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BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE : TSX)

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European Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2018

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Close
(07-25-2024) 		$20.55
Change
-$0.18 (-0.87%)
Open $20.73
Day Range $20.50 - $20.73
Volume 20,413

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

  • Closing Price / Volume
Period
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Legend

BMO Europe High Dividend Covered Call Hedged to CAD ETF

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Fund Returns

Inception Return (September 09, 2015): 7.58%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -1.26% 1.23% 8.10% 8.10% 12.62% 16.31% 9.58% 12.09% 7.71% 7.37% 6.51% 8.57% - -
Benchmark -2.07% 1.45% 8.85% 8.85% 15.49% 19.88% 6.56% 10.64% 7.91% 6.69% 6.82% 8.63% 6.66% 6.91%
Category Average -2.21% 6.30% 6.30% 6.30% 12.79% 15.78% 2.78% 7.38% 5.17% 3.94% 4.09% 5.41% 4.06% 4.44%
Category Rank 29 / 106 61 / 106 40 / 106 40 / 106 79 / 106 53 / 106 6 / 105 12 / 103 26 / 103 9 / 96 21 / 92 8 / 80 - -
Quartile Ranking 2 3 2 2 3 2 1 1 2 1 1 1 - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.47% -0.67% -0.77% -1.18% 3.56% 2.81% 1.84% 2.25% 2.55% -0.86% 3.41% -1.26%
Benchmark 2.73% -1.44% -4.13% -1.41% 7.87% 2.78% 0.64% 2.87% 3.63% -0.53% 4.15% -2.07%

Best Monthly Return Since Inception

13.48% (November 2020)

Worst Monthly Return Since Inception

-12.57% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 12.65% 10.82% -8.54% 21.49% -8.30% 19.46% 0.10% 14.67%
Benchmark 3.06% 17.20% -3.54% 18.15% -7.68% 19.54% 3.59% 15.26% -10.82% 17.51%
Category Average -0.81% 17.33% -5.77% 14.98% -9.04% 15.21% 3.84% 11.84% -15.77% 16.91%
Quartile Ranking - - 1 3 2 1 4 1 1 4
Category Rank - - 1/ 76 65/ 87 39/ 95 22/ 100 100/ 103 9/ 105 4/ 106 87/ 106

Best Calendar Return (Last 10 years)

21.49% (2019)

Worst Calendar Return (Last 10 years)

-8.54% (2018)

Asset Allocation

Asset Allocation
Name Percent
International Equity 99.22
Cash and Equivalents 0.78

Sector Allocation

Sector Allocation
Name Percent
Financial Services 20.27
Consumer Goods 19.84
Healthcare 17.28
Industrial Goods 10.90
Technology 6.46
Other 25.25

Geographic Allocation

Geographic Allocation
Name Percent
Europe 99.52
North America 0.77
Other -0.29

Top Holdings

Top Holdings
Name Percent
BMO Europe High Dividend Covered Call ETF (ZWP) 99.34
CAD Currency Forward 0.75
CANADIAN DOLLAR 0.02
SWEDISH KRONA 0.02
EURO CURRENCY 0.00
POUND STERLING 0.00
US DOLLAR 0.00
DKK Currency Forward 0.00
CHF Currency Forward -0.01
SEK Currency Forward -0.03

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Europe High Dividend Covered Call Hedged to CAD ETF

Median

Other - European Equity

3 Yr Annualized

Standard Deviation 11.38% 13.93% -
Beta 0.70% 0.84% -
Alpha 0.05% 0.01% -
Rsquared 0.85% 0.84% -
Sharpe 0.60% 0.45% -
Sortino 1.01% 0.58% -
Treynor 0.10% 0.08% -
Tax Efficiency 70.26% 62.37% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.59% 11.38% 13.93% -
Beta 0.50% 0.70% 0.84% -
Alpha 0.05% 0.05% 0.01% -
Rsquared 0.78% 0.85% 0.84% -
Sharpe 1.11% 0.60% 0.45% -
Sortino 3.35% 1.01% 0.58% -
Treynor 0.15% 0.10% 0.08% -
Tax Efficiency 76.33% 70.26% 62.37% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date September 09, 2015
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $600
52 Week High $21.45
52 Week Low $18.57
Annual Dividend $1.44
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy Yes

Investment Objectives

The fund seeks to provide unitholders with exposure to the performance of a portfolio of dividend paying European companies to generate income and to provide long-term capital appreciation. The fund will primarily invest in and hold the equity securities of dividend paying European companies. In addition, depending on market volatility and other factors, the fund will write covered call options on these securities.

Investment Strategy

The investment strategy of each BMO ETF is to invest in and hold a portfolio of securities selected by the Manager in order to achieve its investment objectives. The BMO ETFs may also hold cash and cash equivalents or other money market instruments in order to meet their current obligations.

Portfolio Manager(s)

Name Start Date
BMO Asset Management Inc. 09-09-2015

Management and Organization

Fund Manager BMO Asset Management Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.73%
Management Fee 0.65%

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