E265 – A Deep Dive on Covered Call ETFs

In this episode, Jonathan Lau, Olivia Li, and host, Skye Collyer, take a deep dive into covered call ETFs—discussing how they work and strategies to utilize them for portfolio positioning in today’s marketplace.

Skye Collyer is a Director of ETF Distribution at BMO Global Asset anagement (BMO GAM). She is joined by Jonathan Lau and Olivia Li, Portfolio Managers at BMO Exchange Traded Funds. Recorded live on Tues, April 15, 2025.

 

ETFs:

• BMO Covered Call Canadian Banks ETF (ZWB)
• BMO Covered Call Technology ETF (ZWT)
• BMO Equal Weight Banks Index ETF (Ticker: ZEB)
• BMO Covered Call Utilities ETF (Ticker: ZWU)
• BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE)
• BMO Canadian High Dividend Covered Call ETF (ZWC)
• BMO US High Dividend Covered Call ETF (ZWH)
• BMO Europe High Dividend Covered Call ETF (ZWP)

 

Total returns, as of 2025/03/31:

 

ZWB: 1 yr: 9.51%, 3yr: 2.27%, 5 yr 13.07%, 10 yr: 7.84%, SI: 8.13%

ZEB: 1 yr: 13.57%, 3yr: 5.17%, 5 yr 17.45%, 10 yr: 10.96%, SI: 11.27%

ZWU: 1 yr: 18.89%, 3yr: 1.98%, 5 yr 7.92%, 10 yr: 4.29%, SI: 4.92%

ZWP: 1 yr: 12.62%, 3yr: 13.20%, 5 yr 12.41%, SI: 6.61%

 

Annualized distribution yield, as of 2025/04/23:

 

ZWB: 7.05%

ZEB: 4.20%

ZWU: 7.65%

ZWP: 6.