ETF Sage logo

ETF Sage

Canadian ETF knowledgebase






BMO US Put Write ETF - ZPW

ETF Overview

The fund has been designed to deliver an alternative income exposure by writing put options on an underlying portfolio of U.S. large cap equities.

The ETF writes short-dated out-of-the-money put options by analyzing the available option premiums, while investing the portfolio in cash equivalents.

The ETF may be subject to a loss if the stock prices decline significantly over the option period.

Key ETF Data

Fundamentals
Category (main) Active American Fixed Income & Put Writes *
Category (other)Active Fixed Income & Put Writes
Underlying Index No Index
ETF Structure Active management. No index
Asset Class Fixed Income and Options (Put Writes)
Region USA
Issuer BMO
ETF Home Page Available here

* Type of fixed income held is unclear. Appears to be short term US-gov debt.

Fund Facts
Inception Date Sep 2, 2015
Total Holdings 57
Distribution Frequency Monthly
Leverage None
Significant Currency Exposure Yes
Currency Hedging No
Fees
Management Fee 0.65%
Management Expense Ratio (MER) 0.70%
Trading Information
Ticker ZPW
Exchange TSX (Toronto Stock Exchange)
Currency CAD
Eligibility
Eligibility * RRSP, RRIF, RESP, TFSA, DPSP, RDSP
DRIP available ** Yes
PACC Plan available ** Unknown
SWP available ** Unknown

* Always check eligibility with your plan operator as plans and accounts can differ

** Not all brokers can facilitate these plans. Check with your broker.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:

ETF at TMX ETF at Morningstar

ETF Analysis

Coming soon.