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BMO Canadian High Dividend Covered Call ETF

ZWC.TO

BMO

BMO Canadian High Dividend Covered Call ETF (ZWC.TO) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.91%. Below: the fund under all five rulebooks, its facts and every holding with its own verdict.

Akinda fund screen

Akinda fund screen (AAOIFI-derived)Not halalCoverage: 99.91%
  • Halal 30.10%
  • Doubtful 0.00%
  • Not halal 69.81%
  • Not rated 0.09%

The bar is scaled to fit; the figures are as reported, and the buckets do not always total 100%.

Coverage is the share of the fund's weight we hold a usable verdict for. Below 95%, a fund is rated only when the weight we can see already breaches the 5% limit; otherwise it is not rated by this method.

Fund facts

Issuer
BMO
Venue (where it trades)
Canada
Domicile (where it is registered)
Canada
Reporting currency
CAD
Expense ratio
0.72%
AUM
2.51B CAD
Holdings
40 (40 screened)
Basket as of (provider)
23 Oct 2026
Basket fetched by Akinda
23 Oct 2026
Verdict updated
3 Nov 2026

Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.

Five rulebooks

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal30.10%69.81%
DJIMNot halal30.10%69.81%
FTSENot halal29.94%69.97%
MSCINot halal29.94%69.97%
S&PNot halal30.10%69.81%

Every bar uses the same 0–100% scale. Index rulebooks report only halal and not-halal weight; uncoloured weight is weight that rulebook does not classify. Coverage is published for the Akinda fund screen only.

The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.

Holdings

1–40 of 40 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
RY.TORoyal Bank of Canada
7.70%Not halalNot halalNot halalNot halalNot halal
2
TD.TOToronto-Dominion Bank/The
6.47%Not halalNot halalNot halalNot halalNot halal
3
CNQ.TOCanadian Natural Resources Ltd
5.73%HalalHalalHalalHalalHalal
4
BNS.TOBank Of Nova Scotia
5.69%Not halalNot halalNot halalNot halalNot halal
5
CM.TOCanadian Imperial Bank Of Commerce
5.42%Not halalNot halalNot halalNot halalNot halal
6
SU.TOSuncor Energy Inc
5.37%HalalHalalHalalHalalHalal
7
ENB.TOEnbridge Inc
4.06%Not halalNot halalNot halalNot halalNot halal
8
TRP.TOTC ENERGY CORP
3.67%Not halalNot halalNot halalNot halalNot halal
9
BMO.TOBank of Montreal
3.63%Not halalNot halalNot halalNot halalNot halal
10
AEM.TOAGNICO EAGLE MINES LTD
3.11%HalalHalalHalalHalalHalal
11
NTR.TONUTRIEN LTD
3.09%Not halalNot halalHalalHalalNot halal
12
FTS.TOFortis Inc
3.06%Not halalNot halalNot halalNot halalNot halal
13
MFC.TOManulife Financial Corp
2.78%Not halalNot halalNot halalNot halalNot halal
14
ABX.TOBARRICK MINING CORP
2.60%HalalHalalHalalHalalHalal
15
GWO.TOGreat-West Lifeco Inc
2.31%Not halalNot halalNot halalNot halalNot halal
16
L.TOLoblaw Cos Ltd
2.15%Not halalNot halalNot halalNot halalNot halal
17
BCE.TOBCE INC
2.13%Not halalNot halalNot halalNot halalNot halal
18
SLF.TOSun Life Financial Inc
2.10%Not halalNot halalNot halalNot halalNot halal
19
CVE.TOCenovus Energy Inc
2.04%HalalHalalHalalHalalHalal
20
EMA.TOEmera Inc
2.01%Not halalNot halalNot halalNot halalNot halal
21
RCI-B.TORogers Communications Inc
1.91%Not halalNot halalNot halalNot halalNot halal
22
CNR.TOCanadian National Railway Co
1.79%HalalHalalNot halalNot halalHalal
23
BIP-UN.TOBROOKFIELD INFRASTRUCTURE PARTNERS LP
1.78%Not halalNot halalNot halalNot halalNot halal
24
ATD.TOAlimentation Couche-Tard Inc
1.66%HalalHalalHalalHalalHalal
25
PPL.TOPembina Pipeline Corp
1.62%Not halalNot halalNot halalNot halalNot halal
26
NA.TONational Bank of Canada
1.62%Not halalNot halalNot halalNot halalNot halal
27
K.TOKINROSS GOLD CORP
1.53%HalalHalalHalalHalalHalal
28
WCN.TOWaste Connections Inc
1.43%HalalHalalNot halalNot halalHalal
29
CP.TOCANADIAN PACIFIC KANSAS CITY LTD
1.37%HalalHalalHalalHalalHalal
30
LUG.TOLUNDIN GOLD INC
1.28%HalalHalalNot halalNot halalHalal
31
MG.TOMagna International Inc
1.26%Not halalNot halalHalalHalalNot halal
32
CTC-A.TOCanadian Tire Corp Ltd
1.07%Not halalNot halalNot halalNot halalNot halal
33
X.TOTMX Group Ltd
1.05%Not halalNot halalNot halalNot halalNot halal
34
BN.TOBrookfield Corp
0.98%Not halalNot halalNot halalNot halalNot halal
35
QBR-B.TOQUEBECOR INC
0.91%Not halalNot halalNot halalNot halalNot halal
36
CPX.TOCapital Power Corp
0.84%Not halalNot halalNot halalNot halalNot halal
37
WPM.TOWHEATON PRECIOUS METALS CORP
0.81%HalalHalalHalalHalalHalal
38
WSP.TOWSP Global Inc
0.71%HalalHalalHalalHalalHalal
39
FTT.TOFinning International Inc
0.66%HalalHalalHalalHalalHalal
40
CU.TOCanadian Utilities Ltd
0.52%Not halalNot halalNot halalNot halalNot halal

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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