BMO Monthly Income ETF (ZMI.TO)

This was a little bit controversial because it was including a lot of “return of capital” rather than “return on capital” because of some of the investments they had. They have changed this in the last few months so it is a more straightforward ETF. Nothing wrong with it. It has a whole bunch of different products in it and now it is fine.

This is a great ETF. 50% equity and 50% fixed income and is yield weighted. They take the highest yield of the equity ETFs that they have and then take the highest yielding fixed income ETFs that they have and then put them together. Yield is about 4.6%.

Specialty income fund. Does not consider it secure. A good product but not exactly secure.

Attractive yield but he always questions them. Sometimes there is not just a return but a return OF your capital. That makes it look like a high yield. A decent yield but be aware of what you are getting back.