Question 1

What is ZWP?

Accepted Answer

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

Question 2

What is the ZWP ETF price today?

Accepted Answer

ZWP last traded at $20.17 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZWP MER (management expense ratio)?

Accepted Answer

ZWP 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 ZWP annualised returns?

Accepted Answer

ZWP historical returns: YTD: -0.98%, 1-year: +14.12%, 3-year annualised: +15.59%, 5-year annualised: +11.26%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.18, which measures risk-adjusted return.

Question 5

Does ZWP pay dividends or distributions?

Accepted Answer

Yes, ZWP distributes income to unitholders. The current distribution yield is approximately 6.11%, 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 ZWP invest in?

Accepted Answer

ZWP's top holdings include HSBC Holdings PLC (HSBA, 5.9%), Intesa Sanpaolo SpA (ISP, 5.6%), Roche Holding AG (ROP, 5.1%), Siemens Aktiengesellschaft (SIE, 4.9%), ASML Holding N.V. (ASML, 4.6%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Eur GR CAD.

Question 7

What sectors does ZWP invest in?

Accepted Answer

ZWP's largest sector exposures are Financial Services (27.2%), Industrials (14.1%), Healthcare (12.6%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZWP? (Assets under management)

Accepted Answer

ZWP has approximately $1.11B 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 ZWP launched?

Accepted Answer

ZWP was launched on March 1, 2018, giving it a 8-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 ZWP in Canada?

Accepted Answer

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

Accepted Answer

ZWP has a 1-year volatility of 9.64% and a beta of 0.78 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.18 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	$20.39	$20.39	$20.12	$20.17	$20.17	17,227
2026-09-30	$20.62	$20.63	$20.35	$20.35	$20.35	8,406
2026-09-29	$20.79	$20.79	$20.51	$20.51	$20.51	20,400
2026-09-28	$20.87	$20.91	$20.68	$20.85	$20.85	15,058
2026-09-25	$20.79	$21.02	$20.51	$21.02	$21.02	10,669
2026-09-24	$20.63	$20.75	$20.50	$20.69	$20.69	5,650
2026-09-23	$20.90	$20.90	$20.60	$20.68	$20.68	13,858
2026-09-22	$20.81	$20.95	$20.80	$20.94	$20.94	2,623
2026-09-21	$20.77	$20.93	$20.77	$20.90	$20.90	13,198
2026-09-18	$20.85	$20.85	$20.52	$20.76	$20.76	1,715

#	Ticker	Name	Weight
1	HSBA	HSBC Holdings PLC	5.88%
2	ISP	Intesa Sanpaolo SpA	5.60%
3	ROP	Roche Holding AG	5.06%
4	SIE	Siemens Aktiengesellschaft	4.87%
5	ASML	ASML Holding N.V.	4.64%
6	SHEL	Shell plc	4.31%
7	TTE	TotalEnergies SE	4.05%
8	ENEL	Enel SpA	4.01%
9	RIO	Rio Tinto PLC	4.00%
10	DTE	Deutsche Telekom AG	3.99%

Sector	Weight
Financial Services	27.18%
Industrials	14.14%
Healthcare	12.62%
Utilities	8.54%
Energy	8.32%
Consumer Defensive	7.79%
Communication Services	6.38%
Technology	6.19%
Basic Materials	5.44%
Consumer Cyclicals	3.38%
Real Estate	0.00%

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CIBC Investor's Edge

BMO Europe High Dividend Covered Call ETF (ZWP : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Europe High Dividend Covered Call ETF

ETF Details

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Frequently Asked Questions — ZWP