BMO Canadian High Dividend Covered Call ETF (ZWC.TO)

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This Exchange Traded Fund (ETF) is designed to offer investors exposure to a portfolio primarily composed of Canadian companies known for their high dividend payouts, while simultaneously generating income through the strategic selling of call options. Its core holdings are weighted by their dividend yield and are diversified across multiple sectors of the economy. The fund's security selection adheres to a systematic, rule-based process that evaluates dividend growth rates, current yields, and payout ratios, alongside a rigorous liquidity screening. Furthermore, the ETF actively implements a covered call strategy, typically writing options with strike prices above the current market price (out-of-the-money). These options are carefully chosen after an analysis of the premium income they can yield, which in turn offers some level of protection against potential market downturns.