Question 1

What is ZWU?

Accepted Answer

ZWU (BMO Covered Call Utilities ETF) is a Canadian-listed ETF trading on the TSX in the Sector Equity category. It tracks the Morningstar Global Markets GR CAD.

Question 2

What is the ZWU ETF price today?

Accepted Answer

ZWU last traded at $11.95 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZWU MER (management expense ratio)?

Accepted Answer

ZWU 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 ZWU annualised returns?

Accepted Answer

ZWU historical returns: YTD: +7.71%, 1-year: +16.92%, 3-year annualised: +11.28%, 5-year annualised: +6.37%, 10-year annualised: +6.21%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.76, which measures risk-adjusted return.

Question 5

Does ZWU pay dividends or distributions?

Accepted Answer

Yes, ZWU distributes income to unitholders. The current distribution yield is approximately 7.07%, 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 ZWU invest in?

Accepted Answer

ZWU's top holdings include TC Energy Corp (TRP, 5.6%), Enbridge Inc (ENB, 5.3%), BMO Equal Weight Utilities Index ETF (ZUT, 5.1%), Hydro One Ltd (H, 5.1%), Fortis Inc (FTS, 5.0%) — 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 ZWU invest in?

Accepted Answer

ZWU's largest sector exposures are Utilities (50.9%), Energy (27.9%), Communication Services (21.2%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZWU? (Assets under management)

Accepted Answer

ZWU has approximately $2.21B 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 ZWU launched?

Accepted Answer

ZWU was launched on October 20, 2011, giving it a 15-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 ZWU in Canada?

Accepted Answer

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

Accepted Answer

ZWU has a 1-year volatility of 8.53% and a beta of 0.24 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.76 indicates moderate 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	$11.94	$11.99	$11.91	$11.95	$11.95	284,294
2026-06-19	$11.89	$11.98	$11.86	$11.95	$11.95	113,889
2026-06-18	$11.91	$11.97	$11.86	$11.91	$11.91	252,420
2026-06-17	$12.01	$12.01	$11.86	$11.89	$11.89	433,331
2026-06-16	$12.02	$12.07	$11.98	$12.00	$12.00	205,618
2026-06-15	$12.04	$12.05	$11.92	$12.02	$12.02	188,945
2026-06-12	$12.00	$12.07	$11.99	$12.01	$12.01	180,015
2026-06-11	$11.93	$12.05	$11.93	$11.96	$11.96	352,457
2026-06-10	$11.88	$11.95	$11.83	$11.94	$11.94	291,582
2026-06-09	$11.78	$11.89	$11.77	$11.84	$11.84	376,551

#	Ticker	Name	Weight
1	TRP	TC Energy Corp	5.60%
2	ENB	Enbridge Inc	5.27%
3	ZUT	BMO Equal Weight Utilities Index ETF	5.11%
4	H	Hydro One Ltd	5.11%
5	FTS	Fortis Inc	4.98%
6	PPL	Pembina Pipeline Corp	4.93%
7	WMB	Williams Companies Inc	4.76%
8	VZ	Verizon Communications Inc	4.74%
9	T	AT&T Inc.	4.38%
10	BCE	BCE Inc	4.20%

Sector	Weight
Utilities	50.95%
Energy	27.89%
Communication Services	21.16%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%

BMO Covered Call Utilities ETF (ZWU : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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