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 $23.07 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: +11.72%, 1-year: +25.86%, 3-year annualised: +18.60%, 5-year annualised: +11.52%. 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, 6.3%), Canadian Imperial Bank Of Commerce (CM, 5.9%), Canadian Natural Resources Ltd (CNQ, 5.8%), Bank of Nova Scotia (BNS, 5.6%) — 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 (40.8%), Energy (22.7%), Basic Materials (10.9%). 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 $2.47B 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
2026-09-03	$22.84	$23.09	$22.84	$23.07	$23.07	79,335
2026-09-02	$22.64	$22.82	$22.64	$22.80	$22.80	48,397
2026-09-01	$22.70	$22.75	$22.57	$22.64	$22.64	110,550
2026-08-31	$22.81	$22.86	$22.63	$22.70	$22.70	111,130
2026-08-28	$22.91	$22.95	$22.67	$22.75	$22.75	72,481
2026-08-27	$23.07	$23.08	$22.83	$22.95	$22.95	67,081
2026-08-26	$22.99	$23.20	$22.99	$23.09	$23.09	38,762
2026-08-25	$22.91	$23.10	$22.86	$23.03	$23.03	115,943
2026-08-24	$22.90	$22.97	$22.87	$22.94	$22.94	77,466
2026-08-21	$22.89	$23.05	$22.89	$22.93	$22.93	55,594

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.04%
2	TD	Toronto Dominion Bank	6.28%
3	CM	Canadian Imperial Bank Of Commerce	5.87%
4	CNQ	Canadian Natural Resources Ltd	5.80%
5	BNS	Bank of Nova Scotia	5.62%
6	SU	Suncor Energy Inc	4.69%
7	ENB	Enbridge Inc	4.63%
8	TRP	TC Energy Corp	4.00%
9	BMO	Bank of Montreal	3.84%
10	NTR	Nutrien Ltd	3.10%

Sector	Weight
Financial Services	40.82%
Energy	22.73%
Basic Materials	10.93%
Utilities	8.70%
Industrials	5.53%
Communication Services	5.09%
Consumer Cyclicals	4.19%
Consumer Defensive	2.01%
Real Estate	0.00%
Technology	0.00%
Healthcare	0.00%

Ticker	Name	Price	1D
MSTU		$37.08	+34.64%
RBNU		$45.39	+32.56%
COIU		$28.79	+18.77%
HODY	Harvest Robinhood Enhanced High Income Shares ETF	$7.95	+15.38%
PLTU		$32.95	+15.21%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.54	+14.41%
ORBU		$10.01	+14.40%
CLHI	Ninepoint Celestica HighShares ETF	$8.03	+13.90%

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

7 stocks to buy and hold forever

Compare ZWC

Explore More

Compare ZWC vs Similar ETFs

Frequently Asked Questions — ZWC