BMO Europe High Dividend Covered Call ETF (TSX: ZWP)

Canada flag Canada · Delayed Price · Currency is CAD
18.16
-0.27 (-1.47%)
Jun 14, 2024, 3:59 PM EDT
6.20%
Assets 773.25M
Expense Ratio 0.74%
PE Ratio 12.76
Dividend (ttm) 1.26
Dividend Yield 6.94%
Ex-Dividend Date May 30, 2024
Payout Frequency Monthly
Payout Ratio 88.51%
1-Year Return +7.85%
Volume 5,298
Open 18.14
Previous Close 18.43
Day's Range n/a
52-Week Low 16.16
52-Week High 18.80
Beta 0.81
Holdings 82
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.

Asset Class Equity
Category High Dividend Yield
Stock Exchange Toronto Stock Exchange
Ticker Symbol ZWP
Provider BMO

Performance

ZWP had a total return of 7.85% in the past year. Since the fund's inception, the average annual return has been -1.53%, including dividends.

Top 10 Holdings

37.84% of assets
Name Symbol Weight
NOVO NORDISK A/S NOVO B.CO 4.24%
HSBC HOLDINGS PLC HSBA.L 3.97%
RIO TINTO PLC RIO.L 3.85%
ALLIANZ SE ALV.DE 3.84%
LVMH MOET HENNESSY LOUIS VUITTON SE MC.PA 3.77%
TOTALENERGIES SE TTE.PA 3.75%
ROCHE HOLDING AG ROG.SW 3.66%
SANOFI SA SAN.PA 3.63%
VOLKSWAGEN AG PFD VOW3.DE 3.57%
NESTLE SA NESN.SW 3.56%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
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
Dec 27, 2023 0.105 CAD Jan 3, 2024
Full Dividend History