Covered Call Directory ETF Income Directory
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All BMO Funds

ZWGTSX

BMO Global High Dividend Covered Call ETF

Bank of MontrealBroad Equity · Global & International

ZWG is the BMO Global High Dividend Covered Call ETF, one of 33 BMO funds in Covered Call Directory. It is listed on the TSX, trades in Canadian dollars and pays distributions monthly. It launched in January 2020 and has a management expense ratio (MER) of 0.72%.

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Price
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Annualized Yield
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Latest Distribution
0.72%
MER
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Net Assets (AUM)
Monthly
Distribution Frequency

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BMO Covered Call Options Strategy

BMO's covered call funds write out-of-the-money calls on about 30% to 50% of each portfolio, using options that expire in one to two months. When markets get choppier, strikes are set further out-of-the-money, since higher volatility brings bigger premiums. Income comes from both dividends and option premiums, paid monthly, with no leverage. Some funds are hedged and others are unhedged.

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2026 Broad Equity Ranking

ZWG ranks #18 of 35 Broad Equity covered call ETFs by total return so far in 2026.

See the Full Rankings

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All 33 BMO Funds

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