BMO Premium Yield ETF (ZPAY-T)

A put/write covered call income-focused strategy using options can generate extra income. ZWB is covered call banks. If you're bullish on the market, ZWB will give you more upside than ZPAY. If you're conservative on the market, and you think there's going to be more volatility, ZPAY will do better for you.

Right now in his dividend fund, he owns ZPAY but not ZWB. 

In USD, and you can buy it in your taxable USD account. Focuses on some of the biggest and best companies in the US. Tax-efficient. Better than withdrawing from your RRSP. Yield is ~6%.

Packaged ZPH and covered call together. He'd buy this instead of ZPH alone. 

Great dividend in US dollars. Conservative equity exposure with great defensive position. Would recommend buying, especially for Canadian snowbirds in USA. 

Fees generated from fund option writing is on account of capital. Good option for investors. 

Good defensive strategy. With economy poised for correction, good option for investors. 

Holds high-quality US stocks that pay yields, stocks that Warren Buffett would hold. Add an option overlay which generates tax-efficient cash flow. Yield is 6.35% and MER 0.37%. Holds classics like Nvidia and Alphabet and T-bills. It also sells puts which can be good or bad. Overall, this is good if you want yield and quality US stocks.

Broad exposure to consumer and tech stocks.
Trimming exposure right now.
Better places to invest - pipelines and telco's.
High price at the moment.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It has largely traded sideways while offering a yield around 6%. A good choice for investors seeking yield, not capital appreciation. The ETF combines a puts and calls strategy on US large-cap companies. More upside exposure due to more puts than calls. Unlock Premium - Try 5i Free