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 $20.54 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: +0.83%, 1-year: +11.87%, 3-year annualised: +14.22%, 5-year annualised: +10.60%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.18, 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 6.11%, 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, 6.1%), Intesa Sanpaolo SpA (ISP, 5.3%), Siemens Aktiengesellschaft (SIE, 5.2%), Roche Holding AG (ROP, 5.2%), TotalEnergies SE (TTE, 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 (26.1%), Industrials (14.5%), Healthcare (12.8%). 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 $1.11B 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 9.64% and a beta of 0.78 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.18 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	$20.56	$20.72	$20.53	$20.54	$20.54	27,986
2026-09-09	$20.85	$20.90	$20.76	$20.90	$20.90	14,853
2026-09-08	$21.00	$21.09	$20.79	$20.79	$20.79	20,693
2026-09-04	$20.94	$21.13	$20.94	$21.11	$21.11	12,400
2026-09-03	$20.91	$21.38	$20.91	$21.38	$21.38	23,868
2026-09-02	$21.05	$21.05	$20.90	$21.05	$21.05	12,919
2026-09-01	$20.96	$21.05	$20.91	$21.04	$21.04	18,182
2026-08-31	$21.09	$21.09	$21.00	$21.00	$21.00	12,869
2026-08-28	$21.35	$21.35	$21.17	$21.27	$21.27	12,500
2026-08-27	$21.45	$21.49	$21.33	$21.49	$21.49	7,423

#	Ticker	Name	Weight
1	HSBA	HSBC Holdings PLC	6.10%
2	ISP	Intesa Sanpaolo SpA	5.32%
3	SIE	Siemens Aktiengesellschaft	5.20%
4	ROP	Roche Holding AG	5.16%
5	TTE	TotalEnergies SE	4.89%
6	ASML	ASML Holding N.V.	4.58%
7	RIO	Rio Tinto PLC	4.50%
8	SHEL	Shell plc	4.37%
9	ENEL	Enel SpA	4.11%
10	NOVN	Novartis AG	4.05%

Sector	Weight
Financial Services	26.12%
Industrials	14.47%
Healthcare	12.76%
Energy	9.01%
Utilities	8.66%
Consumer Defensive	7.73%
Technology	6.32%
Communication Services	5.98%
Basic Materials	5.51%
Consumer Cyclicals	3.43%
Real Estate	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 Europe High Dividend Covered Call ETF (ZWP : TSX)

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