BMO US HIGH DIVID COVERED CALL FUND SERIES ETFU UNITSBMO US HIGH DIVID COVERED CALL FUND SERIES ETFU UNITSBMO US HIGH DIVID COVERED CALL FUND SERIES ETFU UNITS

BMO US HIGH DIVID COVERED CALL FUND SERIES ETFU UNITS

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Key stats


Assets under management (AUM)
‪76.94 M‬USD
Fund flows (1Y)
‪−2.34 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.1%
Shares outstanding
‪3.30 M‬
Expense ratio
0.79%

About BMO US HIGH DIVID COVERED CALL FUND SERIES ETFU UNITS


Brand
BMO
Home page
Inception date
Feb 12, 2015
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
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 U.S. 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


Asset Class
Equity
Category
High dividend yield
Focus
High dividend yield
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Stocks
Electronic Technology
Health Technology
Consumer Non-Durables
Finance
Technology Services
Stock breakdown by region
96%3%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.