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ZWU ETF · BMO Covered Call Utilities ETF
The ZWU 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 Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofStructured Products1M perf.-1.33%
Last price
$12.06
1M perf.
+4.87%
1M flows
-€10M
AuM
€1.35B
E/R
0.71%
Rating
Not rated
ESG Consensus®
ZWU
$12.06
Performance & flows
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December 10, 2025 → March 10, 2026
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ZWU
$12.09
+12.87%
Structured Products
+3.92%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +4.87%  | +12.87% | +17.55%  | +38.55% | +43.67%  | -0.36% | +10.54% | +10.54% | |
| 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
3/10/2026
$12.09
1D NAV change
+0.14%
Dividend policy
No. of holdings
29
Inception date
10/27/2011
Jurisdiction
Canada
Distribution
Canada
Legal structure
Unit Trust
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
BMO Covered Call Utilities ETF has been designed to provide exposure to an equal weight portfolio of utilities, telecoms and pipeline companies, while earning call option premiums. The call options are written out of the money, selected based on the option's implied volatility, and are written in proportion to the securities weight.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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+4.87%
E/R
0.73%
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1M perf.
-2.15%
E/R
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1M perf.
+0.28%
E/R
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DBMF
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +12.87% | +17.55% | +38.55% | +43.67% |
| 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
Canada
55.79%
USA
40.36%
Bermuda
3.85%
Sectors
Utilities
56.59%
Energy
22.72%
Communication Services
20.69%
Diversification
Total weight of top 15 holdings out of 29
Top 15 holdings
Data as of January 31, 2026
HYDRO ONE
FORTIS
EMERA
TC ENERGY CORP
ENBRIDGE
PEMBINA PIPELINE
VERIZON COMMUNICATIONS
NEXTERA ENERGY
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AT&T
BCE
KINDER MORGAN
AMERICAN ELECTRIC POWER
ROGERS COMMUNICATIONS
CANADIAN UTILITIES
PPL
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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
€115.73B
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 | €13.3B |
ZCN | BMO S&P/TSX Capped Composite Index ETF | €9.61B |
ZAG | BMO Aggregate Bond Index ETF | €7.76B |
ZEA | BMO MSCI EAFE Index ETF | €7.45B |
ZLB | BMO Low Volatility Canadian Equity ETF | €3.74B |
Frequently asked questions about ZWU
What does BMO Covered Call Utilities ETF, ZWU, invest in?
ZWU is a Active ETF. This ETF provides exposure to Large Cap North American Utilities Equities.
What is the Total Expense ratio (TER) of ZWU?
ZWU carries a total expense ratio (TER) of 0.71%, indicating the annual cost for holding the fund.
When was ZWU launched?
ZWU was introduced to the market on October 27, 2011. It trades on Canada
Who is the ETF issuer of ZWU?
BMO Covered Call Utilities ETF, ZWU, is provided by BMO. Learn more about BMO here.
What is the current assets under management (AUM) of ZWU?
ZWU oversees €1.35B in assets as of March 10, 2026.
How has ZWU performed lately?
Based on data from March 10, 2026, ZWU returned 4.87% over the past month, 12.87% over the last three months and 10.54% year-to-date.
What are the latest inflows or outflows for ZWU?
As of March 10, 2026, ZWU recorded net flows of -€10M over the last month and -€1.6M year-to-date.
Does ZWU distribute dividends?
ZWU follows a distributing dividend policy, meaning it pays out income to investors. As of March 10, 2026, its 12-month trailing yield was 6.95%.
What are the main country or region exposures of ZWU?
As of January 31, 2026, ZWU has significant geographic allocations in Canada, USA and Bermuda.
In which sector or theme does ZWU invest in?
As of January 31, 2026, ZWU focuses largely on Utilities, Energy and Communication Services.
How many securities does ZWU hold and how diversified is it?
As of January 31, 2026, ZWU holds 29 positions in its portfolio, with 69.39% of assets concentrated in its top 15 holdings.
What are the main positions in ZWU?
As of January 31, 2026, ZWU top three holdings include HYDRO ONE, FORTIS and EMERA.
What is the base currency of ZWU?
The base currency of ZWU is CAD.
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