Preferreds idea: $ZPR.TO yield pick
A social post highlighted ZPR.TO — a basket of Canadian preferred shares — showing a 5.4% monthly yield figure as a defensive income play for volatile markets. The pick was offered as an income option for high earners seeking yield and diversification in taxable accounts. (x.com)
ZPR is the BMO Laddered Preferred Share Index ETF that tracks the Solactive Laddered Canadian Preferred Share Index, using a five‑year laddered structure of rate‑reset preferreds. (df.bmogam.com) The fund pays monthly cash distributions and the per‑share payouts in the last 12 months have ranged from about CAD 0.045 to CAD 0.06 per month. (dividendhistory.org) Market data show an indicated gross yield near 5.41% on some vendor screens while common trailing/12‑month yields reported by other data providers sit around 4.98%–4.99%. (bloomberg.com) The ETF’s management expense ratio (MER) is listed at roughly 0.50%, and BMO’s fund documents showed net assets of about CAD 1.5 billion as of late February 2026. (fundfacts.bmo.com) Top underlying positions are concentrated in large Canadian issuers’ preferreds such as BCE, Enbridge, National Bank, Brookfield and Cenovus in recent holdings lists. (bloomberg.com) BMO’s fund facts state monthly distributions may include net income and/or return of capital and that annual reinvested distributions in December generally represent realized capital gains with taxable details reported the following year, while any return‑of‑capital reduces an investor’s adjusted cost base. (fundfacts.bmo.com)
