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BMO Covered Call Europe High Dividend ETF Fund Series A

European Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(11-01-2024)
$9.88
Change
$0.07 (0.74%)

As at September 30, 2024

As at September 30, 2024

As at July 31, 2024

Period
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Legend

BMO Covered Call Europe High Dividend ETF Fund Series A

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Fund Returns

Inception Return (April 28, 2016): 6.80%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -0.48% 1.54% 2.52% 9.17% 14.53% 18.31% 9.40% 11.63% 6.37% 5.97% 5.23% 6.50% - -
Benchmark 0.64% 5.48% 7.01% 14.82% 25.50% 26.23% 8.24% 11.37% 9.21% 7.83% 7.25% 8.38% 7.55% 7.76%
Category Average 0.81% 6.43% 7.09% 13.13% 23.74% 23.57% 4.93% 8.08% 6.77% 5.29% 4.73% 5.57% 4.89% 5.53%
Category Rank 85 / 103 98 / 103 95 / 103 98 / 103 100 / 103 100 / 103 14 / 102 19 / 102 76 / 100 50 / 95 51 / 91 37 / 83 - -
Quartile Ranking 4 4 4 4 4 4 1 1 4 3 3 2 - -

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -1.27% 3.46% 2.71% 1.75% 2.16% 2.45% -0.93% 3.29% -1.34% -0.02% 2.05% -0.48%
Benchmark -1.41% 7.87% 2.78% 0.64% 2.87% 3.63% -0.53% 4.15% -2.07% 3.38% 1.39% 0.64%

Best Monthly Return Since Inception

13.35% (November 2020)

Worst Monthly Return Since Inception

-12.86% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 8.43% -9.50% 20.16% -9.61% 18.24% -0.92% 13.51%
Benchmark 3.06% 17.20% -3.54% 18.15% -7.68% 19.54% 3.59% 15.26% -10.82% 17.51%
Category Average -0.81% 17.33% -5.77% 14.98% -9.04% 15.21% 3.84% 11.84% -15.77% 16.91%
Quartile Ranking - - - 4 3 2 4 1 1 4
Category Rank - - - 65/ 84 53/ 92 30/ 97 100/ 100 13/ 102 7/ 103 95/ 103

Best Calendar Return (Last 10 years)

20.16% (2019)

Worst Calendar Return (Last 10 years)

-9.61% (2020)

Asset Allocation

Asset Allocation
Name Percent
International Equity 100.79
Cash and Equivalents -0.80
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 21.39
Consumer Goods 20.87
Healthcare 16.46
Industrial Goods 11.34
Basic Materials 6.52
Other 23.42

Geographic Allocation

Geographic Allocation
Name Percent
Europe 100.81
North America -0.11
Other -0.70

Top Holdings

Top Holdings
Name Percent
BMO Europe High Div Cov Call Hgd to CAD ETF (ZWE) 99.46
CAD Currency 0.54

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Covered Call Europe High Dividend ETF Fund Series A

Median

Other - European Equity

3 Yr Annualized

Standard Deviation 11.07% 13.87% -
Beta 0.69% 0.83% -
Alpha 0.03% -0.01% -
Rsquared 0.82% 0.83% -
Sharpe 0.56% 0.36% -
Sortino 1.01% 0.43% -
Treynor 0.09% 0.06% -
Tax Efficiency 74.54% 61.16% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.32% 11.07% 13.87% -
Beta 0.54% 0.69% 0.83% -
Alpha 0.01% 0.03% -0.01% -
Rsquared 0.67% 0.82% 0.83% -
Sharpe 1.44% 0.56% 0.36% -
Sortino 4.14% 1.01% 0.43% -
Treynor 0.17% 0.09% 0.06% -
Tax Efficiency 82.20% 74.54% 61.16% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date April 28, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $64

Fund Codes

FundServ Code Load Code Sales Status
BMO70767
BMO767

Investment Objectives

This fund's objective is to provide a return that is similar to the return of one or more exchange traded funds that invest primarily in dividend paying European companies while mitigating downside risk.

Investment Strategy

These are the strategies the portfolio manager uses to try to achieve the fund’s objectives: invests up to 100% of the fund’s assets in securities of BMO Europe High Dividend Covered Call Hedged to CAD ETF; BMO Europe High Dividend Covered Call Hedged to CAD ETF seeks to provide exposure to the performance of a portfolio of dividend paying European companies to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options.

Portfolio Manager(s)

Name Start Date
Chris Heakes 04-18-2016
Chris McHaney 04-18-2016
Jimmy Xu 05-24-2024
Charles-Lucien Myssie 05-24-2024

Management and Organization

Fund Manager BMO Investments Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar BMO Investments Inc.
Distributor BMO Investments Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.68%
Management Fee 1.45%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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