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 $20.55 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: +0.88%, 1-year: +15.80%, 3-year annualised: +14.16%, 5-year annualised: +10.91%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.12, 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 6.28%, 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, 5.8%), Rio Tinto PLC (RIO, 5.8%), Roche Holding AG (ROP, 5.5%), TotalEnergies SE (TTE, 5.4%), Shell plc (SHEL, 4.6%) — 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 (24.2%), Industrials (13.5%), Healthcare (12.5%). 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 $1.10B 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 10.25% and a beta of 0.79 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.12 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
2026-06-02	$20.54	$20.60	$20.48	$20.55	$20.55	10,861
2026-06-01	$20.48	$20.56	$20.36	$20.52	$20.52	8,605
2026-05-29	$20.61	$20.61	$20.51	$20.52	$20.52	20,700
2026-05-28	$20.66	$20.66	$20.55	$20.57	$20.57	17,275
2026-05-27	$20.73	$20.79	$20.67	$20.77	$20.77	10,200
2026-05-26	$20.69	$20.88	$20.69	$20.73	$20.73	8,549
2026-05-25	$20.79	$20.80	$20.70	$20.80	$20.80	28,653
2026-05-22	$20.57	$20.62	$20.51	$20.56	$20.56	65,809
2026-05-21	$20.38	$20.66	$20.34	$20.60	$20.60	11,722
2026-05-20	$20.13	$20.52	$20.13	$20.43	$20.43	9,565

#	Ticker	Name	Weight
1	HSBA	HSBC Holdings PLC	5.76%
2	RIO	Rio Tinto PLC	5.76%
3	ROP	Roche Holding AG	5.46%
4	TTE	TotalEnergies SE	5.42%
5	SHEL	Shell plc	4.58%
6	ISP	Intesa Sanpaolo SpA	4.53%
7	SIE	Siemens Aktiengesellschaft	4.37%
8	ENGI	Engie S.A.	4.33%
9	ENEL	Enel SpA	4.29%
10	NOVN	Novartis AG	4.26%

Sector	Weight
Financial Services	24.22%
Industrials	13.49%
Healthcare	12.48%
Energy	9.81%
Utilities	9.78%
Consumer Defensive	8.33%
Basic Materials	7.02%
Communication Services	6.41%
Technology	5.20%
Consumer Cyclicals	3.26%
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