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About BMO Covered Call US Banks ETF
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Inception date
Feb 15, 2019
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
BMO Asset Management, Inc.
ISIN
CA05586H1038
The fund applies a covered call option (or buy-write) strategy on the banking segment of the U.S. financial sector. The fund holds underlying stock positions on banking firms 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
Stocks98.55%
Finance98.33%
Bonds, Cash & Other1.45%
ETF1.26%
Cash0.41%
Rights & Warrants−0.22%
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
ZWK top holdings are Citizens Financial Group, Inc. and Regions Financial Corporation, occupying 7.00% and 6.96% of the portfolio correspondingly.
ZWK last dividends amounted to 0.14 CAD. The month before, the issuer paid 0.14 CAD in dividends,
ZWK assets under management is 353.74 M CAD. It's risen 2.80% over the last month.
ZWK fund flows account for −52.35 M CAD (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.
Yes, ZWK pays dividends to its holders with the dividend yield of 6.66%. The last dividend (Sep 3, 2025) amounted to 0.14 CAD. The dividends are paid monthly.
ZWK shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Feb 15, 2019, and its management style is Active.
ZWK expense ratio is 0.98% meaning you'd have to pay 0.98% of your investment to help manage the fund.
ZWK follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWK invests in stocks.
ZWK price has risen by 5.66% over the last month, and its yearly performance shows a 17.48% increase. See more dynamics on ZWK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.05% over the last month, showed a 16.47% increase in three-month performance and has increased by 27.45% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.05% over the last month, showed a 16.47% increase in three-month performance and has increased by 27.45% in a year.
ZWK trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.