BMO COVERED CALL ENE ETF CAD UNITSBMO COVERED CALL ENE ETF CAD UNITSBMO COVERED CALL ENE ETF CAD UNITS

BMO COVERED CALL ENE ETF CAD UNITS

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Key stats


Assets under management (AUM)
‪95.42 M‬CAD
Fund flows (1Y)
‪54.68 M‬CAD
Dividend yield (indicated)
9.70%
Discount/Premium to NAV
0.2%
Shares outstanding
‪3.50 M‬
Expense ratio
0.85%

About BMO COVERED CALL ENE ETF CAD UNITS


Brand
BMO
Home page
Inception date
Jan 23, 2023
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
The fund applies a covered call option (or buy-write) strategy on the renewable energy theme of the global equity market. The fund holds underlying stock positions on renewable energy companies, 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.

Broaden your horizons with more funds linked to ZWEN via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Renewable energy
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Energy Minerals
Industrial Services
Stock breakdown by region
80%19%
Top 10 holdings
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.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ZWEN trades at 27.17 CAD today, its price has risen 0.24% in the past 24 hours. Track more dynamics on ZWEN price chart.
ZWEN net asset value is 27.37 today — it's risen 3.76% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ZWEN assets under management is ‪95.42 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ZWEN price has risen by 1.39% over the last month, and its yearly performance shows a −8.46% decrease. See more dynamics on ZWEN price chart.
NAV returns, another gauge of an ETF dynamics, showed a −6.85% decrease in three-month performance and has increased by 0.41% in a year.
ZWEN fund flows account for ‪56.04 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ZWEN invests in stocks. See more details in our Analysis section.
ZWEN expense ratio is 0.85%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ZWEN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ZWEN technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ZWEN shows the sell signal. See more of ZWEN technicals for a more comprehensive analysis.
Yes, ZWEN pays dividends to its holders with the dividend yield of 9.70%.
ZWEN trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ZWEN shares are issued by Bank of Montreal
ZWEN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 23, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.