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

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BMO Tactical Dividend ETF Fund (ZZZD.TO)

32.37

+0.31 (0.97%)

as of Jul 24, 2026, 5:13:13 pm Market Open.

60 watching

Investor Insights

Jul 24, 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-T) is noted for its low trading volumes, which result in wider bid-ask spreads, making it less ideal for frequent trading. However, its affiliation with BMO provides assurance regarding its stability. A significant portion of the returns for this ETF comes from capital gains distributions rather than traditional dividends, as the manager utilizes trading strategies to enhance income. In response to potential market volatility, protective measures have been implemented to safeguard the portfolio. Despite concerns about trading volumes, the underlying support from BMO helps instill confidence in this investment option.

Consensus

Caution

Valuation

Fair Value

Similar

HLDG, ABCD

BUY

Globally focused, sleep at night dividend ETF that he manages. He tries to generate a yield around 4%. Curently it is at 4.07% yield. He is placing money in ETFs all around the world. The biggest position in this ETF is gold equities. A very defensive fund.

COMMENT

What has Larry been doing with it this month? He had anticipating a market decline for a long time. A couple of the holdings, e.g. Gold, and Oil, and pipelines got hit so he is considering selling these into strength. Go to www.zzzporfolios.com as it lists the up-to-date holdings in this ETF.

BUY

He adjusts it according to market volatility. He loves gold longer term and added some gold last week. The bottom is not in and there will be lots more opportunity here. This is sleep at night dividends.

BUY

Sustainable 3.2% yield? He manages this, holding stocks that pay dividends of 4% or more. The yield this pays is minus the MER around 75-79 basis points--and yes, the yield is sustainable. When he's most defensive and fearful of downside risk, he boasts the yield as much as he can while cutting the volatility to half or less. The yield will decline a bit, but the growth potential shoots way up into growth mode.

BUY

In ZZZD-T he tries to shift between different styles of ETF. He is tactical in the nature of what he does.

TOP PICK

An equity play. It's managed by Larry Berman. There is more fixed income, more gold in it. This ETF will perform well over time. It has low volatility, and you can invest your money with minimal concerns.

COMMENT

Good entry point? Active ETF. Philosophy behind it is really risk management. Very new, been around for barely more than a year. Quite a bit less volatile than any other Canadian dividend ETF. Canadian exposure with downside risk protection. If downside risk keeps you up at night you might want to consider adding bonds. For global exposure with very thoughtful oversight towards risk-managed global dividend mandate, thinks it's quite promising.

BUY

For TFSA or RRSP? (Berman manages ZZZD-T) He turns over the holdings twice a year. For example last week, to play defence he bought US long bonds. Another example: A month ago he sold into the rally, and last week as rates backed up he added his exposure. TFSA or RRSP? Both/either. ZZZD-T offers long-term growth, paying 4-7% average returns with a lot less volatility vs. the overall market.

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COMMENT

Sleep at night dividend portfolio. Alternatively ZMI-T is a balanced yield product that owns half fixed income and the rest is in dividend stocks. It is more defensive. SPYD-N is the high US dividend payers index. ZDY-T would give you a similar ride and he would prefer that.

COMMENT

ZMI vs. ZZZD ZMI is a balanced income-focused ETF. ZZZD is his own ETF that he manages--a sleep-at-night global dividend ETF. ZMI is a lot more fixed income (to preserve capital) and is far more passively managed vs. ZZZD which is active, hence riskier. Very different focuses, but both generate a lot of income.

COMMENT

Is this overdiversified? No, it's under. It relies on dividend flows, which means it'll have higher interest rate sensitivity than most ETFs which could help or hurt you. This takes many strides in the right direction. You can probably hold a lot of this without getting hurt

BUY

His target yield / benchmark is as in VT-N plus 100 basis points. It's around 3.8% right now. Dividends from foreign corporations are treated as income but about half of it will be from capital gains.

STRONG BUY

ZZZD-T plays the ZWU-T, ZWC-T and so on so it is actively managed, aiming for a 4% yield See today's educational segment.

STRONG BUY

In a registered account, the distribution has no tax treatment. In RIFF situations it is treated as all income. 20% is Canadian exposed and gets the benefit of the dividend tax credit. There is a component of income as well as dividend yield from the fund.

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BMO Tactical Dividend ETF Fund (ZZZD.TO)