Question 1

What is ZPW?

Accepted Answer

ZPW — BMO US Put Write ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZPW ETF price today?

Accepted Answer

ZPW last traded at $16.45 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZPW MER (management expense ratio)?

Accepted Answer

ZPW has a management expense ratio (MER) of 0.65% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are ZPW annualised returns?

Accepted Answer

ZPW historical returns: YTD: +4.91%, 1-year: +14.69%, 3-year annualised: +13.31%, 5-year annualised: +9.71%, 10-year annualised: +6.39%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.16, which measures risk-adjusted return.

Question 5

Does ZPW pay dividends or distributions?

Accepted Answer

Yes, ZPW distributes income to unitholders. The current distribution yield is approximately 9.44%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZPW invest in?

Accepted Answer

ZPW's top holdings include Meta Platforms Inc. (META, 3.4%), Apple Inc. (AAPL, 3.3%), NVIDIA Corporation (NVDA, 3.2%), Walmart Inc. (WMT, 2.8%), Microsoft Corporation (MSFT, 2.6%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar DM REIT GR CAD.

Question 7

What sectors does ZPW invest in?

Accepted Answer

ZPW's largest sector exposures are Technology (24.6%), Communication Services (17.4%), Consumer Defensive (16.7%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZPW? (Assets under management)

Accepted Answer

ZPW has approximately $113M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZPW launched?

Accepted Answer

ZPW was launched on September 2, 2015, giving it a 11-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZPW in Canada?

Accepted Answer

ZPW trades on the TSX under the ticker ZPW. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZPW?

Accepted Answer

ZPW has a 1-year volatility of 5.45% and a beta of 0.20 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.16 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$16.48	$16.48	$16.44	$16.45	$16.45	1,106
2026-09-30	$16.45	$16.45	$16.45	$16.45	$16.45	10,563
2026-09-29	$16.45	$16.45	$16.36	$16.40	$16.40	877
2026-09-28	$16.50	$16.53	$16.50	$16.53	$16.53	6,976
2026-09-25	$16.48	$16.48	$16.48	$16.48	$16.48	1,945
2026-09-24	$16.45	$16.45	$16.45	$16.45	$16.45	1,306
2026-09-23	$16.38	$16.43	$16.38	$16.38	$16.38	4,654
2026-09-22	$16.34	$16.37	$16.34	$16.37	$16.37	8,306
2026-09-21	$16.12	$16.29	$16.12	$16.29	$16.29	7,018
2026-09-18	$16.11	$16.12	$16.11	$16.12	$16.12	977

#	Ticker	Name	Weight
1	META	Meta Platforms Inc.	3.35%
2	AAPL	Apple Inc.	3.34%
3	NVDA	NVIDIA Corporation	3.24%
4	WMT	Walmart Inc.	2.77%
5	MSFT	Microsoft Corporation	2.62%
6	PG	Procter & Gamble Company	2.55%
7	LMT	Lockheed Martin Corporation	2.30%
8	V	Visa Inc. Class A	2.22%
9	LLY	Eli Lilly and Company	2.03%
10	GOOGL	Alphabet Inc Class A	1.99%

Sector	Weight
Technology	24.58%
Communication Services	17.41%
Consumer Defensive	16.68%
Financial Services	13.94%
Healthcare	10.59%
Industrials	9.62%
Basic Materials	4.12%
Consumer Cyclicals	3.06%
Energy	0.00%
Utilities	0.00%
Real Estate	0.00%

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OILU		$59.51	+6.19%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.42	+5.98%
MUU		$19.42	+5.72%
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
CSHI	Ninepoint Constellation Software HighShares ETF	$12.40	+4.11%
HND	BetaPro Natural Gas 2x Daily Bear	$24.40	+4.01%

CIBC Investor's Edge

BMO US Put Write ETF (ZPW : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO US Put Write ETF

ETF Details

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Frequently Asked Questions — ZPW