• Broad Market
  • Government Sector
  • Corporate Sector
  • Target Maturity
  • Emerging Markets
  • Preferred Equity
  • Specialty Income
  • Canadian Market
  • US Market
  • Global / Emerging Market
  • Canadian Sector
  • US Sector
  • Global Sector
  • Small Cap Sector

BMO Covered Call Canadian Banks ETF  
At A Glance Prices and Performance Distribution Holdings
ETF Profile
Ticker Symbol ZWB
Net Assets ($MM) (Apr 23, 2014) $940.8
Market Price $16.5500
12 Month Low/High (Market Price) $14.01 / $16.59
Price (NAV) (Apr 23, 2014) $16.5335
12 Month Low/High (Price (NAV)) $14.00 / $16.60
Annualized Distribution Yield (Apr 17, 2014) 1 5.95%
Maximum Annual Management Fee 0.650%
Eligibility RRSP/RRIF/RESP/DPSP/ TFSA
Date Started Jan 28, 2011
Fiscal Year End December 31
Units Outstanding (000's) 56,900
CUSIP 05560U104
Index -
Exchange TSX


Related Links / Downloads
Dividend Investing with Income Enhancement
Covered Call Option Strategy
Legal & Regulatory Documents
  Portfolio Strategy
BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.

 1 Annualized Distribution Yield is calculated as the most recent income received by the ETF in the form of dividends, interest and other income annualized based on the payment frequency divided by the current market value of the ETF’s investments.
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BMO - A part of BMO Financial Group
BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and portfolio manager and separate legal entity from Bank of Montreal. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.