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 $21.11 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: +3.63%, 1-year: +16.31%, 3-year annualised: +14.12%, 5-year annualised: +10.87%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.12, 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 6.19%, 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, 5.6%), Roche Holding AG (ROP, 5.6%), TotalEnergies SE (TTE, 5.4%), Rio Tinto PLC (RIO, 5.1%), Shell plc (SHEL, 4.5%) — 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 (24.2%), Industrials (13.6%), Healthcare (12.3%). 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 $1.10B 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 10.25% and a beta of 0.77 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.12 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
2026-06-22	$21.02	$21.11	$21.00	$21.11	$21.11	22,809
2026-06-19	$20.99	$21.15	$20.94	$21.09	$21.09	6,571
2026-06-18	$21.00	$21.09	$20.99	$21.05	$21.05	4,447
2026-06-17	$20.97	$21.16	$20.96	$20.99	$20.99	13,526
2026-06-16	$21.02	$21.05	$20.88	$20.88	$20.88	27,878
2026-06-15	$21.01	$21.01	$20.93	$21.01	$21.01	8,850
2026-06-12	$20.72	$20.90	$20.72	$20.85	$20.85	22,731
2026-06-11	$20.46	$20.86	$20.45	$20.64	$20.64	13,592
2026-06-10	$20.34	$20.35	$20.22	$20.25	$20.25	7,112
2026-06-09	$20.45	$20.46	$20.25	$20.42	$20.42	5,089

#	Ticker	Name	Weight
1	HSBA	HSBC Holdings PLC	5.62%
2	ROP	Roche Holding AG	5.59%
3	TTE	TotalEnergies SE	5.43%
4	RIO	Rio Tinto PLC	5.13%
5	SHEL	Shell plc	4.49%
6	SIE	Siemens Aktiengesellschaft	4.48%
7	NOVN	Novartis AG	4.42%
8	ISP	Intesa Sanpaolo SpA	4.31%
9	ENEL	Enel SpA	4.16%
10	ENGI	Engie S.A.	4.03%

Sector	Weight
Financial Services	24.20%
Industrials	13.63%
Healthcare	12.32%
Energy	9.59%
Utilities	9.49%
Consumer Defensive	8.07%
Basic Materials	7.55%
Communication Services	6.49%
Technology	5.38%
Consumer Cyclicals	3.28%
Real Estate	0.00%

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

CIBC Investor's Edge

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