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BMO Covered Call Utilities ETF T.ZWU

Alternate Symbol(s):  BMMVF

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.


TSX:ZWU - Post by User

BMO Covered Call Utilities ETF > Sad but true ZWU
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Comment by ANALOG GUYon Aug 02, 2023 12:46pm
162 Views
Post# 35569269

RE:RE:Sad but true ZWU

RE:RE:Sad but true ZWU

My numbers are for calendar 2022

For 2021
total distribution   .96
eligible dividends .37
capital gains.        .016
ROC.                     .52
foreign income.      .08

all my numbers are from the BMO website

one thing I just learned is ETFS can use past losses as part of the ROC

this results in the shareholder paying less tax on his dividends which is a positive 

so not all ROC is bad

unfortunately, they don't tell you how much of the ROC is bad 

I can't believe they make so little with their options, option profits are shown as capital gains 

I must be missing something...... humm 
 

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