Key stats
About BMO COVERED CALL UTILITIES COVERED CALL UTILITIES ETF CAD
Expense ratio
0.94%
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Inception date
Oct 20, 2011
The fund applies a covered call option (or buy-write) strategy on the utilities segment of the Canadian equity market. The fund holds underlying stock positions on utilities, which is defined widely as it also includes telecommunication and pipeline 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 equally weighted and undergoes annual rebalancing and reconstitution in June and December, respectively. 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
Utilities
Communications
Industrial Services
Stocks95.51%
Utilities51.17%
Communications21.71%
Industrial Services20.74%
Bonds, Cash & Other4.49%
ETF5.94%
Government0.58%
Miscellaneous−0.21%
Rights & Warrants−0.24%
Cash−1.57%
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