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 $22.44 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: +8.67%, 1-year: +23.72%, 3-year annualised: +19.12%, 5-year annualised: +11.72%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.58, 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 5.79%, 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, 7.7%), Canadian Natural Resources Ltd (CNQ, 6.0%), Toronto Dominion Bank (TD, 6.0%), Canadian Imperial Bank Of Commerce (CM, 5.6%), Bank of Nova Scotia (BNS, 5.5%) — 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 (39.5%), Energy (22.0%), Basic Materials (13.2%). 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 $2.50B 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 7.97% and a beta of 0.77 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.58 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
2026-09-24	$22.56	$22.56	$22.41	$22.44	$22.44	57,166
2026-09-23	$22.75	$22.75	$22.52	$22.52	$22.52	93,637
2026-09-22	$22.80	$22.83	$22.73	$22.78	$22.78	90,749
2026-09-21	$22.76	$22.83	$22.73	$22.78	$22.78	62,776
2026-09-18	$22.87	$22.87	$22.70	$22.78	$22.78	67,223
2026-09-17	$22.74	$22.87	$22.74	$22.86	$22.86	59,613
2026-09-16	$22.68	$22.79	$22.53	$22.65	$22.65	50,383
2026-09-15	$22.70	$22.71	$22.58	$22.70	$22.70	44,981
2026-09-14	$22.68	$22.76	$22.65	$22.67	$22.67	64,799
2026-09-11	$22.68	$22.75	$22.57	$22.65	$22.65	76,190

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	7.70%
2	CNQ	Canadian Natural Resources Ltd	6.04%
3	TD	Toronto Dominion Bank	5.97%
4	CM	Canadian Imperial Bank Of Commerce	5.61%
5	BNS	Bank of Nova Scotia	5.48%
6	SU	Suncor Energy Inc	4.62%
7	ENB	Enbridge Inc	4.19%
8	AEM	Agnico Eagle Mines Limited	3.79%
9	BMO	Bank of Montreal	3.63%
10	TRP	TC Energy Corp	3.63%

Sector	Weight
Financial Services	39.54%
Energy	22.00%
Basic Materials	13.17%
Utilities	8.31%
Industrials	5.64%
Communication Services	5.34%
Consumer Cyclicals	4.12%
Consumer Defensive	1.88%
Healthcare	0.00%
Technology	0.00%
Real Estate	0.00%

Ticker	Name	Price	1D
GASU		$7.03	+13.20%
HNU	BetaPro Natural Gas Leveraged Daily Bull ETF	$10.02	+12.46%
METU		$28.47	+9.37%
QQQT-U	Evolve NASDAQ Technology Index Fund USD Unhedged	$56.30	+7.18%
OILU		$61.89	+6.03%
CGMD		$5.19	+5.92%
AMDU		$27.70	+5.40%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.68	+5.33%

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

What is ZWC?

What is the ZWC ETF price today?

What is the ZWC MER (management expense ratio)?

What are ZWC annualised returns?

Does ZWC pay dividends or distributions?

What does ZWC invest in?

What sectors does ZWC invest in?

How large is ZWC? (Assets under management)

When was ZWC launched?

How do I buy ZWC in Canada?

How risky is ZWC?

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ZWC.TO news timeline

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February 2026

July 2024

Period	Return
YTD	+8.67%
1 Year	+23.72%
3 Year (Ann.)	+19.12%
5 Year (Ann.)	+11.72%
1Y Volatility	7.97%
Sharpe Ratio (3Y)	1.58