BMO Covered Call Utilities ETF Review (ZWU) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 63/100
This equity ETF has an MER of 0.74%. With higher than average fees, it’s a premium option. Managing 353 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

ZWU trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO Covered Call Utilities (ZWU) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the BMO Covered Call Utilities ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.74%. This ETF trades on the TSX exchange.

ZWU stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $353MM

Expense Ratio: 0.74%

Price: $10.20 (Updated: 3/7/2024)

BMO Covered Call Utilities (ZWU) Top 10 Holdings

Company NameSymbolAssets %
Pembina Pipeline CorpPPL5.80371
Fortis IncFTS5.18889
Enbridge IncENB5.12301
TC Energy CorpTRP5.11977
BCE IncBCE4.59509
Emera Inc.EMA4.58746
Duke Energy CorporationDUK4.52703
Rogers Communications IncRCI-B4.49188
PPL CorporationPPL4.47889

BMO Covered Call Utilities (ZWU) Breakdown by Market Cap


BMO Covered Call Utilities (ZWU) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials00.89249
Consumer Cyclicals04.18515
Financial Services01.58311
Real Estate00.26776
Communication Services22.662257.16226
Consumer Defensive01.65729

BMO Covered Call Utilities (ZWU) Geographic Breakdown

RegionEquity %Relative to Category
North America10085.928
United Kingdom02.12392
Europe Developed07.473
Europe Emerging00
Africa/Middle East00.22
Asia Developed01.373
Asia Emerging00.569
Latin America00.332

ZWU Management Expense Ratio

ZWU has a management expense ratio of  0.74% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  BMO Covered Call Utilities TSX ETF

You can buy  ZWU on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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