Question 1

What is ZWC?

Accepted Answer

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

Question 2

What is the ZWC ETF price today?

Accepted Answer

ZWC last traded at $22.58 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZWC MER (management expense ratio)?

Accepted Answer

ZWC 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 ZWC annualised returns?

Accepted Answer

ZWC historical returns: YTD: +9.35%, 1-year: +26.92%, 3-year annualised: +19.38%, 5-year annualised: +11.65%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.58, which measures risk-adjusted return.

Question 5

Does ZWC pay dividends or distributions?

Accepted Answer

Yes, ZWC distributes income to unitholders. The current distribution yield is approximately 5.79%, 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 ZWC invest in?

Accepted Answer

ZWC's top holdings include Royal Bank of Canada (RY, 8.0%), Toronto Dominion Bank (TD, 6.3%), Canadian Imperial Bank Of Commerce (CM, 5.9%), Canadian Natural Resources Ltd (CNQ, 5.8%), Bank of Nova Scotia (BNS, 5.6%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada GR CAD.

Question 7

What sectors does ZWC invest in?

Accepted Answer

ZWC's largest sector exposures are Financial Services (41.0%), Energy (21.2%), Basic Materials (12.3%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZWC? (Assets under management)

Accepted Answer

ZWC has approximately $2.51B 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 ZWC launched?

Accepted Answer

ZWC was launched on February 3, 2017, giving it a 9-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 ZWC in Canada?

Accepted Answer

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

Accepted Answer

ZWC has a 1-year volatility of 7.97% and a beta of 0.77 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.58 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
2026-09-10	$22.70	$22.71	$22.56	$22.58	$22.58	95,064
2026-09-09	$22.81	$22.82	$22.72	$22.75	$22.75	81,186
2026-09-08	$22.90	$23.02	$22.83	$22.87	$22.87	96,484
2026-09-04	$22.99	$23.08	$22.95	$23.00	$23.00	73,200
2026-09-03	$22.84	$23.09	$22.84	$23.07	$23.07	79,335
2026-09-02	$22.64	$22.82	$22.64	$22.80	$22.80	48,397
2026-09-01	$22.70	$22.75	$22.57	$22.64	$22.64	110,550
2026-08-31	$22.81	$22.86	$22.63	$22.70	$22.70	111,130
2026-08-28	$22.91	$22.95	$22.67	$22.75	$22.75	72,481
2026-08-27	$23.07	$23.08	$22.83	$22.95	$22.95	67,081

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.04%
2	TD	Toronto Dominion Bank	6.28%
3	CM	Canadian Imperial Bank Of Commerce	5.87%
4	CNQ	Canadian Natural Resources Ltd	5.80%
5	BNS	Bank of Nova Scotia	5.62%
6	SU	Suncor Energy Inc	4.69%
7	ENB	Enbridge Inc	4.63%
8	TRP	TC Energy Corp	4.00%
9	BMO	Bank of Montreal	3.84%
10	NTR	Nutrien Ltd	3.10%

Sector	Weight
Financial Services	41.01%
Energy	21.24%
Basic Materials	12.28%
Utilities	8.35%
Industrials	5.64%
Communication Services	5.27%
Consumer Cyclicals	4.28%
Consumer Defensive	1.93%
Real Estate	0.00%
Technology	0.00%
Healthcare	0.00%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

CIBC Investor's Edge

BMO Canadian High Dividend Covered Call (ZWC : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Canadian High Dividend Covered Call

ETF Details

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Frequently Asked Questions — ZWC