Question 1

What is ZWC?

Accepted Answer

ZWC — BMO Canadian High Dividend Covered Call — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZWC ETF price today?

Accepted Answer

ZWC last traded at $23.05 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZWC MER (management expense ratio)?

Accepted Answer

ZWC 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 ZWC annualised returns?

Accepted Answer

ZWC historical returns: YTD: +11.62%, 1-year: +30.72%, 3-year annualised: +18.43%, 5-year annualised: +11.71%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.44, which measures risk-adjusted return.

Question 5

Does ZWC pay dividends or distributions?

Accepted Answer

Yes, ZWC distributes income to unitholders. The current distribution yield is approximately 5.69%, 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 ZWC invest in?

Accepted Answer

ZWC's top holdings include Royal Bank of Canada (RY, 8.0%), Toronto Dominion Bank (TD, 6.6%), Canadian Imperial Bank Of Commerce (CM, 6.1%), Bank of Nova Scotia (BNS, 5.8%), Enbridge Inc (ENB, 5.1%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada GR CAD.

Question 7

What sectors does ZWC invest in?

Accepted Answer

ZWC's largest sector exposures are Financial Services (42.4%), Energy (21.9%), Basic Materials (10.5%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZWC? (Assets under management)

Accepted Answer

ZWC has approximately $2.49B 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 ZWC launched?

Accepted Answer

ZWC was launched on February 3, 2017, giving it a 9-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 ZWC in Canada?

Accepted Answer

ZWC trades on the TSX under the ticker ZWC. 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 ZWC?

Accepted Answer

ZWC has a 1-year volatility of 7.82% and a beta of 0.79 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.44 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
2026-08-13	$22.95	$23.05	$22.91	$23.05	$23.05	55,055
2026-08-12	$22.82	$23.00	$22.82	$22.96	$22.96	56,082
2026-08-11	$22.74	$22.90	$22.74	$22.82	$22.82	58,642
2026-08-10	$22.71	$22.79	$22.67	$22.73	$22.73	89,895
2026-08-07	$22.78	$22.78	$22.64	$22.75	$22.75	46,988
2026-08-06	$22.83	$22.83	$22.68	$22.74	$22.74	75,435
2026-08-05	$22.88	$22.90	$22.70	$22.72	$22.72	123,490
2026-08-04	$22.89	$22.89	$22.70	$22.75	$22.75	109,975
2026-07-31	$22.87	$22.91	$22.79	$22.80	$22.80	126,900
2026-07-30	$22.82	$22.89	$22.72	$22.88	$22.88	87,751

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.03%
2	TD	Toronto Dominion Bank	6.56%
3	CM	Canadian Imperial Bank Of Commerce	6.11%
4	BNS	Bank of Nova Scotia	5.82%
5	ENB	Enbridge Inc	5.05%
6	CNQ	Canadian Natural Resources Ltd	4.97%
7	SU	Suncor Energy Inc	4.27%
8	TRP	TC Energy Corp	4.20%
9	BMO	Bank of Montreal	4.04%
10	FTS	Fortis Inc	3.34%

Sector	Weight
Financial Services	42.36%
Energy	21.87%
Basic Materials	10.52%
Utilities	9.13%
Communication Services	5.66%
Industrials	4.74%
Consumer Cyclicals	4.26%
Consumer Defensive	1.46%
Real Estate	0.00%
Technology	0.00%
Healthcare	0.00%

Ticker	Name	Price	1D
SHPU		$12.57	+10.75%
PLTU		$32.91	+10.21%
CGMD		$6.91	+8.82%
RBNU		$30.93	+8.76%
MUU		$14.96	+8.41%
TSLU		$13.29	+7.52%
COIU		$3.91	+6.83%
HODY	Harvest Robinhood Enhanced High Income Shares ETF	$6.50	+5.26%

CIBC Investor's Edge

BMO Canadian High Dividend Covered Call (ZWC : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Canadian High Dividend Covered Call

ETF Details

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Frequently Asked Questions — ZWC