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ZWS ETF · BMO US High Dividend Covered Call Hedged to CAD ETF
The ZWS Exchange Traded Fund (ETF) is provided by BMO. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofStructured Products1M perf.-1.93%
Last price
$20.99
1M perf.
-3.38%
1M flows
-€6.8M
AuM
€77M
E/R
0.71%
Rating
Not rated
ESG Consensus®
ZWS
$20.99
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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ZWS
$20.95
+1.08%
Structured Products
+1.60%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.38%  | +1.08%  | +12.82% | +33.34% | +39.13% | -3.52% | +1.87% | +1.87% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/13/2026
$20.95
1D NAV change
-0.36%
Dividend policy
No. of holdings
35
Inception date
3/7/2018
Jurisdiction
Canada
Distribution
Canada
Legal structure
Open-end Fund
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The BMO US High Dividend Covered Call Hedged to CAD ETF (Target Cash Flow Units) has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. Currently, the ETF invests in BMO Europe High Dividend Covered Call ETF that provides exposure to dividend-paying equities of companies in the U.S. in addition to dynamically writing covered call options. The option premiums provide some downside protection. The ETF is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds. The U.S. currency exposure is hedged back to the Canadian dollar. ZWS.T pays an 11% annual distribution set yearly and paid monthly.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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ZWH
1M perf.
-2.52%
E/R
0.71%
ZWS.T
1M perf.
-3.38%
E/R
0.73%
RUDC
1M perf.
-3.26%
E/R
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XOEX
1M perf.
-4.14%
E/R
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DJD
1M perf.
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E/R
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.08% | +12.82% | +33.34% | +39.13% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Countries
USA
95.86%
Ireland
3.18%
Unavailable
0.96%
Sectors
Information Technology
24.07%
Health Care
17.08%
Financials
13.10%
Consumer Staples
10.47%
Consumer Discretionary
9.40%
Industrials
7.57%
Energy
7.33%
Utilities
4.17%
Unavailable
2.67%
Other
4.14%
Diversification
Total weight of top 15 holdings out of 35
Top 15 holdings
Data as of January 31, 2026
MERCK & CO INC
APPLE
ABBVIE
JPMORGAN CHASE
PFIZER
EXXON
BK OF AMERICA CO
PEPSICO U
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HOME DEPOT
COCA-COLA
CHEVRON TEXACO
MORGAN STANLEY
CISCO-T
MICROSOFT-T
PROCTERGAMBLE
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
BMO
BMO ID Card
Number of funds
276
Total AuM
€114.93B
Expense ratio range
0.05% - 1.17%
Average expense ratio
0.4463%
Top 5 funds by BMO
| AuM | ||
|---|---|---|
ZSP | BMO S&P 500 Index ETF | €13.16B |
ZCN | BMO S&P/TSX Capped Composite Index ETF | €9.46B |
ZAG | BMO Aggregate Bond Index ETF | €7.75B |
ZEA | BMO MSCI EAFE Index ETF | €7.34B |
ZLB | BMO Low Volatility Canadian Equity ETF | €3.74B |
Frequently asked questions about ZWS
What does BMO US High Dividend Covered Call Hedged to CAD ETF, ZWS, invest in?
ZWS is a Active ETF. This ETF provides exposure to US Equities.
What is the Total Expense ratio (TER) of ZWS?
ZWS carries a total expense ratio (TER) of 0.71%, indicating the annual cost for holding the fund.
When was ZWS launched?
ZWS was introduced to the market on March 7, 2018. It trades on Canada
Who is the ETF issuer of ZWS?
BMO US High Dividend Covered Call Hedged to CAD ETF, ZWS, is provided by BMO. Learn more about BMO here.
What is the current assets under management (AUM) of ZWS?
ZWS oversees €77M in assets as of March 13, 2026.
How has ZWS performed lately?
Based on data from March 13, 2026, ZWS returned -3.38% over the past month, 1.08% over the last three months and 1.87% year-to-date.
What are the latest inflows or outflows for ZWS?
As of March 13, 2026, ZWS recorded net flows of -€6.7M over the last month and -€5.4M year-to-date.
Does ZWS distribute dividends?
ZWS follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 6.01%.
What are the main country or region exposures of ZWS?
As of January 31, 2026, ZWS has significant geographic allocations in USA and Ireland.
In which sector or theme does ZWS invest in?
As of January 31, 2026, ZWS focuses largely on Information Technology, Health Care and Financials.
How many securities does ZWS hold and how diversified is it?
As of January 31, 2026, ZWS holds 35 positions in its portfolio, with 55.82% of assets concentrated in its top 15 holdings.
What are the main positions in ZWS?
As of January 31, 2026, ZWS top three holdings include MERCK & CO INC, APPLE and ABBVIE.
What is the base currency of ZWS?
The base currency of ZWS is CAD.
Is ZWS currency-hedged?
ZWS is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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