Key stats
About BMO COVERED CALL DJ INDL AV HDG CAD COVERED CALL DOW JONES IND AVG ETF HGD
Home page
Inception date
Oct 20, 2011
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Return of Capital
Primary advisor
BMO Asset Management, Inc.
The fund applies a covered call option (or buy-write) strategy on the Dow Jones Industrial Average (DJIA), which is a price-weighted index of 30 US blue-chip companies selected by editors of the Wall Street Journal. The fund holds underlying stock positions on the DJIA 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.
Classification
What's in the fund
Exposure type
Finance
Technology Services
Electronic Technology
Retail Trade
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.