Key stats
About BMO ASSET MANAGEMENT INC COVERED CALL HEALTH CARE ETF
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Inception date
Jan 23, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
The fund applies a covered call option (or buy-write) strategy on the health care segment of the US equity market. The fund holds underlying stock positions on health care and health care-related companies, and writes call options out of the money. 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 and have tax-efficient distributions. The option premium provides investors with limited downside protection. The funds underlying portfolio is rebalanced and reconstituted on a semi-annual basis, and options are rolled forward upon expiry.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
Health Services
Stocks99.58%
Health Technology83.04%
Health Services11.66%
Finance4.63%
Bonds, Cash & Other0.42%
Cash0.68%
Rights & Warrants−0.27%
Stock breakdown by region
North America95.40%
Europe4.60%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZWHC invests in stocks. The fund's major sectors are Health Technology, with 83.26% stocks, and Health Services, with 11.69% of the basket. The assets are mostly located in the North America region.
ZWHC top holdings are Intuitive Surgical, Inc. and Abbott Laboratories, occupying 5.24% and 5.12% of the portfolio correspondingly.
ZWHC last dividends amounted to 0.16 CAD. The month before, the issuer paid 0.16 CAD in dividends,
ZWHC assets under management is 20.64 M CAD. It's fallen 2.44% over the last month.
ZWHC fund flows account for 8.97 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ZWHC pays dividends to its holders with the dividend yield of 7.45%. The last dividend (Aug 5, 2025) amounted to 0.16 CAD. The dividends are paid monthly.
ZWHC shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Jan 23, 2023, and its management style is Active.
ZWHC expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
ZWHC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZWHC invests in stocks.
ZWHC price has fallen by −3.38% over the last month, and its yearly performance shows a −15.95% decrease. See more dynamics on ZWHC price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.57% over the last month, showed a −4.21% decrease in three-month performance and has decreased by −9.70% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.57% over the last month, showed a −4.21% decrease in three-month performance and has decreased by −9.70% in a year.
ZWHC trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.