Key stats
About BMO US HIGH DIVID COVERED CALL FUND SERIES ETFU UNITS
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Inception date
Feb 12, 2015
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
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
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
Electronic Technology
Health Technology
Consumer Non-Durables
Finance
Technology Services
Stocks100.82%
Electronic Technology15.69%
Health Technology14.96%
Consumer Non-Durables14.16%
Finance12.61%
Technology Services10.61%
Retail Trade7.90%
Energy Minerals6.31%
Consumer Services4.50%
Utilities4.09%
Communications2.73%
Transportation2.64%
Process Industries2.09%
Producer Manufacturing1.71%
Bonds, Cash & Other−0.82%
Cash−0.40%
Rights & Warrants−0.43%
Stock breakdown by region
North America96.00%
Europe4.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history