Question 1

What is ZWH?

Accepted Answer

ZWH — BMO US High Dividend Covered Call ETF — is a Canadian-listed ETF trading on the TSX. The BMO US High Dividend Covered Call ETF has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The Fund screens for securities for dividend growth, sustainability, and option liquidity. The Fund also dynamically writes covered call options. The call options are w…

Question 2

What is the ZWH ETF price today?

Accepted Answer

ZWH last traded at $27.06 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZWH MER (management expense ratio)?

Accepted Answer

ZWH has a management expense ratio (MER) of 0.67% 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 ZWH annualised returns?

Accepted Answer

ZWH historical returns: YTD: +9.55%, 1-year: +14.27%, 3-year annualised: +16.01%, 5-year annualised: +10.98%, 10-year annualised: +9.61%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.22, which measures risk-adjusted return.

Question 5

Does ZWH pay dividends or distributions?

Accepted Answer

Yes, ZWH distributes income to unitholders. The current distribution yield is approximately 5.82%, 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 ZWH invest in?

Accepted Answer

ZWH's top holdings include Apple Inc. (AAPL, 6.4%), AbbVie Inc (ABBV, 5.5%), Microsoft Corporation (MSFT, 3.9%), Chevron Corp (CVX, 3.9%), Cisco Systems Inc (CSCO, 3.9%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar US Market TR CAD.

Question 7

What sectors does ZWH invest in?

Accepted Answer

ZWH's largest sector exposures are Technology (35.3%), Healthcare (13.3%), Financial Services (11.6%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZWH? (Assets under management)

Accepted Answer

ZWH has approximately $1.18B 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 ZWH launched?

Accepted Answer

ZWH was launched on February 10, 2014, giving it a 12-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 ZWH in Canada?

Accepted Answer

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

Accepted Answer

ZWH has a 1-year volatility of 7.24% and a beta of 0.60 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.22 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
2026-10-29	$26.92	$27.06	$26.92	$27.06	$27.06	7,600
2026-10-28	$27.10	$27.10	$27.00	$27.00	$27.00	5,735
2026-10-27	$26.87	$27.12	$26.87	$27.10	$27.10	29,400
2026-10-26	$26.68	$26.91	$26.68	$26.83	$26.83	22,314
2026-10-23	$26.60	$26.69	$26.49	$26.66	$26.66	9,351
2026-10-22	$26.80	$26.80	$26.58	$26.72	$26.72	13,308
2026-10-21	$26.80	$26.86	$26.80	$26.86	$26.86	10,885
2026-10-20	$26.53	$26.80	$26.50	$26.75	$26.75	15,213
2026-10-19	$26.77	$26.78	$26.63	$26.63	$26.63	7,409
2026-10-16	$27.01	$27.01	$26.76	$26.79	$26.79	10,948

#	Ticker	Name	Weight
1	AAPL	Apple Inc.	6.41%
2	ABBV	AbbVie Inc	5.52%
3	MSFT	Microsoft Corporation	3.85%
4	CVX	Chevron Corp	3.88%
5	CSCO	Cisco Systems Inc	3.86%
6	AVGO	Broadcom Inc	3.93%
7	JPM	JPMorgan Chase & Co	3.90%
8	MRK	Merck & Company Inc	3.83%
9	DELL	Dell Technologies Inc	3.40%
10	BAC	Bank of America Corp	3.41%

Sector	Weight
Technology	35.32%
Healthcare	13.29%
Financial Services	11.59%
Energy	8.63%
Consumer Defensive	7.12%
Communication Services	6.03%
Consumer Cyclicals	4.44%
Utilities	4.43%
Industrials	4.39%
Real Estate	3.90%
Basic Materials	0.78%

Ticker	Name	Price	1D
CGMD		$7.10	+11.64%
LLHE-U	Harvest Eli Lilly Enhanced High Income Shares ETF	$11.25	+9.22%
GASD		$6.29	+8.45%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.91	+7.89%
SLVD	BetaPro Silver -2x Daily Bear ETF	$45.86	+7.83%
HND	BetaPro Natural Gas 2x Daily Bear	$29.33	+6.97%
LLHE	Harvest Eli Lilly Enhanced High Income Shares ETF - Class A Units	$11.55	+6.06%
QQQD		$6.98	+4.96%

BMO US High Dividend Covered Call ETF (ZWH : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO US High Dividend Covered Call ETF

ETF Details

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Frequently Asked Questions — ZWH