BMO US High Dividend Covered Call Hedged to CAD ETF (ZWS.TO)

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This ETF is structured to provide investors with access to a portfolio emphasizing U.S. stocks with high dividend payouts, while simultaneously generating revenue through the sale of call options. The underlying investments are diversified across numerous sectors and weighted based on their dividend yield. Stock selection is governed by a systematic process that assesses dividend growth trajectory, current yield, the sustainability of dividend payments (payout ratio), and market tradability. The fund actively employs a covered call strategy, with the premiums received from these options offering a degree of protection against market downturns. To mitigate foreign exchange fluctuations, the fund's U.S. dollar exposure is hedged to the Canadian dollar. Additionally, as ZWS operates as a fund of funds, the management fees levied are reduced by those already incurred within its underlying investments.