Risk factor
Critical default risk
Profitability factor
Greatly undervalued vs peers
About
Managed by BMO Asset Management Inc., the BMO US High Dividend Covered Call ETF is an exchange-traded fund that primarily invests in the public stock markets of the United States. Its portfolio is constructed through direct equity purchases and the strategic use of derivatives, such as options, enabling it to implement a covered call strategy. The fund targets companies across a wide range of sectors, selecting both growth-oriented and value stocks from businesses of varied market capitalizations, with a distinct emphasis on those that pay dividends. This Canadian-domiciled fund was launched on February 10, 2014.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. Specifically, the stock is undervalued on EV/EBITDA, underpriced on P/FC.