Key stats
About BMO COVERED CALL HEALTH CARE SERIES ETF UNITS
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Inception date
Jan 23, 2023
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Distributes
Capital Gains
Tax on distributions
Ordinary income
Primary advisor
BMO Asset Management, Inc.
The fund applies a covered call option (or buy-write) strategy on the health care segment of the US equity market. The fund holds underlying stock positions on health care and health care-related companies, 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
Health Technology
Health Services
Stocks101.28%
Health Technology84.89%
Health Services15.11%
Bonds, Cash & Other−1.28%
Cash−0.56%
Rights & Warrants−0.73%
Stock breakdown by region
North America95.04%
Europe4.96%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history