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Overview

Fund Profile

Key Facts

Fund Ticker ZWU
Net Assets (Mn)
(Jan 18, 2019)
$ 739.98
Base Currency CAD
Closing Market Price $ 12.79
12-Month Low/High (Market Price) $ 11.80 / $ 13.41
Closing NAV Price
(Jan 18, 2019)
$ 12.7646
12-Month Low/High (Price (NAV)) $ 11.7542 / $ 13.4051
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.

6.67%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.71%
Market Volume 135,069
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 57,971
Index -
Market Cap ($Bn)
(Dec 31, 2018)
1,160.33
Exchange TSX
CUSIP 05590N104
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Covered Call Utilities ETF has been designed to provide exposure to an equal weight portfolio of utilities, telecoms and pipeline companies, while earning call option premiums. The call options are written out of the money, selected based on the option's implied volatility, and are written in proportion to the securities weight. The option premium provides limited downside protection. The underlying portfolio is rebalanced in June and reconstituted in December. Options are rolled forward upon expiry.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of utilities, including telecommunications and pipeline 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)
$ 739.98
Market Price $ 12.79
12-Month Low/High (Market Price) $ 11.80 / $ 13.41
Price (NAV) $ 12.7646
12-Month Low/High (Price (NAV)) $ 11.7542 / $ 13.4051
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 12.79 $ 0.09 0.71%
Price (NAV) $ 12.7646 $ 0.0624 0.49%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -5.59% -0.11% 6.05% 2.95% - 3.50%
Index - - - - - -
Calendar Performance

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

YTD 2017 2016 2015 2014 2013 2012 2011
NAV -5.59% 5.68% 19.52% -15.24% 14.39% 1.63% 3.88% 4.97%
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 -5.59% -4.77% -1.39% -1.87% -5.59% -0.22% 19.25% 15.62% - 28.13%
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

98.90%

Cash and Cash Equivalents

1.10%

Number of Holdings

72

Total Net Assets

$ 739,977,206.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.73% ENBRIDGE INC CA29250N1050 - 884,301 CAD 42,366,861 Energy Stock
5.52% EMERA INC CA2908761018 EMA 909,406 CAD 40,859,612 Utilities Stock
5.45% PPL CORP US69351T1060 PPL 1,011,067 USD 40,359,697 Utilities Stock
5.45% SOUTHERN CO/THE US8425871071 SO 643,490 USD 40,336,881 Utilities Stock
5.44% TRANSCANADA CORP CA89353D1078 TRP 728,396 CAD 40,273,015 Energy Stock
5.43% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 553,110 CAD 40,161,317 Communication Services Stock
5.42% BCE INC CA05534B7604 BCE 718,535 CAD 40,115,809 Communication Services Stock
5.39% PEMBINA PIPELINE CORP CA7063271034 PPL 879,635 CAD 39,873,855 Energy Stock
5.38% FORTIS INC/CANADA CA3495531079 FTS 858,909 CAD 39,827,610 Utilities Stock
5.34% VERIZON COMMUNICATIONS INC US92343V1044 VZ 521,067 USD 39,490,092 Communication Services Stock
5.29% TELUS CORP CA87971M1032 T 847,284 CAD 39,144,521 Communication Services Stock
5.28% BMO EQUAL WEIGHT UTILITIES INDEX ETF CA05590D1069 ZUT 2,356,507 CAD 39,050,432 - Stock
5.27% EXELON CORP US30161N1019 EXC 637,227 USD 38,979,940 Utilities Stock
5.12% AT&T INC US00206R1023 T 922,358 USD 37,908,360 Communication Services Stock
5.11% DUKE ENERGY CORP US26441C2044 DUK 333,078 USD 37,848,985 Utilities Stock
3.75% INTER PIPELINE LTD CA45833V1094 IPL 1,285,127 CAD 27,733,041 Energy Stock
3.62% CANADIAN UTILITIES LTD CA1367178326 CU 804,482 CAD 26,821,430 Utilities Stock
3.56% HYDRO ONE LTD CA4488112083 H 1,290,251 CAD 26,372,730 Utilities Stock
3.36% GIBSON ENERGY INC CA3748252069 - 1,244,126 CAD 24,882,520 Energy Stock
2.20% ALTAGAS LTD CA0213611001 ALA 1,161,912 CAD 16,290,006 Utilities Stock
1.77% TRANSALTA CORP CA89346D1078 TA 2,005,063 CAD 13,113,112 Utilities Stock
0.00% PPL CORP 18JAN19 33 CALL - PPL 1 C -5,250 USD -6,969 - Cash and Cash Equivalents
0.00% EXELON CORP 18JAN19 48 CALL - EXC 1 C -3,900 USD -5,177 - Cash and Cash Equivalents
0.00% DUKE ENERGY CORP 18JAN19 90 CALL - DUK 1 C -1,500 USD -1,991 - Cash and Cash Equivalents
0.00% GIBSON ENERGY INC 18JAN19 24 CALL - GEI 1 C -2,000 CAD -7,000 - Cash and Cash Equivalents
0.00% FORTIS INC/CANADA 18JAN19 48 CALL - FTS 1 C -2,400 CAD -9,600 - Cash and Cash Equivalents
0.00% INTER PIPELINE LTD 18JAN19 24 CALL - IPL 1 C -3,000 CAD -27,000 - Cash and Cash Equivalents
0.00% TELUS CORP 18JAN19 48 CALL - T 1 C48 -2,000 CAD -2,000 - Cash and Cash Equivalents
0.00% AT+T INC 18JAN19 32 CALL - T 1 C32 -2,600 USD -3,451 - Cash and Cash Equivalents
0.00% EMERA INC 18JAN19 46 CALL - EMA 1 C -2,400 CAD -13,200 - Cash and Cash Equivalents
0.00% ALTAGAS LTD 18JAN19 19 CALL - ALA 1 C -2,000 CAD -11,000 - Cash and Cash Equivalents
0.00% PEMBINA PIPELINE CORP 18JAN19 47 CALL - PPL 1 C -2,200 CAD -8,800 - Cash and Cash Equivalents
0.00% SOUTHERN CO/THE 18JAN19 50 CALL - SO 1 C5 -1,800 USD -2,389 - Cash and Cash Equivalents
0.00% TRANSALTA CORP 18JAN19 7.5 CALL - TA 1 C7 -3,000 CAD -12,000 - Cash and Cash Equivalents
0.00% ROGERS COMMUNICATIONS INC 18JAN19 73 CALL - RCI 1 C -1,500 CAD -11,250 - Cash and Cash Equivalents
0.00% HYDRO ONE LTD 15FEB19 21.5 CALL - H 2 C21 -3,000 CAD -24,000 - Cash and Cash Equivalents
0.00% HYDRO ONE LTD 18JAN19 22 CALL - H 1 C22 -2,500 CAD -11,250 - Cash and Cash Equivalents
0.00% BCE INC 18JAN19 57.5 CALL - BCE 1 C -1,800 CAD -9,900 - Cash and Cash Equivalents
0.00% VERIZON COMMUNICATIONS INC 18JAN19 60 CALL - VZ 1 C6 -1,800 USD -2,389 - Cash and Cash Equivalents
0.00% GIBSON ENERGY INC 18JAN19 20 CALL - GEI 1 C -2,000 CAD -20,000 - Cash and Cash Equivalents
0.00% TELUS CORP 15FEB19 48 CALL - T 2 C48 -2,200 CAD -28,600 - Cash and Cash Equivalents
0.00% DUKE ENERGY CORP 18JAN19 95 CALL - DUK 1 C -500 USD -664 - Cash and Cash Equivalents
-0.01% TRANSCANADA CORP 18JAN19 55 CALL - TRP 1 C -1,600 CAD -43,200 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT UTILITIES IND 18JAN19 16.5 CALL - ZUT 1 C -3,000 CAD -46,500 - Cash and Cash Equivalents
-0.01% BCE INC 15FEB19 58 CALL - BCE 2 C -2,000 CAD -40,000 - Cash and Cash Equivalents
-0.01% EMERA INC 15FEB19 46 CALL - EMA 2 C -2,500 CAD -80,000 - Cash and Cash Equivalents
-0.01% FORTIS INC/CANADA 15FEB19 48 CALL - FTS 2 C -2,500 CAD -51,250 - Cash and Cash Equivalents
-0.01% SOUTHERN CO/THE 15FEB19 48 CALL - SO 2 C4 -1,800 USD -93,190 - Cash and Cash Equivalents
-0.01% AT+T INC - - -2,800 USD -89,208 - Cash and Cash Equivalents
-0.01% BCE INC - - -1,800 CAD -75,600 - Cash and Cash Equivalents
-0.01% FORTIS INC/CANADA - - -2,100 CAD -79,800 - Cash and Cash Equivalents
-0.01% GIBSON ENERGY INC - - -2,300 CAD -46,000 - Cash and Cash Equivalents
-0.01% ROGERS COMMUNICATIONS INC - - -1,300 CAD -81,250 - Cash and Cash Equivalents
-0.01% SOUTHERN CO/THE - - -1,600 USD -70,092 - Cash and Cash Equivalents
-0.01% TRANSALTA CORP - - -3,000 CAD -37,500 - Cash and Cash Equivalents
-0.01% ALTAGAS LTD - - -3,000 CAD -75,000 - Cash and Cash Equivalents
-0.01% ALTAGAS LTD - - -3,000 CAD -45,000 - Cash and Cash Equivalents
-0.01% AT+T INC 15FEB19 32 CALL - T 2 C32 -2,100 USD -75,269 - Cash and Cash Equivalents
-0.01% EMERA INC - - -2,300 CAD -81,650 - Cash and Cash Equivalents
-0.02% CANADIAN UTILITIES LTD 18JAN19 32.5 CALL - CU 1 C3 -2,000 CAD -140,000 - Cash and Cash Equivalents
-0.02% CANADIAN UTILITIES LTD 15FEB19 33 CALL - CU 2 C3 -2,000 CAD -130,000 - Cash and Cash Equivalents
-0.02% GIBSON ENERGY INC 15FEB19 20 CALL - GEI 2 C -2,000 CAD -120,000 - Cash and Cash Equivalents
-0.02% ROGERS COMMUNICATIONS INC 15FEB19 73 CALL - RCI 2 C -1,600 CAD -182,400 - Cash and Cash Equivalents
-0.02% INTER PIPELINE LTD - - -3,600 CAD -144,000 - Cash and Cash Equivalents
-0.02% PEMBINA PIPELINE CORP - - -2,200 CAD -156,200 - Cash and Cash Equivalents
-0.03% INTER PIPELINE LTD 15FEB19 21 CALL - IPL 2 C -3,200 CAD -224,000 - Cash and Cash Equivalents
-0.03% PEMBINA PIPELINE CORP 15FEB19 45 CALL - PPL 2 C -2,500 CAD -205,000 - Cash and Cash Equivalents
-0.03% VERIZON COMMUNICATIONS INC - - -2,800 USD -193,284 - Cash and Cash Equivalents
-0.06% ENBRIDGE INC 15FEB19 46 CALL - ENB 2 C -2,200 CAD -462,000 - Cash and Cash Equivalents
-0.06% TRANSCANADA CORP 15FEB19 54 CALL - TRP 2 C -2,300 CAD -425,500 - Cash and Cash Equivalents
-0.07% ENBRIDGE INC 18JAN19 45.5 CALL - ENB 1 C -2,500 CAD -532,500 - Cash and Cash Equivalents
1.68% CASH - - 1 CAD 12,411,167 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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