Take a Look at the Return Of Cpaital Amount for 2022. For 2022 ZWU paid out 8 cents a month dividend, showing just over an 8% yeild. However, for 22022, almost exactly half of that payout was return of capital. That is them giving you back your own money. This means the effective yeild is under 4%, and that means you are at best earning around the weighted average dividends paid out by the stocks the fund holds. Ergo, the covered call program and fees must be costing more than it is earning. Not exactly what most are looking for.
| BMO Equal Weight Utilities ETF | ZUT | 5.54 | -- | -- |
| Fortis Inc | FTS | 5.43 | 3.69 | 20.82 |
| BCE Inc | BCE | 5.21 | 6.05 | 22.76 |
| Pembina Pipeline Corp | PPL | 5.10 | 6.14 | 8.79 |
| Enbridge Inc | ENB | 5.01 | 6.82 | 44.15 |
| PPL Corp | PPL | 4.90 | 3.41 | 28.58 |
| Duke Energy Corp | DUK | 4.86 | 4.17 | 18.91 |
| Emera Inc | EMA | 4.77 | 4.70 | 13.90 |
| TC Energy Corp | TRP | 4.63 | 6.64 | 34.86 |
| Exelon Corp | EXC | 4.59 | 3.53 | 18.02 |
Portfolio Allocation Total Net Assets: $1.9B
| Cash | 0.08 | | 1.57 | 1.49 |
| U.S. Stocks | 0.42 | | 34.87 | 34.45 |
| Non-U.S. Stocks | 0.00 | | 64.59 | 64.59 |
| U.S. Bonds | 0.00 | | 0.00 | 0.00 |
| Non-U.S. Bonds | 0.00 | | 0.00 | 0.00 |
| Other | 0.53 | | 0.00 | -0.53 |