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 $29.64 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: +17.02%, 1-year: +27.55%, 3-year annualised: +17.80%, 5-year annualised: +13.74%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.94, 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 0.79%. 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 Stonex Group Inc (SNEX, 1.6%), Flex Ltd (FLEX, 1.4%), HF Sinclair Corp (DINO, 1.4%), First BanCorp. (FBP, 1.3%), Mueller Industries Inc (MLI, 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 Industrials (20.8%), Financial Services (20.6%), Technology (15.0%). 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 $927M 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 8.92% and a beta of 0.98 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.94 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
2026-06-22	$29.33	$29.68	$29.33	$29.64	$29.64	4,978
2026-06-19	$29.43	$29.58	$29.43	$29.55	$29.55	5,858
2026-06-18	$29.37	$29.50	$29.37	$29.39	$29.39	9,345
2026-06-17	$29.36	$29.49	$29.16	$29.20	$29.20	15,755
2026-06-16	$29.63	$29.63	$29.24	$29.24	$29.24	4,984
2026-06-15	$29.84	$29.84	$29.30	$29.31	$29.31	11,988
2026-06-12	$29.23	$29.40	$29.22	$29.33	$29.33	3,561
2026-06-11	$28.85	$29.06	$28.75	$29.06	$29.06	2,416
2026-06-10	$28.60	$28.78	$28.49	$28.49	$28.49	6,101
2026-06-09	$28.79	$28.91	$28.18	$28.64	$28.64	10,714

#	Ticker	Name	Weight
1	SNEX	Stonex Group Inc	1.55%
2	FLEX	Flex Ltd	1.37%
3	DINO	HF Sinclair Corp	1.36%
4	FBP	First BanCorp.	1.33%
5	MLI	Mueller Industries Inc	1.31%
6	OVV	Ovintiv Inc	1.30%
7	SANM	Sanmina Corporation	1.30%
8	USFD	US Foods Holding Corp	1.27%
9	EXEL	Exelixis Inc	1.24%
10	RGA	Reinsurance Group of America	1.21%

Sector	Weight
Industrials	20.78%
Financial Services	20.58%
Technology	15.03%
Consumer Cyclicals	13.70%
Healthcare	7.72%
Consumer Defensive	6.54%
Energy	5.92%
Basic Materials	4.69%
Real Estate	3.17%
Communication Services	1.46%
Utilities	0.41%

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

CIBC Investor's Edge

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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Frequently Asked Questions — TQSM