Key stats
About BMO EUROPE HIGH DIVID COVERED FUND SERIES ETF UNITS
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Inception date
Mar 2, 2018
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Ordinary income
Primary advisor
BMO Asset Management, Inc.
The fund combines a dividend strategy with a covered call options overlay. Its underlying portfolio holds high yielding European 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
Consumer Non-Durables
Producer Manufacturing
Health Technology
Stocks99.46%
Finance22.10%
Consumer Non-Durables15.89%
Producer Manufacturing11.86%
Health Technology11.19%
Energy Minerals8.21%
Consumer Durables5.86%
Communications5.85%
Utilities5.02%
Electronic Technology4.23%
Non-Energy Minerals3.78%
Technology Services2.47%
Commercial Services2.02%
Bonds, Cash & Other0.54%
Cash1.54%
Miscellaneous−1.00%
Stock breakdown by region
Europe100.00%
North America0.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history