Question 1

What is TQSM?

Accepted Answer

TQSM — TD Q U.S. Small-Mid-Cap Equity ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the TQSM ETF price today?

Accepted Answer

TQSM last traded at $29.65 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the TQSM MER (management expense ratio)?

Accepted Answer

TQSM has a management expense ratio (MER) of 0% 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. At 0%, TQSM is considered a low-cost ETF.

Question 4

What are TQSM annualised returns?

Accepted Answer

TQSM historical returns: YTD: +17.05%, 1-year: +18.87%, 3-year annualised: +16.01%, 5-year annualised: +12.81%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.84, which measures risk-adjusted return.

Question 5

Does TQSM pay dividends or distributions?

Accepted Answer

Yes, TQSM distributes income to unitholders. The current distribution yield is approximately 0.72%. 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 TQSM invest in?

Accepted Answer

TQSM's top holdings include HF Sinclair Corp (DINO, 1.7%), Reinsurance Group of America (RGA, 1.5%), Ovintiv Inc (OVV, 1.4%), Stonex Group Inc (SNEX, 1.4%), US Foods Holding Corp (USFD, 1.3%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar US SMID Mkt TR CAD.

Question 7

What sectors does TQSM invest in?

Accepted Answer

TQSM's largest sector exposures are Financial Services (20.0%), Industrials (19.4%), Technology (14.4%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is TQSM? (Assets under management)

Accepted Answer

TQSM has approximately $1.01B 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 TQSM launched?

Accepted Answer

TQSM was launched on November 20, 2019, giving it a 7-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 TQSM in Canada?

Accepted Answer

TQSM trades on the TSX under the ticker TQSM. 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 TQSM?

Accepted Answer

TQSM has a 1-year volatility of 11.77% and a beta of 0.99 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.84 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-08-20	$29.95	$29.95	$29.63	$29.65	$29.65	10,501
2026-08-19	$30.31	$30.31	$29.99	$29.99	$29.99	10,345
2026-08-18	$30.42	$30.53	$30.39	$30.39	$30.39	7,229
2026-08-17	$30.78	$30.78	$30.69	$30.75	$30.75	10,561
2026-08-14	$30.88	$30.88	$30.66	$30.75	$30.75	4,501
2026-08-13	$30.79	$30.79	$30.63	$30.76	$30.76	7,255
2026-08-12	$30.42	$30.70	$30.39	$30.62	$30.62	4,723
2026-08-11	$30.24	$30.53	$30.24	$30.38	$30.38	5,290
2026-08-10	$30.51	$30.55	$30.38	$30.39	$30.39	11,775
2026-08-07	$30.42	$30.61	$30.42	$30.53	$30.53	3,603

#	Ticker	Name	Weight
1	DINO	HF Sinclair Corp	1.73%
2	RGA	Reinsurance Group of America	1.49%
3	OVV	Ovintiv Inc	1.43%
4	SNEX	Stonex Group Inc	1.40%
5	USFD	US Foods Holding Corp	1.34%
6	FBP	First BanCorp.	1.31%
7	EQH	Axa Equitable Holdings Inc	1.31%
8	MLI	Mueller Industries Inc	1.29%
9	EXEL	Exelixis Inc	1.24%
10	MEDP	Medpace Holdings Inc	1.15%

Sector	Weight
Financial Services	20.05%
Industrials	19.41%
Technology	14.39%
Consumer Cyclicals	12.52%
Healthcare	8.38%
Energy	7.50%
Consumer Defensive	6.96%
Basic Materials	4.51%
Real Estate	3.83%
Communication Services	1.86%
Utilities	0.59%

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CIBC Investor's Edge

TD Q U.S. Small-Mid-Cap Equity ETF (TQSM : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About TD Q U.S. Small-Mid-Cap Equity ETF

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