Key stats
About BMO US HIGH DIVID COVERED CALL ETF TRUST UNITS USD
Expense ratio
0.79%
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Inception date
Feb 6, 2015
The fund combines a dividend strategy with a covered call options overlay. Its underlying portfolio holds high yielding U.S. 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
What's in the fund
Exposure type
Finance
Technology Services
Health Technology
Consumer Non-Durables
Electronic Technology
Stock breakdown by region