Description

The BMO Global Enhanced Income Fund ETF Series provides investors with a professionally managed, comprehensive asset allocation solution. This "all-in-one" vehicle offers immediate portfolio diversification by investing in a carefully selected basket of Enhanced Income ETFs. A significant portion of the fund is dedicated to BMO Covered Call ETFs, which actively engage in writing covered call options. These options are strategically positioned out-of-the-money and are chosen following an analysis of their implied volatility. The resulting option premiums contribute to limited downside protection for the fund. Importantly, as a fund-of-funds, the management fees charged by ZWQT are adjusted downward to reflect the fees already incurred by its underlying investments.