ducovest

ZWE:CA:TSX-BMO Europe High Dividend Covered Call Hedged to CAD ETF (CAD)

ETF | European Equity | Toronto Stock Exchange

Last Closing

CAD 20.35

Change

-0.09 (-0.44)%

Market Cap

CAD 0.19B

Volume

0.01M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

BMO Europe High Dividend Covered Call Hedged to CAD ETF seeks to provide Unitholders with exposure to the performance of a portfolio of dividend paying European companies to generate income and to provide long-term capital appreciation. BMO Europe High Dividend Covered Call Hedged to CAD ETF will primarily invest in and hold the equity securities of dividend paying European companies. The selected companies will have the potential for longterm capital growth. Eligible securities will be selected using a rules based methodology that considers dividend growth, yield, and payout ratio, and eligibility will be reviewed annually. Securities will also be subject to a screening process to ensure sufficient liquidity.

Company Website : www.bmo.com/etflegal

Currency: CAD

Country : Canada

Inception Date: 02/09/2015

Primary Benchmark: MSCI Europe IMI Hdg to CAD CAD

Primary Index: MSCI Europe GR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.70 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-04-15 )

Largest Industry Peers for European Equity

Symbol Name Mer Price(Change) Market Cap
ZWP:CA BMO Europe High Dividend Cover.. 0.69 %

N/A

 CAD 0.77B
ZEQ:CA BMO MSCI Europe High Quality C.. 0.45 %

N/A

 CAD 0.77B
XEU:CA iShares MSCI Europe IMI 0.28 %

N/A

 CAD 0.31B
VE:CA Vanguard FTSE Developed Europe.. 0.23 %

N/A

 CAD 0.18B
XEH:CA iShares MSCI Europe IMI CAD He.. 0.28 %

N/A

 CAD 0.15B
RPD:CA RBC Quant European Dividend Le.. 0.54 %

N/A

 CAD 0.03B
EDGF:CA Brompton European Dividend Gro.. 0.00 %

N/A

 CAD 0.02B
RPDH:CA RBC Quant European Dividend Le.. 0.54 %

N/A

 CAD 0.02B
MEU:CA Mackenzie Maximum Diversificat.. 0.61 %

N/A

 CAD 6.56M

ETFs Containing ZWE:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (European Equity) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 2.42% 30% F 44% F
Dividend Return 1.81% 100% F 81% B-
Total Return 4.23% 30% F 51% F
Trailing 12 Months  
Capital Gain 1.70% 40% F 47% F
Dividend Return 4.80% 90% A- 72% C
Total Return 6.50% 30% F 54% F
Trailing 5 Years  
Capital Gain -1.31% 44% F 42% F
Dividend Return 18.99% 89% A- 83% B
Total Return 17.68% 44% F 48% F
Average Annual (5 Year Horizon)  
Capital Gain 0.50% 30% F 45% F
Dividend Return 4.44% 40% F 54% F
Total Return 3.94% 90% A- 85% B
Risk Return Profile  
Volatility (Standard Deviation) 11.62% 100% F 65% D
Risk Adjusted Return 38.21% 50% F 65% D
Market Capitalization 0.19B 80% B- 65% D

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.