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 $20.59 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: +1.08%, 1-year: +15.91%, 3-year annualised: +13.79%, 5-year annualised: +10.70%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.14, 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 6.12%, 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%), ASML Holding N.V. (ASML, 5.5%), Siemens Aktiengesellschaft (SIE, 5.2%), Intesa Sanpaolo SpA (ISP, 5.2%), 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 (24.9%), Industrials (14.9%), Healthcare (12.6%). 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 $1.08B 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 10.26% and a beta of 0.77 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.14 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
2026-07-20	$20.79	$20.79	$20.50	$20.59	$20.59	28,907
2026-07-17	$20.75	$20.75	$20.55	$20.74	$20.74	13,062
2026-07-16	$20.64	$20.89	$20.64	$20.89	$20.89	12,316
2026-07-15	$20.78	$20.89	$20.75	$20.83	$20.83	5,389
2026-07-14	$20.64	$20.77	$20.64	$20.76	$20.76	9,988
2026-07-13	$20.81	$20.82	$20.65	$20.66	$20.66	10,339
2026-07-10	$20.96	$20.96	$20.78	$20.85	$20.85	16,512
2026-07-09	$20.86	$21.00	$20.78	$21.00	$21.00	11,238
2026-07-08	$20.81	$20.86	$20.64	$20.86	$20.86	13,996
2026-07-07	$21.06	$21.11	$20.96	$21.09	$21.09	17,569

#	Ticker	Name	Weight
1	HSBA	HSBC Holdings PLC	5.59%
2	ASML	ASML Holding N.V.	5.52%
3	SIE	Siemens Aktiengesellschaft	5.22%
4	ISP	Intesa Sanpaolo SpA	5.18%
5	ROP	Roche Holding AG	4.85%
6	TTE	TotalEnergies SE	4.67%
7	RIO	Rio Tinto PLC	4.67%
8	ENEL	Enel SpA	4.31%
9	NOVN	Novartis AG	3.95%
10	DTE	Deutsche Telekom AG	3.94%

Sector	Weight
Financial Services	24.93%
Industrials	14.85%
Healthcare	12.61%
Utilities	9.15%
Energy	8.49%
Consumer Defensive	7.85%
Technology	6.63%
Communication Services	6.04%
Basic Materials	5.66%
Consumer Cyclicals	3.79%
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