Key stats
About BMO Europe High Dividend Covered Call ETF
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Inception date
Mar 2, 2018
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
CA05585L1058
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
Finance
Consumer Non-Durables
Health Technology
Stocks98.44%
Finance22.66%
Consumer Non-Durables16.38%
Health Technology10.49%
Producer Manufacturing9.45%
Energy Minerals7.79%
Consumer Durables6.12%
Communications5.51%
Utilities5.06%
Electronic Technology4.08%
Non-Energy Minerals3.82%
Process Industries2.82%
Technology Services2.02%
Commercial Services1.74%
Bonds, Cash & Other1.56%
Cash2.07%
Miscellaneous−0.51%
Stock breakdown by region
Europe100.00%
North America0.00%
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
ZWP invests in stocks. The fund's major sectors are Finance, with 22.77% stocks, and Consumer Non-Durables, with 16.47% of the basket. The assets are mostly located in the Europe region.
ZWP top holdings are Volkswagen AG Pref and Allianz SE, occupying 4.20% and 4.14% of the portfolio correspondingly.
ZWP last dividends amounted to 0.11 CAD. The month before, the issuer paid 0.11 CAD in dividends,
ZWP assets under management is 973.53 M CAD. It's risen 0.09% over the last month.
ZWP fund flows account for 149.02 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, ZWP pays dividends to its holders with the dividend yield of 6.38%. The last dividend (Sep 3, 2025) amounted to 0.10 CAD. The dividends are paid monthly.
ZWP shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Mar 2, 2018, and its management style is Active.
ZWP expense ratio is 0.74% meaning you'd have to pay 0.74% of your investment to help manage the fund.
ZWP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWP invests in stocks.
ZWP price has risen by 1.13% over the last month, and its yearly performance shows a 5.48% increase. See more dynamics on ZWP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.17% over the last month, showed a 7.91% increase in three-month performance and has increased by 13.01% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.17% over the last month, showed a 7.91% increase in three-month performance and has increased by 13.01% in a year.
ZWP trades at a premium (0.61%) meaning the ETF is trading at a higher price than the calculated NAV.