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Overview

Fund Profile

Key Facts

Fund Ticker ZWS
Net Assets (Mn)
(Mar 22, 2019)
$ 46.32
Base Currency CAD
Closing Market Price $ 19.32
12-Month Low/High (Market Price) $ 17.25 / $ 20.69
Closing NAV Price
(Mar 22, 2019)
$ 19.2790
12-Month Low/High (Price (NAV)) $ 17.1039 / $ 20.7038
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.

5.83%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.73%

Estimate only. Audited MER is unavailable since the ETF has not yet completed a financial year.

Market Volume 17,130
Distribution Frequency Monthly
Options Available No
Inception Date Mar 02, 2018
Fiscal Year-End December 31
Units Outstanding (000's) 2,403
Index -
Market Cap ($Bn)
(Feb 28, 2019)
0.67
Exchange Toronto Stock Exchange
CUSIP 09661N100
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO US High Dividend Covered Call Hedged to CAD 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 Fund screens for securities for dividend growth, sustainability, and option liquidity. The Fund also dynamically writes covered call options. The option premium provides limited downside protection. The U.S. currency exposure is hedged back to the Canadian dollar. In addition, as ZWS 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 high dividend U.S. companies
  • Call option writing reduces volatility
  • Hedged to mitigate currency impacts
  • 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)
$ 46.32
Market Price $ 19.32
12-Month Low/High (Market Price) $ 17.25 / $ 20.69
Price (NAV) $ 19.2790
12-Month Low/High (Price (NAV)) $ 17.1039 / $ 20.7038
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 19.32 $ -0.28 -1.43%
Price (NAV) $ 19.2790 $ -0.3200 -1.63%

Performance

Annualized Performance

Annualized Performance (%) for period ending: -

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

Calendar Year Performance (%) for period ending: -

YTD 2018
NAV - -
Index - -
Cumulative Performance

Cumulative Performance (%) for period ending: -

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV - - - - - - - - - -
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.

Download Distribution History (Excel)
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 0.095000 0.000000 0.095000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.095000 0.000000 0.095000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.095000 0.000000 0.095000
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

101.56%

Cash and Cash Equivalents

-1.56%

Number of Holdings

2

Total Net Assets

$ 46,323,673.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
101.56% BMO US HIGH DIVIDEND COVERED CALL ETF CA05579F1062 ZWH 2,279,483 CAD 47,044,335 - Stock
-1.56% CASH - - 1 CAD -720,661 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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