Question 1

What is ZWG?

Accepted Answer

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

Question 2

What is the ZWG ETF price today?

Accepted Answer

ZWG last traded at $36.91 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZWG MER (management expense ratio)?

Accepted Answer

ZWG 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 ZWG annualised returns?

Accepted Answer

ZWG historical returns: YTD: +9.59%, 1-year: +20.32%, 3-year annualised: +17.15%, 5-year annualised: +11.04%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.32, which measures risk-adjusted return.

Question 5

Does ZWG pay dividends or distributions?

Accepted Answer

Yes, ZWG distributes income to unitholders. The current distribution yield is approximately 5.94%. 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 ZWG invest in?

Accepted Answer

ZWG's top holdings include Merck & Company Inc (MRK, 5.0%), Apple Inc. (AAPL, 4.9%), AbbVie Inc (ABBV, 4.9%), Cisco Systems Inc (CSCO, 4.6%), Microsoft Corporation (MSFT, 4.5%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Global Markets GR CAD.

Question 7

What sectors does ZWG invest in?

Accepted Answer

ZWG's largest sector exposures are Technology (27.6%), Financial Services (17.2%), Healthcare (11.8%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZWG? (Assets under management)

Accepted Answer

ZWG has approximately $324M 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 ZWG launched?

Accepted Answer

ZWG was launched on January 15, 2020, giving it a 6-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 ZWG in Canada?

Accepted Answer

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

Accepted Answer

ZWG has a 1-year volatility of 7.55% and a beta of 0.68 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.32 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	$36.80	$36.93	$36.75	$36.91	$36.91	5,462
2026-09-23	$37.07	$37.07	$36.77	$36.78	$36.78	4,973
2026-09-22	$37.20	$37.20	$37.00	$37.09	$37.09	4,587
2026-09-21	$36.88	$37.10	$36.88	$37.06	$37.06	4,432
2026-09-18	$36.76	$36.76	$36.54	$36.54	$36.54	19,653
2026-09-17	$36.70	$36.75	$36.70	$36.75	$36.75	4,676
2026-09-16	$36.64	$36.65	$36.40	$36.40	$36.40	1,964
2026-09-15	$36.47	$36.56	$36.35	$36.35	$36.35	4,106
2026-09-14	$36.60	$36.62	$36.49	$36.51	$36.51	7,682
2026-09-11	$36.61	$36.63	$36.58	$36.63	$36.63	1,023

#	Ticker	Name	Weight
1	MRK	Merck & Company Inc	5.02%
2	AAPL	Apple Inc.	4.94%
3	ABBV	AbbVie Inc	4.92%
4	CSCO	Cisco Systems Inc	4.56%
5	MSFT	Microsoft Corporation	4.48%
6	JPM	JPMorgan Chase & Co	4.37%
7	CAT	Caterpillar Inc	4.22%
8	XOM	Exxon Mobil Corp	3.86%
9	VZ	Verizon Communications Inc	3.84%
10	HD	The Home Depot Inc	3.04%

Sector	Weight
Technology	27.58%
Financial Services	17.19%
Healthcare	11.76%
Industrials	8.20%
Communication Services	6.95%
Energy	6.74%
Consumer Defensive	5.77%
Consumer Cyclicals	5.30%
Basic Materials	5.28%
Utilities	2.65%
Real Estate	2.56%

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 Global High Dividend Covered Call ETF (ZWG : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Global High Dividend Covered Call ETF

ETF Details

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Frequently Asked Questions — ZWG