Key stats
About BMO US High Dividend Covered Call ETF
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Inception date
Feb 12, 2015
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
ISIN
CA05579F1146
The fund combines a dividend strategy with a covered call options overlay. Its underlying portfolio holds high yielding U.S. dividend equities that are screened for dividend payout sustainability and positive 3-year dividend growth. Underlying portfolio securities are selected and weighted by dividend yield. The fund holds underlying stock positions on this portfolio and writes call options out of the money. The call options, which are either exchange-traded or over-the-counter, are selected based on the option's implied volatility. The funds strategy enables investors to earn call option premiums, which provide limited downside protection.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Health Technology
Consumer Non-Durables
Finance
Technology Services
Stocks100.17%
Electronic Technology15.60%
Health Technology14.51%
Consumer Non-Durables13.45%
Finance12.68%
Technology Services11.21%
Retail Trade8.22%
Energy Minerals6.55%
Consumer Services4.29%
Utilities4.18%
Communications2.89%
Transportation2.17%
Producer Manufacturing2.14%
Process Industries1.94%
Bonds, Cash & Other−0.17%
Cash0.16%
Rights & Warrants−0.33%
Stock breakdown by region
North America96.55%
Europe3.45%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZWH.U invests in stocks. The fund's major sectors are Electronic Technology, with 15.66% stocks, and Health Technology, with 14.56% of the basket. The assets are mostly located in the North America region.
ZWH.U top holdings are Apple Inc. and AbbVie, Inc., occupying 4.32% and 4.23% of the portfolio correspondingly.
ZWH.U assets under management is 77.35 M USD. It's fallen 1.76% over the last month.
ZWH.U fund flows account for −1.54 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ZWH.U doesn't pay dividends to its holders.
ZWH.U shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Feb 12, 2015, and its management style is Active.
ZWH.U expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
ZWH.U follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWH.U invests in stocks.
ZWH.U price has fallen by −0.08% over the last month, and its yearly performance shows a −1.99% decrease. See more dynamics on ZWH.U price chart.
NAV returns, another gauge of an ETF dynamics, showed a 5.10% increase in three-month performance and has increased by 5.16% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 5.10% increase in three-month performance and has increased by 5.16% in a year.
ZWH.U trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.