BMO Premium Yield ETF (ZPAY.TO) Buy, Sell or…

BMO Premium Yield ETF (ZPAY.TO)

35.05

-0.04 (0.11%)

as of Oct 15, 2026, 7:59:40 pm Market Open.

154 watching

BUY

The strategy is half long good quality stocks with covered call, and the other half is writing puts. Buy low, sell high. They are trying to generate 6% yield with half the volatility of the broader markets. Good for a retired income portfolio.

COMMENT

The caller was asking about tax exemption for this ETF. For the dividend withholding tax exemption, he cannot definitively say how it would be treated. The best way is to consult the BMO website and call to ask or to consult a financial advisor.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. In a market decline, this ETF would probably decline less than average, if not hold up relatively well. The fund covers a mix of large, conservative US stocks and fixed income securities. Unlock Premium - Try 5i Free

BUY

Half exposure on average with long positions with covered calls, and half with puts. Any given month that goes down, it could go longer. The range follows the markets.

BUY

A basket of high quality US companies with a covered call and put rate component. It generates a 6% yield. It will go down when the markets go down, but it will continue to give yield. The lower it goes, the put on stocks they have written will be bought at a lower price and they will sell these when the price goes high again.

DON'T BUY

It's new. ZPAY will engage in selling puts in a complicated strategy to procure assets. It's too new for him to see how their strategy will unveil.

STRONG BUY

On average he expects to have half the portfolio long and half looking to buy great stock at a lower price and writing puts to do so. It is the biggest holding in all of his portfolios.

BUY

They do a screening and pick some of the best companies in the US. They write puts on the stocks they want and take the yield back. On stocks they own, they write calls on them at higher prices. It is a strategy he really loves. See the BMo web site.

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BUY

You have equity risk. It writes puts as well as owning the companies and writes calls to sell them higher. It pays you for these. About 6% yield at about half the risk of the S&P.

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BMO Premium Yield ETF (ZPAY.TO)