Key stats
About BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF
Home page
Inception date
Oct 20, 2011
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
ISIN
CA05573X1033
The fund applies a covered call option (or buy-write) strategy on the Dow Jones Industrial Average (DJIA), which is a price-weighted index of 30 US blue-chip companies selected by editors of the Wall Street Journal. The fund holds underlying stock positions on the DJIA and writes call options out of the money. Call options, which are either exchange-traded or over-the-counter, are selected based on the option's implied volatility. The funds strategy enables investors to earn call option premiums and have tax-efficient distributions. The option premium provides investors with limited downside protection.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Electronic Technology
Stocks100.30%
Finance27.11%
Technology Services13.78%
Electronic Technology12.39%
Retail Trade9.52%
Producer Manufacturing8.42%
Health Technology7.60%
Consumer Services5.47%
Health Services4.61%
Process Industries4.51%
Consumer Non-Durables3.89%
Energy Minerals2.04%
Communications0.58%
Bonds, Cash & Other−0.30%
Cash0.09%
Rights & Warrants−0.39%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZWA invests in stocks. The fund's major sectors are Finance, with 27.21% stocks, and Technology Services, with 13.83% of the basket. The assets are mostly located in the North America region.
ZWA top holdings are Goldman Sachs Group, Inc. and Microsoft Corporation, occupying 10.43% and 6.90% of the portfolio correspondingly.
ZWA last dividends amounted to 0.13 CAD. The month before, the issuer paid 0.13 CAD in dividends,
ZWA assets under management is 199.05 M CAD. It's fallen 2.12% over the last month.
ZWA fund flows account for −6.47 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ZWA pays dividends to its holders with the dividend yield of 5.79%. The last dividend (Oct 2, 2025) amounted to 0.13 CAD. The dividends are paid monthly.
ZWA shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Oct 20, 2011, and its management style is Active.
ZWA expense ratio is 0.76% meaning you'd have to pay 0.76% of your investment to help manage the fund.
ZWA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWA invests in stocks.
ZWA price has fallen by −0.11% over the last month, and its yearly performance shows a 0.04% increase. See more dynamics on ZWA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.73% over the last month, showed a 4.04% increase in three-month performance and has increased by 5.93% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.73% over the last month, showed a 4.04% increase in three-month performance and has increased by 5.93% in a year.
ZWA trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.