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BMO
A U.S. covered-call equity fund: 503 stocks, 98% United States, hedged to Canadian dollars, for 0.79% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Equity exposure with a covered-call overlay. Returns come from the underlying equity basket plus option income, with some upside typically traded away for higher cash distributions.
Top holding: Nvidia Corp Common Stock Usd.001 7.5% (broad) · Top sector: Technology 38.7% (sector-tilted) · Top region: United States 98.4% (single-country)
Technology 38.7%·Financials 11.7%·Communication Services 10.2%·Consumer Discretionary 9.4%·Healthcare 8.4%·Other 8.3%·Other (locked) 13.2%
United States 98.4%·Europe 1.5%·LR 0.1%
Look-through via underlying funds.
The management fee was 0.79% a year, or about $79 for every $10,000 held. The options overlay is run inside the fund, so there is no separate fee, though it changes the return and distribution profile. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
Mostly foreign income
The full distribution tax character across 2 years, plus what you keep after tax in a TFSA, RRSP, or non-registered account, is on the Real Yield report card.
See the full tax breakdown →For information only, not tax advice. Tax treatment depends on your account type and personal circumstances; consult a qualified tax professional.
How durable the fund is, and what moved its price.
| Assets | $110M· net assets |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | ZJUL.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Equity |
| Structure | Covered call / options |
| Theme | Broad Market |
| Geography | United States |
| Provider | BMO |
| Mgmt fee | 0.79% |
Compare ZJUL.NE→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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