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About BMO Covered Call Canadian Banks ETF
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Inception date
Jan 24, 2022
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
ISIN
CA05560U3029
The fund applies a covered call option (or buy-write) strategy on the banking segment of the Canadian financial sector. The fund holds underlying stock positions on banking firms or ETFs with the same exposure 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 rebalanced and reconstituted on a semi-annual basis, and 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
Finance
ETF
Stocks75.46%
Finance75.28%
Bonds, Cash & Other24.54%
ETF24.71%
Cash0.06%
Rights & Warrants−0.23%
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
ZWB.U top holdings are BMO Equal Weight Banks Index ETF CAD Units Trust Unit and Toronto-Dominion Bank, occupying 24.71% and 12.92% of the portfolio correspondingly.
ZWB.U assets under management is 19.69 M USD. It's risen 16.06% over the last month.
ZWB.U fund flows account for 3.68 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, ZWB.U doesn't pay dividends to its holders.
ZWB.U shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Jan 24, 2022, and its management style is Active.
ZWB.U expense ratio is 0.83% meaning you'd have to pay 0.83% of your investment to help manage the fund.
ZWB.U follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWB.U invests in stocks.
ZWB.U price has fallen by −0.49% over the last month, and its yearly performance shows a 16.26% increase. See more dynamics on ZWB.U price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.33% over the last month, showed a 7.36% increase in three-month performance and has increased by 24.79% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.33% over the last month, showed a 7.36% increase in three-month performance and has increased by 24.79% in a year.
ZWB.U trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.