Key stats
About BMO CDN HIGH DIVID COVD CALL ETF CAD UNITS
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Inception date
Feb 9, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
The fund combines a dividend strategy with a covered call options overlay. Its underlying portfolio holds high yielding Canadian dividend equities that are screened for dividend payout sustainability and positive 3-year dividend growth. Underlying portfolio securities are selected and weighted by dividend yield. The fund holds underlying stock positions on this portfolio and writes call options out of the money. The call options, which are either exchange-traded or over-the-counter, are selected based on the option's implied volatility. The funds strategy enables investors to earn call option premiums, which provide limited downside protection.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Industrial Services
Stocks100.52%
Finance39.82%
Industrial Services11.75%
Communications8.83%
Utilities8.60%
Energy Minerals7.36%
Transportation5.67%
Non-Energy Minerals5.27%
Retail Trade4.75%
Process Industries3.45%
Technology Services3.23%
Producer Manufacturing1.26%
Bonds, Cash & Other−0.52%
Cash−0.14%
Rights & Warrants−0.38%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZWC invests in stocks. The fund's major sectors are Finance, with 40.03% stocks, and Industrial Services, with 11.82% of the basket. The assets are mostly located in the North America region.
ZWC top holdings are Toronto-Dominion Bank and Enbridge Inc., occupying 5.63% and 5.35% of the portfolio correspondingly.
ZWC last dividends amounted to 0.10 CAD. The month before, the issuer paid 0.10 CAD in dividends,
ZWC assets under management is 1.66 B CAD. It's risen 4.24% over the last month.
ZWC fund flows account for −57.21 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ZWC pays dividends to its holders with the dividend yield of 6.56%. The last dividend (May 2, 2025) amounted to 0.10 CAD. The dividends are paid monthly.
ZWC shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Feb 9, 2017, and its management style is Active.
ZWC expense ratio is 0.92% meaning you'd have to pay 0.92% of your investment to help manage the fund.
ZWC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWC invests in stocks.
ZWC price has risen by 4.04% over the last month, and its yearly performance shows a 3.64% increase. See more dynamics on ZWC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.27% over the last month, showed a 3.19% increase in three-month performance and has increased by 11.05% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.27% over the last month, showed a 3.19% increase in three-month performance and has increased by 11.05% in a year.
ZWC trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.