What Is ZWS?
BMO US High Dividend Covered Call Hedged to CAD ETF has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The Fund utilizes a rules-based methodology that considers dividend growth rate, yield, payout ratio and liquidity. The Fund also dynamically writes covered call options. The option premium provides limited downside protection. The U.S. currency exposure is hedged back to the Canadian dollar. In addition, as ZWS is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Set it, forget it, let compounding do the heavy lifting. ๐ช