Key stats
About BMO COVERED CALL DJ INDL AV HDG CAD SERIES ETF UNITS
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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
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
Finance
Technology Services
Electronic Technology
Retail Trade
Stocks102.24%
Finance20.29%
Technology Services13.97%
Electronic Technology11.27%
Retail Trade10.32%
Health Services7.49%
Health Technology7.40%
Producer Manufacturing7.23%
Consumer Services5.54%
Process Industries4.94%
Commercial Services4.72%
Consumer Non-Durables4.23%
Energy Minerals2.06%
Communications0.54%
Bonds, Cash & Other−2.24%
Rights & Warrants−0.81%
Cash−1.43%
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