Key stats
About BMO Europe High Dividend Covered Call Hedged to CAD ETF
Home page
Inception date
Sep 9, 2015
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
CA05580X1042
The fund combines a dividend strategy with a covered call options overlay. Its underlying portfolio holds high yielding European dividend equities that are screened for dividend payout sustainability and positive 3-year dividend growth. Underlying portfolio securities are selected and weighted by dividend yield. The fund holds underlying stock positions on this portfolio and writes call options out of the money. The 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, which provide 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
ETF
Bonds, Cash & Other100.00%
ETF101.08%
Cash−1.08%
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
ZWE last dividends amounted to 0.12 CAD. The month before, the issuer paid 0.12 CAD in dividends,
ZWE assets under management is 708.68 M CAD. It's risen 2.03% over the last month.
ZWE fund flows account for 105.47 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, ZWE pays dividends to its holders with the dividend yield of 7.05%. The last dividend (Sep 3, 2025) amounted to 0.12 CAD. The dividends are paid monthly.
ZWE shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Sep 9, 2015, and its management style is Active.
ZWE expense ratio is 0.74% meaning you'd have to pay 0.74% of your investment to help manage the fund.
ZWE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWE invests in funds.
ZWE price has fallen by −0.82% over the last month, and its yearly performance shows a −1.21% decrease. See more dynamics on ZWE price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.21% over the last month, showed a 5.02% increase in three-month performance and has increased by 5.45% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.21% over the last month, showed a 5.02% increase in three-month performance and has increased by 5.45% in a year.
ZWE trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.