Key stats
About BMO ASSET MANAGEMENT INC COVERED CALL HEALTH CARE ETF
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Inception date
Jan 23, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
The fund applies a covered call option (or buy-write) strategy on the health care segment of the US equity market. The fund holds underlying stock positions on health care and health care-related 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 rebalanced and reconstituted on a semi-annual basis, and options are rolled forward upon expiry.
Related funds
Classification
What's in the fund
Exposure type
Health Technology
Health Services
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ZWHC trades at 25.76 CAD today, its price hasn't changed in the past 24 hours. Track more dynamics on ZWHC price chart.
ZWHC net asset value is 25.78 today — it's fallen 1.57% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ZWHC assets under management is 21.17 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ZWHC price has fallen by −3.38% over the last month, and its yearly performance shows a −15.95% decrease. See more dynamics on ZWHC price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.57% over the last month, showed a −4.21% decrease in three-month performance and has decreased by −9.70% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.57% over the last month, showed a −4.21% decrease in three-month performance and has decreased by −9.70% in a year.
ZWHC fund flows account for 8.97 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ZWHC invests in stocks. See more details in our Analysis section.
ZWHC expense ratio is 0.79%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ZWHC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ZWHC technical analysis shows the strong sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ZWHC shows the sell signal. See more of ZWHC technicals for a more comprehensive analysis.
Today, ZWHC technical analysis shows the strong sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ZWHC shows the sell signal. See more of ZWHC technicals for a more comprehensive analysis.
Yes, ZWHC pays dividends to its holders with the dividend yield of 7.38%.
ZWHC trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ZWHC shares are issued by Bank of Montreal
ZWHC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 23, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.