Key stats
About BMO COVERED CALL CANADIAN BK ETF CAD UNITS
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Inception date
Jan 28, 2011
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
Distributor
BMO Asset Management Corp.
The fund applies a covered call option (or buy-write) strategy on the banking segment of the Canadian financial sector. The fund holds underlying stock positions on banking firms or ETFs with the same exposure 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
ETF
Stocks71.46%
Finance71.10%
Bonds, Cash & Other28.54%
ETF28.63%
Cash0.43%
Rights & Warrants−0.51%
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
ZWB top holdings are BMO Equal Weight Banks Index ETF CAD Units Trust Unit and Canadian Imperial Bank of Commerce, occupying 28.63% and 12.53% of the portfolio correspondingly.
ZWB last dividends amounted to 0.11 CAD. The month before, the issuer paid 0.11 CAD in dividends,
ZWB assets under management is 3.04 B CAD. It's risen 6.14% over the last month.
ZWB fund flows account for −236.53 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, ZWB pays dividends to its holders with the dividend yield of 6.65%. The last dividend (May 2, 2025) amounted to 0.11 CAD. The dividends are paid monthly.
ZWB shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Jan 28, 2011, and its management style is Active.
ZWB expense ratio is 0.83% meaning you'd have to pay 0.83% of your investment to help manage the fund.
ZWB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWB invests in stocks.
ZWB price has risen by 8.26% over the last month, and its yearly performance shows a 10.00% increase. See more dynamics on ZWB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.67% over the last month, showed a 3.33% increase in three-month performance and has increased by 17.18% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.67% over the last month, showed a 3.33% increase in three-month performance and has increased by 17.18% in a year.
ZWB trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.