ETF Sage
Canadian ETF knowledgebase
ETF Sage
Canadian ETF knowledgebase
This is the US Dollar version of ZPW.
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.
The fund trades in U.S. dollars on the TSX.
| 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.U |
| Exchange |
TSX (Toronto Stock Exchange) |
| Currency |
USD * |
* Trades in USD. This is the US Dollar version of ZPW
| 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.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Coming soon.