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 $21.21 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: +4.12%, 1-year: +14.94%, 3-year annualised: +15.13%, 5-year annualised: +10.44%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.19, 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 6.03%, 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, 6.0%), Intesa Sanpaolo SpA (ISP, 5.3%), ASML Holding N.V. (ASML, 5.2%), Siemens Aktiengesellschaft (SIE, 5.0%), Roche Holding AG (ROP, 4.9%) — 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 (26.1%), Industrials (14.0%), Healthcare (12.8%). 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 $1.13B 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 9.98% and a beta of 0.77 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.19 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
2026-08-20	$21.15	$21.21	$21.07	$21.21	$21.21	7,454
2026-08-19	$21.28	$21.28	$21.19	$21.28	$21.28	5,589
2026-08-18	$21.19	$21.19	$21.10	$21.12	$21.12	22,496
2026-08-17	$21.32	$21.32	$21.18	$21.26	$21.26	20,547
2026-08-14	$21.34	$21.35	$21.29	$21.32	$21.32	18,248
2026-08-13	$21.44	$21.46	$21.34	$21.46	$21.46	10,607
2026-08-12	$21.30	$21.39	$21.30	$21.39	$21.39	3,592
2026-08-11	$21.40	$21.40	$21.28	$21.28	$21.28	7,541
2026-08-10	$21.26	$21.31	$21.20	$21.20	$21.20	11,854
2026-08-07	$21.35	$21.42	$21.26	$21.37	$21.37	12,007

#	Ticker	Name	Weight
1	HSBA	HSBC Holdings PLC	5.97%
2	ISP	Intesa Sanpaolo SpA	5.29%
3	ASML	ASML Holding N.V.	5.16%
4	SIE	Siemens Aktiengesellschaft	5.04%
5	ROP	Roche Holding AG	4.93%
6	TTE	TotalEnergies SE	4.76%
7	RIO	Rio Tinto PLC	4.33%
8	SHEL	Shell plc	4.27%
9	ENEL	Enel SpA	4.25%
10	NOVN	Novartis AG	4.06%

Sector	Weight
Financial Services	26.06%
Industrials	14.02%
Healthcare	12.78%
Utilities	9.24%
Energy	9.03%
Consumer Defensive	8.20%
Technology	6.16%
Communication Services	5.95%
Basic Materials	5.13%
Consumer Cyclicals	3.42%
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