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BMO Covered Call U.S. High Dividend ETF Fund Series A

U.S. Div & Inc Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-12-2024)
$12.08
Change
-$0.02 (-0.19%)

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

BMO Covered Call U.S. High Dividend ETF Fund Series A

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Fund Returns

Inception Return (April 28, 2016): 7.95%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 2.23% 3.54% 9.56% 8.83% 14.75% 8.85% 8.46% 11.48% 8.48% 7.59% 6.79% 7.41% - -
Benchmark 4.13% 4.42% 16.83% 14.76% 28.51% 19.27% 14.11% 16.24% 15.99% 14.69% 13.97% 14.82% 13.94% 15.30%
Category Average 2.98% - - - - - - - - - - - - -
Category Rank 173 / 229 137 / 228 183 / 228 177 / 228 194 / 224 157 / 217 133 / 213 150 / 211 166 / 197 140 / 172 116 / 147 113 / 129 - -
Quartile Ranking 4 3 4 4 4 3 3 3 4 4 4 4 - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 2.05% 2.69% 0.53% -3.41% -0.63% 3.58% 0.66% 2.47% 2.57% 3.67% -2.31% 2.23%
Benchmark 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07% -2.70% 4.13%

Best Monthly Return Since Inception

10.46% (November 2020)

Worst Monthly Return Since Inception

-12.55% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 4.60% -0.05% 15.46% -1.20% 22.84% -0.96% 3.50%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average - - - - - - - - - -
Quartile Ranking - - - 3 2 4 4 3 2 4
Category Rank - - - 102/ 142 84/ 170 183/ 196 168/ 211 117/ 213 67/ 216 183/ 217

Best Calendar Return (Last 10 years)

22.84% (2021)

Worst Calendar Return (Last 10 years)

-1.20% (2020)

Asset Allocation

Asset Allocation
Name Percent
US Equity 95.45
International Equity 3.83
Cash and Equivalents 0.71
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 22.56
Healthcare 16.39
Consumer Goods 13.59
Financial Services 12.64
Consumer Services 8.19
Other 26.63

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.17
Europe 3.83

Top Holdings

Top Holdings
Name Percent
BMO US High Dividend Covered Call ETF (ZWH) 99.55
CAD Currency 0.38
USD Currency 0.07

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Covered Call U.S. High Dividend ETF Fund Series A

Median

Other - U.S. Div & Inc Equity

3 Yr Annualized

Standard Deviation 10.80% 13.27% -
Beta 0.64% 0.81% -
Alpha 0.00% -0.04% -
Rsquared 0.75% 0.75% -
Sharpe 0.54% 0.53% -
Sortino 0.86% 0.68% -
Treynor 0.09% 0.09% -
Tax Efficiency 75.79% 74.90% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.88% 10.80% 13.27% -
Beta 0.61% 0.64% 0.81% -
Alpha -0.02% 0.00% -0.04% -
Rsquared 0.84% 0.75% 0.75% -
Sharpe 1.18% 0.54% 0.53% -
Sortino 2.45% 0.86% 0.68% -
Treynor 0.15% 0.09% 0.09% -
Tax Efficiency 87.22% 75.79% 74.90% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date April 28, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $135

Fund Codes

FundServ Code Load Code Sales Status
BMO70766
BMO766

Investment Objectives

This fund's objective is to provide a return that is similar to the return of one or more exchange traded funds that invest primarily in dividend paying U.S. companies while mitigating downside risk.

Investment Strategy

These are the strategies the portfolio manager uses to try to achieve the fund’s objectives: invests up to 100% of the fund’s assets in securities of BMO U.S. High Dividend Covered Call ETF; BMO US High Dividend Covered Call ETF seeks to provide exposure to the performance of a portfolio of dividend paying U.S. companies to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options.

Portfolio Manager(s)

Name Start Date
Chris Heakes 04-18-2016
Chris McHaney 04-18-2016

Management and Organization

Fund Manager BMO Investments Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar BMO Investments Inc.
Distributor BMO Investments Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.64%
Management Fee 1.45%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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