Brighten Up Your Cash Flow with ZWGD

Brighten Up Your Cash Flow with ZWGD²

BMO Covered Call Spread Gold Bullion ETF – ZWGD

Management Fee: 0.65%

Risk Rating¹: Medium

Combine the beauty of gold with the benefit of monthly cash flows. ZWGD offers monthly cash flow with the foundational strength of physical gold. With ZWGD investors can get exposure to gold and keep all the traditional benefits of diversification, inflation hedging and return potential, with monthly cash flow.

Key Highlights:

• Cash Flow²: Regular monthly cash flow from a gold bullion ETF.
• Maintain Upside Potential: ZWGD is uniquely designed to generate cash flow while maintaining some potential for upside exposure³.
• Diversification: Gold bullion tends to have a lower correlation to traditional asset classes like stocks and bonds historically.⁴
  
• Shield Against Currency and Inflation Risk: Gold tends to retain its value when currencies weaken, and inflation rises which makes gold a popular asset class for investors.
  
• Return Potential: gold historically shines in volatile times³ – driven by flows, strong momentum and global demand.

BMO Covered Call Spread Gold Bullion ETF – Whitepaper

¹ All investments involve risk. The value of an ETF can go down as well as up and you could lose money. The risk of an ETF is rated based on the volatility of the ETF’s returns using the standardized risk classification methodology mandated by the Canadian Securities Administrators. Historical volatility doesn’t tell you how volatile an ETF will be in the future. An ETF with a risk rating of ​“low” can still lose money. For more information about the risk rating and specific risks that can affect an ETF’s returns, see the BMO ETFs’ simplified prospectus.

² Distributions are not guaranteed and are subject to change and/​or elimination.

³ Please review the BMO Covered Call Methodology for more information

⁴ Source: Bloomberg April 30, 2025.