BMO ASSET MANAGEMENT INC COVERED CALL UTILITIES ETFBMO ASSET MANAGEMENT INC COVERED CALL UTILITIES ETFBMO ASSET MANAGEMENT INC COVERED CALL UTILITIES ETF

BMO ASSET MANAGEMENT INC COVERED CALL UTILITIES ETF

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Key stats


Assets under management (AUM)
‪1.35 B‬USD
Fund flows (1Y)
Dividend yield (indicated)
7.45%
Discount/Premium to NAV
0.7%
Shares outstanding
‪120.01 M‬
Expense ratio
0.94%

About BMO ASSET MANAGEMENT INC COVERED CALL UTILITIES ETF


Brand
BMO
Home page
Inception date
Oct 20, 2011
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
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.

Broaden your horizons with more funds linked to BMMVF via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Utilities
Niche
Broad-based
Strategy
Active
Geography
Canada
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Utilities
Communications
Industrial Services
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BMMVF trades at 8.14 USD today, its price has risen 1.89% in the past 24 hours. Track more dynamics on BMMVF price chart.
BMMVF net asset value is 8.15 today — it's risen 3.73% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BMMVF assets under management is ‪1.35 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BMMVF invests in stocks. See more details in our Analysis section.
BMMVF expense ratio is 0.94%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BMMVF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BMMVF technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BMMVF shows the neutral signal. See more of BMMVF technicals for a more comprehensive analysis.
Yes, BMMVF pays dividends to its holders with the dividend yield of 7.45%.
BMMVF trades at a premium (0.71%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BMMVF shares are issued by Bank of Montreal
BMMVF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 20, 2011.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.