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About BMO Covered Call Energy ETF
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Inception date
Jan 23, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
ISIN
CA05592R1038
The fund applies a covered call option (or buy-write) strategy on the renewable energy theme of the global equity market. The fund holds underlying stock positions on renewable energy companies, 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. The funds underlying portfolio is rebalanced and reconstituted on a semi-annual basis, and options are rolled forward upon expiry.
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
Energy Minerals
Industrial Services
Stocks99.49%
Energy Minerals70.33%
Industrial Services28.92%
Bonds, Cash & Other0.51%
Cash0.76%
Rights & Warrants−0.25%
Stock breakdown by region
North America79.49%
Europe20.51%
Latin America0.00%
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
ZWEN invests in stocks. The fund's major sectors are Energy Minerals, with 70.50% stocks, and Industrial Services, with 28.99% of the basket. The assets are mostly located in the North America region.
ZWEN top holdings are Enbridge Inc. and Marathon Petroleum Corporation, occupying 5.43% and 5.40% of the portfolio correspondingly.
ZWEN last dividends amounted to 0.22 CAD. The month before, the issuer paid 0.22 CAD in dividends,
ZWEN assets under management is 109.35 M CAD. It's risen 2.70% over the last month.
ZWEN fund flows account for 54.18 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, ZWEN pays dividends to its holders with the dividend yield of 9.38%. The last dividend (Sep 3, 2025) amounted to 0.22 CAD. The dividends are paid monthly.
ZWEN shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Jan 23, 2023, and its management style is Active.
ZWEN expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
ZWEN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWEN invests in stocks.
ZWEN price has risen by 2.33% over the last month, and its yearly performance shows a 0.04% increase. See more dynamics on ZWEN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.24% over the last month, showed a 7.20% increase in three-month performance and has increased by 10.05% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.24% over the last month, showed a 7.20% increase in three-month performance and has increased by 10.05% in a year.
ZWEN trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.