Question 1

What is ZPAY?

Accepted Answer

ZPAY — BMO Premium Yield ETF — is a Canadian-listed ETF trading on the TSX. BMO Premium Yield ETF seeks to provide exposure to the performance of a portfolio of U.S. large capitalization companies, primarily by investing in U.S. equity securities and derivative instruments to provide long term capital appreciation, generate income and mitigate downside risk. The Hedged Units of BMO Premium Yield ETF will also invest in or use derivative instruments to seek to hedge U.S. c…

Question 2

What is the ZPAY ETF price today?

Accepted Answer

ZPAY last traded at $34.49 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZPAY MER (management expense ratio)?

Accepted Answer

ZPAY has a management expense ratio (MER) of 0.61% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are ZPAY annualised returns?

Accepted Answer

ZPAY historical returns: YTD: +7.01%, 1-year: +11.29%, 3-year annualised: +13.20%, 5-year annualised: +10.11%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.39, which measures risk-adjusted return.

Question 5

Does ZPAY pay dividends or distributions?

Accepted Answer

Yes, ZPAY distributes income to unitholders. The current distribution yield is approximately 6.78%. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZPAY invest in?

Accepted Answer

ZPAY's top holdings include Microsoft Corporation (MSFT, 5.1%), Apple Inc. (AAPL, 3.6%), Eli Lilly and Company (LLY, 2.8%), Costco Wholesale Corp (COST, 2.7%), Alphabet Inc Class A (GOOGL, 2.8%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar DM REIT GR CAD.

Question 7

What sectors does ZPAY invest in?

Accepted Answer

ZPAY's largest sector exposures are Technology (34.1%), Consumer Defensive (15.7%), Healthcare (13.6%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZPAY? (Assets under management)

Accepted Answer

ZPAY has approximately $467M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZPAY launched?

Accepted Answer

ZPAY was launched on January 15, 2020, giving it a 6-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZPAY in Canada?

Accepted Answer

ZPAY trades on the TSX under the ticker ZPAY. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZPAY?

Accepted Answer

ZPAY has a 1-year volatility of 6.05% and a beta of 0.14 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.39 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-29	$34.48	$34.50	$34.40	$34.49	$34.49	21,500
2026-10-28	$34.68	$34.72	$34.55	$34.55	$34.55	11,619
2026-10-27	$34.64	$34.66	$34.54	$34.66	$34.66	12,100
2026-10-26	$34.62	$34.73	$34.58	$34.61	$34.61	14,649
2026-10-23	$34.50	$34.50	$34.39	$34.49	$34.49	18,516
2026-10-22	$34.71	$34.72	$34.60	$34.71	$34.71	10,182
2026-10-21	$34.67	$34.81	$34.67	$34.79	$34.79	19,322
2026-10-20	$34.78	$34.78	$34.65	$34.77	$34.77	24,980
2026-10-19	$34.84	$34.84	$34.74	$34.83	$34.83	24,016
2026-10-16	$35.05	$35.05	$34.81	$34.89	$34.89	36,004

#	Ticker	Name	Weight
1	MSFT	Microsoft Corporation	5.15%
2	AAPL	Apple Inc.	3.65%
3	LLY	Eli Lilly and Company	2.82%
4	COST	Costco Wholesale Corp	2.72%
5	GOOGL	Alphabet Inc Class A	2.81%
6	V	Visa Inc. Class A	2.74%
7	META	Meta Platforms Inc.	2.49%
8	WMT	Walmart Inc.	1.95%
9	LMT	Lockheed Martin Corporation	1.84%
10	TJX	The TJX Companies Inc	1.93%

Sector	Weight
Technology	34.09%
Consumer Defensive	15.70%
Healthcare	13.56%
Communication Services	11.18%
Financial Services	9.89%
Industrials	7.91%
Consumer Cyclicals	4.04%
Basic Materials	3.35%
Energy	0.00%
Utilities	0.00%
Real Estate	0.00%

Ticker	Name	Price	1D
CGMD		$7.10	+11.64%
LLHE-U	Harvest Eli Lilly Enhanced High Income Shares ETF	$11.25	+9.22%
GASD		$6.29	+8.45%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.91	+7.89%
SLVD	BetaPro Silver -2x Daily Bear ETF	$45.86	+7.83%
HND	BetaPro Natural Gas 2x Daily Bear	$29.33	+6.97%
LLHE	Harvest Eli Lilly Enhanced High Income Shares ETF - Class A Units	$11.55	+6.06%
QQQD		$6.98	+4.96%

BMO Premium Yield ETF (ZPAY : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Premium Yield ETF

ETF Details

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Frequently Asked Questions — ZPAY