BMO Europe High Dividend Covered Call ETF (TSX: ZWP)
Canada
· Delayed Price · Currency is CAD | Assets | 773.53M |
| Expense Ratio | 0.74% |
| PE Ratio | 12.76 |
| Dividend (ttm) | 1.26 |
| Dividend Yield | 6.85% |
| Ex-Dividend Date | Jun 27, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 87.35% |
| 1-Year Return | +6.20% |
| Volume | 16,116 |
| Open | 18.35 |
| Previous Close | 18.33 |
| Day's Range | n/a |
| 52-Week Low | 16.16 |
| 52-Week High | 18.80 |
| Beta | 0.82 |
| Holdings | 76 |
| Inception Date | Mar 2, 2018 |
About ZWP
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.
Performance
ZWP had a total return of 11.50% in the past year. Since the fund's inception, the average annual return has been -1.69%, including dividends.
Top 10 Holdings
38.07% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHE HOLDING AG | ROG.SW | 4.05% |
| SANOFI SA | SAN.PA | 3.97% |
| HSBC HOLDINGS PLC | HSBA.L | 3.94% |
| ALLIANZ SE | ALV.DE | 3.91% |
| TOTALENERGIES SE | TTE.PA | 3.76% |
| NOVARTIS AG | NOVN.SW | 3.75% |
| RIO TINTO PLC | RIO.L | 3.74% |
| VOLKSWAGEN AG PFD | VOW3.DE | 3.68% |
| UNILEVER PLC | ULVR.L | 3.67% |
| NOVO NORDISK A/S | NOVO B.CO | 3.60% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2024 | 0.105 CAD | Jul 3, 2024 |
| May 30, 2024 | 0.105 CAD | Jun 4, 2024 |
| Apr 26, 2024 | 0.105 CAD | May 2, 2024 |
| Mar 27, 2024 | 0.105 CAD | Apr 2, 2024 |
| Feb 27, 2024 | 0.105 CAD | Mar 4, 2024 |
| Jan 29, 2024 | 0.105 CAD | Feb 2, 2024 |