BMO COVERED CALL UTILITIES COVERED CALL UTILITIES ETF CADBMO COVERED CALL UTILITIES COVERED CALL UTILITIES ETF CADBMO COVERED CALL UTILITIES COVERED CALL UTILITIES ETF CAD

BMO COVERED CALL UTILITIES COVERED CALL UTILITIES ETF CAD

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Key stats


Assets under management (AUM)
‪1.92 B‬CAD
Fund flows (1Y)
‪80.20 M‬CAD
Dividend yield (indicated)
7.60%
Discount/Premium to NAV
0.3%

About BMO COVERED CALL UTILITIES COVERED CALL UTILITIES ETF CAD


Issuer
Bank of Montreal
Brand
BMO
Expense ratio
0.94%
Home page
Inception date
Oct 20, 2011
Index tracked
No Underlying Index
Management style
Active
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


Asset Class
Equity
Category
Sector
Focus
Utilities
Niche
Broad-based
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of October 30, 2024
Exposure type
StocksBonds, Cash & Other
Utilities
Communications
Industrial Services
Stocks95.51%
Utilities51.17%
Communications21.71%
Industrial Services20.74%
Bonds, Cash & Other4.49%
ETF5.94%
Government0.58%
Miscellaneous−0.45%
Cash−1.57%
Stock breakdown by region
100%
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