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Overview

Fund Profile

Key Facts

Fund Ticker ZWH.U
Net Assets (Mn)
(Mar 22, 2019)
$ 66.37
Base Currency USD
Closing Market Price $ 21.16
12-Month Low/High (Market Price) $ 18.73 / $ 22.34
Closing NAV Price
(Mar 22, 2019)
$ 21.0704
12-Month Low/High (Price (NAV)) $ 18.6182 / $ 22.4181
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.

5.79%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 3,911
Distribution Frequency Monthly
Options Available No
Inception Date Feb 12, 2015
Fiscal Year-End December 31
Units Outstanding (000's) 3,150
Index -
Market Cap ($Bn)
(Feb 28, 2019)
6,555.6
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)
(Mar 22, 2019)
$ 66.37
Market Price $ 21.16
12-Month Low/High (Market Price) $ 18.73 / $ 22.34
Price (NAV) $ 21.0704
12-Month Low/High (Price (NAV)) $ 18.6182 / $ 22.4181
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 21.16 $ -0.24 -1.12%
Price (NAV) $ 21.0704 $ -0.3445 -1.61%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.38% 5.33% 9.38% - - 7.28%
Index - - - - - -
Calendar Performance

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

YTD 2018 2017 2016 2015
NAV 8.60% -7.26% 12.96% 13.58% 2.85%
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 8.60% 2.20% 0.12% -1.81% 3.38% 10.95% 30.86% - - 32.89%
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 0.103000 0.000000 0.103000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.103000 0.000000 0.103000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.103000 0.000000 0.103000
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

99.98%

Cash and Cash Equivalents

0.02%

Number of Holdings

88

Total Net Assets

$ 66,371,634.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.25% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 173,822 USD 32,546,347 Information Technology Stock
4.05% PPL CORP US69351T1060 PPL 717,744 USD 31,021,982 Utilities Stock
4.02% AT&T INC US00206R1023 T 738,863 USD 30,823,657 Communication Services Stock
3.99% SOUTHERN CO/THE US8425871071 SO 439,224 USD 30,596,026 Utilities Stock
3.66% VENTAS INC US92276F1003 VTR 324,660 USD 27,999,205 Real Estate Stock
3.46% INTERNATIONAL PAPER CO US4601461035 IP 443,970 USD 26,467,662 Materials Stock
3.41% VALERO ENERGY CORP US91913Y1001 VLO 230,072 USD 26,143,703 Energy Stock
3.38% OCCIDENTAL PETROLEUM CORP US6745991058 OXY 295,265 USD 25,864,549 Energy Stock
3.35% VERIZON COMMUNICATIONS INC US92343V1044 VZ 320,105 USD 25,685,146 Communication Services Stock
3.34% TARGET CORP US87612E1064 TGT 243,340 USD 25,589,699 Consumer Discretionary Stock
3.26% GENERAL MOTORS CO US37045V1008 GM 510,165 USD 24,961,347 Consumer Discretionary Stock
3.24% PRUDENTIAL FINANCIAL INC US7443201022 PRU 205,448 USD 24,815,918 Financials Stock
3.24% QUALCOMM INC US7475251036 QCOM 325,570 USD 24,838,456 Information Technology Stock
3.17% ABBVIE INC US00287Y1091 ABBV 226,983 USD 24,308,461 Health Care Stock
3.15% PUBLIC STORAGE US74460D1090 PSA 81,020 USD 24,163,447 Real Estate Stock
3.12% CHEVRON CORP US1667641005 CVX 144,808 USD 23,932,844 Energy Stock
3.09% METLIFE INC US59156R1086 MET 421,701 USD 23,662,247 Financials Stock
3.02% EATON CORP PLC IE00B8KQN827 ETN 217,844 USD 23,113,282 Industrials Stock
2.71% UNITED PARCEL SERVICE INC US9113121068 UPS 143,872 USD 20,737,544 Industrials Stock
2.63% WELLS FARGO & CO US9497461015 WFC 310,695 USD 20,153,491 Financials Stock
2.53% BB&T CORP US0549371070 BBT 319,481 USD 19,342,128 Financials Stock
2.51% PROCTER & GAMBLE CO/THE US7427181091 PG 140,889 USD 19,231,191 Consumer Staples Stock
2.39% CISCO SYSTEMS INC US17275R1023 CSCO 258,881 USD 18,332,399 Information Technology Stock
2.37% LOCKHEED MARTIN CORP US5398301094 LMT 45,928 USD 18,130,869 Industrials Stock
2.27% MERCK & CO INC US58933Y1055 MRK 157,306 USD 17,380,863 Health Care Stock
2.26% JPMORGAN CHASE & CO US46625H1005 JPM 129,247 USD 17,312,345 Financials Stock
2.19% PFIZER INC US7170811035 PFE 298,579 USD 16,777,750 Health Care Stock
2.14% INTEL CORP US4581401001 INTC 229,511 USD 16,412,837 Information Technology Stock
2.11% CATERPILLAR INC US1491231015 CAT 92,924 USD 16,191,280 Industrials Stock
2.11% HOME DEPOT INC/THE US4370761029 HD 63,853 USD 16,182,561 Consumer Discretionary Stock
2.09% MICROSOFT CORP US5949181045 MSFT 101,885 USD 16,012,556 Information Technology Stock
2.08% DOWDUPONT INC US26078J1007 DWDP 220,064 USD 15,932,278 Materials Stock
1.95% MCDONALD'S CORP US5801351017 MCD 59,582 USD 14,944,940 Consumer Discretionary Stock
1.93% SYSCO CORP US8718291078 SYY 167,841 USD 14,774,609 Consumer Staples Stock
1.50% CVS HEALTH CORP US1266501006 CVS 152,649 USD 11,486,060 Health Care Stock
0.00% UNITED PARCEL SERVICE INC 29MAR19 113 CALL - UPS 3 C -400 USD -5,371 - Cash and Cash Equivalents
0.00% WELLS FARGO + CO 22MAR19 51 CALL - WFC 3 C -700 USD -1,880 - Cash and Cash Equivalents
0.00% DOWDUPONT INC 22MAR19 56 CALL - DWDP 3 -1,000 USD -1,343 - Cash and Cash Equivalents
0.00% PROCTER + GAMBLE CO/THE 22MAR19 102 CALL - PG 3 C1 -700 USD -9,399 - Cash and Cash Equivalents
0.00% UNITED PARCEL SERVICE INC 22MAR19 115 CALL - UPS 3 C -400 USD -537 - Cash and Cash Equivalents
0.00% INTEL CORP 22MAR19 54 CALL - INTC 3 -1,200 USD -1,611 - Cash and Cash Equivalents
0.00% SYSCO CORP 22MAR19 69 CALL - SYY 3 C -900 USD -12,084 - Cash and Cash Equivalents
0.00% WELLS FARGO + CO 22MAR19 51.5 CALL - WFC 3 C -1,000 USD -1,343 - Cash and Cash Equivalents
0.00% AT+T INC 29MAR19 31.5 CALL - T 3 C31 -2,000 USD -37,596 - Cash and Cash Equivalents
0.00% CVS HEALTH CORP 18APR19 75 CALL - CVS 4 C -200 USD -269 - Cash and Cash Equivalents
0.00% INTERNATIONAL PAPER CO 29MAR19 49.5 CALL - IP 3 C4 -900 USD -1,208 - Cash and Cash Equivalents
0.00% CATERPILLAR INC 22MAR19 148 CALL - CAT 3 C -300 USD -806 - Cash and Cash Equivalents
0.00% DOWDUPONT INC 22MAR19 57.5 CALL - DWDP 3 -200 USD -269 - Cash and Cash Equivalents
0.00% EATON CORP PLC 22MAR19 82.5 CALL - ETN 3 C -600 USD -10,070 - Cash and Cash Equivalents
0.00% INTERNATIONAL BUSINESS MACHINE 29MAR19 143 CALL - IBM 3 C -200 USD -7,788 - Cash and Cash Equivalents
0.00% JPMORGAN CHASE + CO 29MAR19 110 CALL - JPM 3 C -700 USD -940 - Cash and Cash Equivalents
0.00% MERCK + CO INC 22MAR19 82.5 CALL - MRK 3 C -800 USD -5,371 - Cash and Cash Equivalents
0.00% METLIFE INC 22MAR19 47 CALL - MET 3 C -800 USD -3,222 - Cash and Cash Equivalents
0.00% ABBVIE INC 5APR19 85.5 CALL - ABBV 4 -500 USD -12,420 - Cash and Cash Equivalents
0.00% INTERNATIONAL BUSINESS MACHINE 12APR19 146 CALL - IBM 4 C -700 USD -16,918 - Cash and Cash Equivalents
0.00% INTERNATIONAL PAPER CO 12APR19 49.5 CALL - IP 4 C4 -1,500 USD -11,077 - Cash and Cash Equivalents
0.00% METLIFE INC 5APR19 48 CALL - MET 4 C -1,400 USD -12,219 - Cash and Cash Equivalents
0.00% OCCIDENTAL PETROLEUM CORP 12APR19 69.5 CALL - OXY 4 C -800 USD -18,798 - Cash and Cash Equivalents
0.00% EATON CORP PLC 12APR19 85 CALL - ETN 4 C -600 USD -23,363 - Cash and Cash Equivalents
0.00% CATERPILLAR INC 26APR19 144 CALL - CAT 4 C -200 USD -19,872 - Cash and Cash Equivalents
0.00% BB+T CORP 18APR19 52.5 CALL - BBT 4 C -1,600 USD -2,148 - Cash and Cash Equivalents
0.00% CISCO SYSTEMS INC 18APR19 55 CALL - CSCO 4 -500 USD -16,112 - Cash and Cash Equivalents
0.00% GENERAL MOTORS CO 18APR19 40 CALL - GM 4 C4 -2,600 USD -24,437 - Cash and Cash Equivalents
0.00% MICROSOFT CORP 18APR19 120 CALL - MSFT 4 -200 USD -34,910 - Cash and Cash Equivalents
0.00% PRUDENTIAL FINANCIAL INC 18APR19 100 CALL - PRU 4 C -1,000 USD -13,427 - Cash and Cash Equivalents
0.00% CHEVRON CORP 18APR19 130 CALL - CVX 4 C -800 USD -32,225 - Cash and Cash Equivalents
-0.01% VENTAS INC 17MAY19 67.5 CALL - VTR 5 C -850 USD -68,478 - Cash and Cash Equivalents
-0.01% HOME DEPOT INC/THE 5APR19 192.5 CALL - HD 4 C1 -300 USD -48,337 - Cash and Cash Equivalents
-0.01% PPL CORP 18APR19 33 CALL - PPL 4 C -1,800 USD -60,421 - Cash and Cash Equivalents
-0.01% ABBVIE INC 18APR19 82.5 CALL - ABBV 4 -700 USD -93,989 - Cash and Cash Equivalents
-0.01% OCCIDENTAL PETROLEUM CORP 26APR19 68.5 CALL - OXY 4 C -700 USD -55,454 - Cash and Cash Equivalents
-0.01% VALERO ENERGY CORP 18APR19 90 CALL - VLO 4 C -1,200 USD -101,508 - Cash and Cash Equivalents
-0.01% VENTAS INC 18APR19 65 CALL - VTR 4 C -800 USD -75,191 - Cash and Cash Equivalents
-0.01% SOUTHERN CO/THE 18APR19 52.5 CALL - SO 4 C5 -1,300 USD -101,240 - Cash and Cash Equivalents
-0.01% AT+T INC 12APR19 31.5 CALL - T 4 C31 -1,800 USD -62,838 - Cash and Cash Equivalents
-0.01% CVS HEALTH CORP 18APR19 60 CALL - CVS 4 C -600 USD -40,281 - Cash and Cash Equivalents
-0.01% LOCKHEED MARTIN CORP 18APR19 310 CALL - LMT 4 C -230 USD -38,603 - Cash and Cash Equivalents
-0.01% PFIZER INC 12APR19 42.5 CALL - PFE 4 C -1,500 USD -96,674 - Cash and Cash Equivalents
-0.01% MCDONALD'S CORP 26APR19 192.5 CALL - MCD 4 C -300 USD -74,923 - Cash and Cash Equivalents
-0.02% MICROSOFT CORP 29MAR19 115 CALL - MSFT 3 -300 USD -117,218 - Cash and Cash Equivalents
-0.02% TARGET CORP 18APR19 80 CALL - TGT 4 C -1,200 USD -174,014 - Cash and Cash Equivalents
-0.03% CISCO SYSTEMS INC 29MAR19 51 CALL - CSCO 3 -800 USD -219,129 - Cash and Cash Equivalents
-0.03% PPL CORP 18APR19 32 CALL - PPL 4 C -1,900 USD -219,397 - Cash and Cash Equivalents
-0.03% PUBLIC STORAGE 21JUN19 230 CALL - PSA 6 C -400 USD -230,944 - Cash and Cash Equivalents
-0.04% QUALCOMM INC 22MAR19 56 CALL - QCOM 3 -1,700 USD -283,041 - Cash and Cash Equivalents
-0.04% SOUTHERN CO/THE 22MAR19 50 CALL - SO 3 C5 -1,000 USD -288,680 - Cash and Cash Equivalents
-0.08% VERIZON COMMUNICATIONS INC 22MAR19 57 CALL - VZ 3 C5 -1,700 USD -629,995 - Cash and Cash Equivalents
0.46% CASH - - 1 CAD 3,536,682 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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