BMO Tactical Dividend ETF Fund (ZZZD.TO) Buy,…

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BMO Tactical Dividend ETF Fund (ZZZD.TO)

32.07

-0.40 (1.23%)

as of Jun 9, 2026, 3:25:07 pm Market Open.

61 watching

Investor Insights

Jun 11, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

The BMO Tactical Dividend ETF Fund (ZZZD) is an ETF that focuses on income generation and capital gain distributions through trading strategies. Despite having low trading volumes, which can lead to wider bid-ask spreads, the ETF is considered a stable investment opportunity due to its backing by BMO, a reputable financial institution. The manager has implemented protective measures in the portfolio to mitigate potential market volatility, suggesting a proactive approach to safeguarding investor returns. Investors should be cautious about the thinly traded nature of ZZZD, as this might impact trading efficiency, but the underlying support of BMO provides reassurance about the fund's stability in the long term.

Consensus

Cautious

Valuation

Fair Value

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COMMENT

Low volumes of ZZZD

Disclosure: He manages this ETF. A lot of the income in this comes from the trading aspect, which returns a capital gain distribution instead of a dividend. Now, he's raised the protection in this portfolio to shield it from market volatility in the future if it happens. A thinly traded ETF like this will have a wider bid-ask spread, so it's not ideal for trading. Don't be concerned about the volumes; ZZZD is backed by BMO which won't be going out of business.

BUY

Buys puts in the portfolio to provide some downside protection from volatility. He's involved in managing this fund.

BUY

*Note Larry Berman is manager of this fund. Is conflicted.
Yield is around 6% which is healthy.
Outlook is positive for fund.
Focusing on emerging markets.
Dividend paying stocks.
Safe blue chip stocks.

BUY

Over exposure to Europe.
Got value at current price.
Expect volatility with conflict in Europe.

BUY

Bonds don't provide a lot of safety or yield. There is no real yield. You have to look at high dividend paying stocks. It is high volatility. Capital preservation is also a challenge. ZZZD focuses on capital preservation, some times to the detriment to the upside.

COMMENT

Now they are buying put protection instead of fixed income. Fixed income with yield so low does not give the protection it used to, and it is now a risk. Needs to rethink the 60-40 model. The put protection serves the same purpose now.

COMMENT

Exposure to currency is mostly hedged for ZZZD. ZPAY is always in USD. ZWP is Canada relative to European currencies. The Canadian dollar selling off is a factor, but they are also doing well because they are doing what they are designed to do.

COMMENT

Hard to say which one would perform the best in a correction. ZZZD has a very defensive posture with half of the portfolio hedged to downside risk. ZWU and ZPAY are in ZZZD. Would look to be defensive in the next few months.

COMMENT

Look for ETFs that have put protection that gives you exposure to the upside but minimizes downside risk.

BUY

Manages this fund. The target is to generate a yield in excess of 4%. There is also an aspect of capital preservation. Delivers global yield and protection. This strategy will deliver well over the long run. Very liquid.

COMMENT

ZZZD gives you exposure to global dividend payers, whereas ZPAY is only US markets. ZZZD has ZPAY in it for the US exposure. ZPAY gives a yield around 6% whereas ZZZD is designed to give 4%.

COMMENT

Berman manages this fund. Before the election, they shifted towards European assets and took away from preferred and fixed income. A yield of 5% is the goal with less volatility. The biggest exposure is gold and gold equities. Long term, gold equities is promising and is one of the best asset classes.

BUY

This portfolio has the tools to go anywhere with a focus on generating a yield of 4% or more. If he wanted to protect downside risk, he could buy a put to protect against it. If there is a moment when risk is lower, he can lift it up. Yield is the focus.

PAST TOP PICK

(A Top Pick Aug 23/19, Down 7%) Good, well-run ETF. Conservative. Held through the March lows. Sold it to go into some indexes and benefit from the rebound.

COMMENT

Management Fee. The MER that is quoted is around 75 basis points. This includes the cost of the ETFs underlying the fund so there is no double dipping.

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BMO Tactical Dividend ETF Fund (ZZZD.TO) Frequently Asked Questions

What is BMO Tactical Dividend ETF Fund stock symbol?

BMO Tactical Dividend ETF Fund is a Canadian stock, trading under the symbol ZZZD.TO (previously ZZZD-T on Stockchase) on the Toronto Stock Exchange (ZZZD-CT). It is usually referred to as TSX:ZZZD or ZZZD.TO

Is BMO Tactical Dividend ETF Fund a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on ZZZD.TO (previously ZZZD-T on Stockchase) on Stockchase. Read the latest expert commentary for BMO Tactical Dividend ETF Fund.

Is BMO Tactical Dividend ETF Fund a good investment or a top pick?

BMO Tactical Dividend ETF Fund was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2020-08-14. Read the latest stock experts ratings for BMO Tactical Dividend ETF Fund.

Why is BMO Tactical Dividend ETF Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for BMO Tactical Dividend ETF Fund.

Is BMO Tactical Dividend ETF Fund worth watching?

BMO Tactical Dividend ETF Fund is followed by 61 investors on Stockchase and is a trending stock that is worth watching.

What is BMO Tactical Dividend ETF Fund stock price?

On 2026-06-09, BMO Tactical Dividend ETF Fund (ZZZD.TO) stock closed at a price of $32.07.

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