loading...
Overview

Fund Profile

Key Facts

Fund Ticker ZWU
Net Assets (Mn)
(Mar 22, 2019)
$ 783.99
Base Currency CAD
Closing Market Price $ 13.52
12-Month Low/High (Market Price) $ 11.80 / $ 13.52
Closing NAV Price
(Mar 22, 2019)
$ 13.5006
12-Month Low/High (Price (NAV)) $ 11.7542 / $ 13.5006
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.

6.27%
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.71%
Market Volume 240,002
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 58,071
Index -
Market Cap ($Bn)
(Feb 28, 2019)
1,216.44
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. In addition, as ZWU 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 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

Download

Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Mar 22, 2019)
$ 783.99
Market Price $ 13.52
12-Month Low/High (Market Price) $ 11.80 / $ 13.52
Price (NAV) $ 13.5006
12-Month Low/High (Price (NAV)) $ 11.7542 / $ 13.5006
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 13.52 $ 0.02 0.15%
Price (NAV) $ 13.5006 $ 0.0300 0.22%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 12.88% 4.10% 7.75% 4.21% - 4.76%
Index - - - - - -
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013 2012 2011
NAV 9.94% -5.59% 5.68% 19.52% -15.24% 14.39% 1.63% 3.88% 4.97%
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 9.94% 3.38% 4.69% 6.80% 12.88% 8.37% 25.11% 22.88% - 40.86%
Index - - - - - - - - - -

Download

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 0.070000 0.000000 0.070000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.070000 0.000000 0.070000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.070000 0.000000 0.070000
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.

- - - - - - - - -

Download

Holdings & Allocations

Daily Holdings

As of Mar 22, 2019

Stock

101.12%

Cash and Cash Equivalents

-1.12%

Number of Holdings

63

Total Net Assets

$ 783,991,020.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.76% EMERA INC CA2908761018 EMA 902,975 CAD 45,130,691 Utilities Stock
5.73% SOUTHERN CO/THE US8425871071 SO 644,600 USD 44,902,369 Utilities Stock
5.55% VERIZON COMMUNICATIONS INC US92343V1044 VZ 541,966 USD 43,487,217 Communication Services Stock
5.53% TRANSCANADA CORP CA89353D1078 TRP 714,652 CAD 43,357,937 Energy Stock
5.51% PEMBINA PIPELINE CORP CA7063271034 PPL 870,952 CAD 43,207,929 Energy Stock
5.51% PPL CORP US69351T1060 PPL 999,811 USD 43,213,344 Utilities Stock
5.49% EXELON CORP US30161N1019 EXC 637,126 USD 43,012,985 Utilities Stock
5.46% FORTIS INC/CANADA CA3495531079 FTS 860,391 CAD 42,770,037 Utilities Stock
5.41% BCE INC CA05534B7604 BCE 716,774 CAD 42,411,518 Communication Services Stock
5.41% TELUS CORP CA87971M1032 T 868,746 CAD 42,394,805 Communication Services Stock
5.40% ENBRIDGE INC CA29250N1050 ENB 860,826 CAD 42,326,814 Energy Stock
5.38% DUKE ENERGY CORP US26441C2044 DUK 346,653 USD 42,216,404 Utilities Stock
5.37% BMO EQUAL WEIGHT UTILITIES INDEX ETF CA05590D1069 ZUT 2,336,406 CAD 42,121,171 - Stock
5.34% AT&T INC US00206R1023 T 1,003,949 USD 41,882,432 Communication Services Stock
5.21% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 561,564 CAD 40,825,703 Communication Services Stock
3.75% CANADIAN UTILITIES LTD CA1367178326 CU 805,870 CAD 29,382,020 Utilities Stock
3.66% INTER PIPELINE LTD CA45833V1094 IPL 1,317,344 CAD 28,691,752 Energy Stock
3.39% HYDRO ONE LTD CA4488112083 H 1,292,477 CAD 26,560,402 Utilities Stock
3.30% GIBSON ENERGY INC CA3748252069 GEI 1,131,209 CAD 25,870,750 Energy Stock
2.71% ALTAGAS LTD CA0213611001 ALA 1,188,916 CAD 21,245,929 Utilities Stock
2.27% TRANSALTA CORP CA89346D1078 TA 1,958,522 CAD 17,783,380 Utilities Stock
0.00% TRANSALTA CORP 18APR19 7 CALL - TA 4 C7 -112 CAD -23,464 - Cash and Cash Equivalents
0.00% HYDRO ONE LTD 18APR19 21.5 CALL - H 4 C21 -3,000 CAD -15,000 - Cash and Cash Equivalents
0.00% ALTAGAS LTD 18APR19 19 CALL - ALA 4 C -3,000 CAD -16,500 - Cash and Cash Equivalents
-0.01% INTER PIPELINE LTD 18APR19 22 CALL - IPL 4 C -3,200 CAD -96,000 - Cash and Cash Equivalents
-0.01% PPL CORP 18APR19 33 CALL - PPL 4 C -2,500 USD -83,919 - Cash and Cash Equivalents
-0.01% AT+T INC 12APR19 31.5 CALL - T 4 C31 -2,800 USD -97,749 - Cash and Cash Equivalents
-0.01% ROGERS COMMUNICATIONS INC 18APR19 74 CALL - RCI 4 C -1,700 CAD -93,500 - Cash and Cash Equivalents
-0.01% BCE INC 17MAY19 61 CALL - BCE 5 C -1,800 CAD -52,200 - Cash and Cash Equivalents
-0.01% BCE INC 18APR19 60 CALL - BCE 4 C -2,000 CAD -48,000 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT UTILITIES IND 17MAY19 18 CALL - ZUT 5 C -3,000 CAD -67,500 - Cash and Cash Equivalents
-0.01% GIBSON ENERGY INC 17MAY19 24 CALL - GEI 5 C -2,300 CAD -57,500 - Cash and Cash Equivalents
-0.01% HYDRO ONE LTD 17MAY19 21 CALL - H 5 C21 -3,500 CAD -87,500 - Cash and Cash Equivalents
-0.01% TRANSCANADA CORP 17MAY19 62 CALL - TRP 5 C -1,400 CAD -88,900 - Cash and Cash Equivalents
-0.01% ENBRIDGE INC 17MAY19 51 CALL - ENB 5 C -2,300 CAD -73,600 - Cash and Cash Equivalents
-0.01% FORTIS INC/CANADA 17MAY19 51 CALL - FTS 5 C -2,100 CAD -96,600 - Cash and Cash Equivalents
-0.01% INTER PIPELINE LTD 17MAY19 23 CALL - IPL 5 C -3,600 CAD -39,600 - Cash and Cash Equivalents
-0.01% PEMBINA PIPELINE CORP 17MAY19 51 CALL - PPL 5 C -2,200 CAD -95,700 - Cash and Cash Equivalents
-0.01% AT+T INC 26APR19 32 CALL - T 4 C32 -2,800 USD -101,508 - Cash and Cash Equivalents
-0.01% ALTAGAS LTD 17MAY19 19 CALL - ALA 5 C -3,000 CAD -67,500 - Cash and Cash Equivalents
-0.02% DUKE ENERGY CORP 18APR19 92.5 CALL - DUK 4 C -1,700 USD -136,955 - Cash and Cash Equivalents
-0.02% ENBRIDGE INC 18APR19 49 CALL - ENB 4 C -2,200 CAD -176,000 - Cash and Cash Equivalents
-0.02% GIBSON ENERGY INC 18APR19 22 CALL - GEI 4 C -2,000 CAD -185,000 - Cash and Cash Equivalents
-0.02% PEMBINA PIPELINE CORP 18APR19 50 CALL - PPL 4 C -2,500 CAD -118,750 - Cash and Cash Equivalents
-0.02% ROGERS COMMUNICATIONS INC 17MAY19 74 CALL - RCI 5 C -1,400 CAD -165,200 - Cash and Cash Equivalents
-0.02% SOUTHERN CO/THE 18APR19 52.5 CALL - SO 4 C5 -1,600 USD -124,603 - Cash and Cash Equivalents
-0.02% CANADIAN UTILITIES LTD 17MAY19 37 CALL - CU 5 C3 -2,000 CAD -120,000 - Cash and Cash Equivalents
-0.02% TRANSALTA CORP 17MAY19 9 CALL - TA 5 C9 -3,000 CAD -126,000 - Cash and Cash Equivalents
-0.03% CANADIAN UTILITIES LTD 18APR19 35.5 CALL - CU 4 C3 -2,000 CAD -240,000 - Cash and Cash Equivalents
-0.03% TELUS CORP 18APR19 48 CALL - T 4 C48 -2,200 CAD -239,800 - Cash and Cash Equivalents
-0.03% GIBSON ENERGY INC 17MAY19 22 CALL - GEI 5 C -2,000 CAD -230,000 - Cash and Cash Equivalents
-0.03% EMERA INC 17MAY19 50 CALL - EMA 5 C -2,300 CAD -207,000 - Cash and Cash Equivalents
-0.03% TELUS CORP 17MAY19 49 CALL - T 5 C49 -2,500 CAD -220,000 - Cash and Cash Equivalents
-0.04% PPL CORP 18APR19 32 CALL - PPL 4 C -2,600 USD -300,228 - Cash and Cash Equivalents
-0.04% TRANSALTA CORP 18APR19 8 CALL - TA 4 C8 -3,000 CAD -336,000 - Cash and Cash Equivalents
-0.05% BMO EQUAL WEIGHT UTILITIES IND 18APR19 17 CALL - ZUT 4 C -4,000 CAD -410,000 - Cash and Cash Equivalents
-0.05% VERIZON COMMUNICATIONS INC 29MAR19 59 CALL - VZ 3 C5 -2,800 USD -402,273 - Cash and Cash Equivalents
-0.06% EXELON CORP 18APR19 50 CALL - EXC 4 C -3,500 USD -498,142 - Cash and Cash Equivalents
-0.07% SOUTHERN CO/THE 22MAR19 50 CALL - SO 3 C5 -1,800 USD -519,625 - Cash and Cash Equivalents
-0.07% EMERA INC 18APR19 48 CALL - EMA 4 C -2,500 CAD -562,500 - Cash and Cash Equivalents
-0.07% FORTIS INC/CANADA 18APR19 48 CALL - FTS 4 C -2,400 CAD -513,600 - Cash and Cash Equivalents
-0.09% TRANSCANADA CORP 18APR19 58 CALL - TRP 4 C -2,300 CAD -687,700 - Cash and Cash Equivalents
-0.13% CASH - - 1 CAD -982,769 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Download