - MCD 1 C -300 USD -796 - Cash and Cash Equivalents
0.00% OCCIDENTAL PETROLEUM CORP 25JAN19 69 CALL - OXY 1 C -800 USD -10,620 - Cash and Cash Equivalents
0.00% PROCTER + GAMBLE CO/THE 18JAN19 97.5 CALL - PG 1 C9 -700 USD -1,858 - Cash and Cash Equivalents
0.00% PUBLIC STORAGE 18JAN19 220 CALL - PSA 1 C -400 USD -7,965 - Cash and Cash Equivalents
0.00% QUALCOMM INC 15FEB19 65 CALL - QCOM 2 -800 USD -10,620 - Cash and Cash Equivalents
0.00% UNITED PARCEL SERVICE INC 18JAN19 105 CALL - UPS 1 C -400 USD -531 - Cash and Cash Equivalents
0.00% VENTAS INC 15FEB19 65 CALL - VTR 2 C -800 USD -11,682 - Cash and Cash Equivalents
0.00% WELLS FARGO + CO 15FEB19 52.5 CALL - WFC 2 C -900 USD -19,116 - Cash and Cash Equivalents
0.00% CVS HEALTH CORP - - -600 USD -15,532 - Cash and Cash Equivalents
0.00% WELLS FARGO + CO - - -700 USD -37,170 - Cash and Cash Equivalents
0.00% DOWDUPONT INC - - -200 USD -32,391 - Cash and Cash Equivalents
0.00% JPMORGAN CHASE + CO 18JAN19 105 CALL - JPM 1 C -610 USD -810 - Cash and Cash Equivalents
0.00% MICROSOFT CORP 15FEB19 115 CALL - MSFT 2 -200 USD -19,116 - Cash and Cash Equivalents
-0.01% CATERPILLAR INC 25JAN19 137 CALL - CAT 1 C -200 USD -45,400 - Cash and Cash Equivalents
-0.01% HOME DEPOT INC/THE 25JAN19 180 CALL - HD 1 C1 -300 USD -50,179 - Cash and Cash Equivalents
-0.01% INTEL CORP 15FEB19 52.5 CALL - INTC 2 -1,200 USD -68,499 - Cash and Cash Equivalents
-0.01% SYSCO CORP 15FEB19 65 CALL - SYY 2 C -900 USD -65,711 - Cash and Cash Equivalents
-0.01% TARGET CORP 18JAN19 70 CALL - TGT 1 C -900 USD -83,632 - Cash and Cash Equivalents
-0.01% CHEVRON CORP - - -800 USD -88,146 - Cash and Cash Equivalents
-0.01% MICROSOFT CORP - - -300 USD -88,013 - Cash and Cash Equivalents
-0.01% TARGET CORP - - -400 USD -49,383 - Cash and Cash Equivalents
-0.01% UNITED PARCEL SERVICE INC - - -400 USD -84,429 - Cash and Cash Equivalents
-0.01% CISCO SYSTEMS INC - - -800 USD -59,472 - Cash and Cash Equivalents
-0.01% EATON CORP PLC - - -600 USD -85,624 - Cash and Cash Equivalents
-0.01% INTERNATIONAL BUSINESS MACHINE - - -300 USD -45,799 - Cash and Cash Equivalents
-0.01% INTERNATIONAL PAPER CO - - -800 USD -77,526 - Cash and Cash Equivalents
-0.01% OCCIDENTAL PETROLEUM CORP - - -700 USD -62,260 - Cash and Cash Equivalents
-0.01% SOUTHERN CO/THE 15FEB19 48 CALL - SO 2 C4 -1,000 USD -51,772 - Cash and Cash Equivalents
-0.01% UNITED PARCEL SERVICE INC - - -400 USD -66,375 - Cash and Cash Equivalents
-0.01% MCDONALD'S CORP - - -300 USD -49,781 - Cash and Cash Equivalents
-0.01% MERCK + CO INC - - -800 USD -68,499 - Cash and Cash Equivalents
-0.01% PFIZER INC - - -1,600 USD -61,596 - Cash and Cash Equivalents
-0.01% PPL CORP - - -3,600 USD -95,580 - Cash and Cash Equivalents
-0.01% PROCTER + GAMBLE CO/THE - - -700 USD -53,896 - Cash and Cash Equivalents
-0.01% PUBLIC STORAGE - - -400 USD -79,650 - Cash and Cash Equivalents
-0.02% INTERNATIONAL BUSINESS MACHINE 1FEB19 127 CALL - IBM 2 C -700 USD -179,345 - Cash and Cash Equivalents
-0.02% CATERPILLAR INC - - -300 USD -183,195 - Cash and Cash Equivalents
-0.02% METLIFE INC - - -800 USD -130,626 - Cash and Cash Equivalents
-0.02% SOUTHERN CO/THE - - -1,300 USD -150,140 - Cash and Cash Equivalents
-0.02% ABBVIE INC - - -600 USD -116,289 - Cash and Cash Equivalents
-0.02% LOCKHEED MARTIN CORP - - -240 USD -143,370 - Cash and Cash Equivalents
-0.02% AT+T INC 15FEB19 32 CALL - T 2 C32 -3,800 USD -136,201 - Cash and Cash Equivalents
-0.02% GENERAL MOTORS CO - - -2,700 USD -146,954 - Cash and Cash Equivalents
-0.02% JPMORGAN CHASE + CO - - -700 USD -118,015 - Cash and Cash Equivalents
-0.02% TARGET CORP - - -900 USD -125,449 - Cash and Cash Equivalents
-0.03% BB+T CORP 18JAN19 47 CALL - BBT 1 C -900 USD -256,871 - Cash and Cash Equivalents
-0.03% DOWDUPONT INC 15FEB19 57.5 CALL - DWDP 2 -900 USD -264,040 - Cash and Cash Equivalents
-0.05% INTERNATIONAL PAPER CO 25JAN19 44 CALL - IP 1 C4 -1,500 USD -374,355 - Cash and Cash Equivalents
-0.05% PRUDENTIAL FINANCIAL INC 18JAN19 90 CALL - PRU 1 C -1,100 USD -363,602 - Cash and Cash Equivalents
-0.06% METLIFE INC 1FEB19 43 CALL - MET 2 C -1,400 USD -464,625 - Cash and Cash Equivalents
0.68% CASH - - 1 CAD 5,213,499 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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