Key stats
About BMO CDN HIGH DIVID COVERED CALL FD SERIES ETF UNITS
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Inception date
Feb 9, 2017
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Eligible Dividends
Primary advisor
BMO Asset Management, Inc.
The fund combines a dividend strategy with a covered call options overlay. Its underlying portfolio holds high yielding Canadian dividend equities that are screened for dividend payout sustainability and positive 3-year dividend growth. Underlying portfolio securities are selected and weighted by dividend yield. The fund holds underlying stock positions on this portfolio and writes call options out of the money. The 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, which provide 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
Stocks100.69%
Finance40.29%
Industrial Services9.71%
Communications9.32%
Non-Energy Minerals7.97%
Energy Minerals7.93%
Transportation7.87%
Utilities7.87%
Retail Trade4.54%
Technology Services3.01%
Producer Manufacturing1.49%
Bonds, Cash & Other−0.69%
Cash−0.34%
Rights & Warrants−0.34%
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