Key stats
About BMO ASSET MANAGEMENT INC COVERED CALL UTILITIES ETF
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Inception date
Oct 20, 2011
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
ISIN
CA05590N1042
The fund applies a covered call option (or buy-write) strategy on the utilities segment of the Canadian equity market. The fund holds underlying stock positions on utilities, which is defined widely as it also includes telecommunication and pipeline companies, and writes call options out of the money. 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 and have tax-efficient distributions. The option premium provides investors with limited downside protection. The funds underlying portfolio is equally weighted and undergoes annual rebalancing and reconstitution in June and December, respectively. Options are rolled forward upon expiry.
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
Utilities
Communications
Industrial Services
Stocks95.41%
Utilities51.15%
Communications23.14%
Industrial Services20.61%
Bonds, Cash & Other4.59%
ETF5.12%
Cash−0.10%
Rights & Warrants−0.43%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
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
BMMVF invests in stocks. The fund's major sectors are Utilities, with 51.43% stocks, and Communications, with 23.26% of the basket. The assets are mostly located in the North America region.
BMMVF top holdings are Emera Incorporated and Fortis Inc., occupying 5.29% and 5.25% of the portfolio correspondingly.
BMMVF last dividends amounted to 0.05 USD. The month before, the issuer paid 0.05 USD in dividends, which shows a 0.55% increase.
Yes, BMMVF pays dividends to its holders with the dividend yield of 7.46%. The last dividend (Sep 3, 2025) amounted to 0.05 USD. The dividends are paid monthly.
BMMVF shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Oct 20, 2011, and its management style is Active.
BMMVF expense ratio is 0.94% meaning you'd have to pay 0.94% of your investment to help manage the fund.
BMMVF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BMMVF invests in stocks.
BMMVF trades at a premium (0.71%) meaning the ETF is trading at a higher price than the calculated NAV.