Question 1

What is ZBAL?

Accepted Answer

ZBAL — BMO Balanced ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZBAL ETF price today?

Accepted Answer

ZBAL last traded at $15.96 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZBAL MER (management expense ratio)?

Accepted Answer

ZBAL 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%, ZBAL is considered a low-cost ETF.

Question 4

What are ZBAL annualised returns?

Accepted Answer

ZBAL historical returns: YTD: +6.90%, 1-year: +11.31%, 3-year annualised: +15.59%, 5-year annualised: +8.28%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.37, which measures risk-adjusted return.

Question 5

Does ZBAL pay dividends or distributions?

Accepted Answer

Yes, ZBAL distributes income to unitholders. The current distribution yield is approximately 1.63%, paid quarterly. 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 ZBAL invest in?

Accepted Answer

ZBAL's top holdings include BMO S&P 500 Index ETF (ZSP, 27.7%), BMO Discount Bond Index ETF (ZDB, 27.3%), BMO S&P/TSX Capped Composite (ZCN, 15.7%), BMO US Aggregate Bond Index ETF (Hedged Units) (ZUAG-F, 11.7%), BMO MSCI EAFE Index ETF (ZEA, 10.0%) — and 3 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can Neu Gbl Tgt Alloc NR CAD.

Question 7

What sectors does ZBAL invest in?

Accepted Answer

ZBAL's largest sector exposures are Technology (25.7%), Financial Services (20.8%), Industrials (10.5%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZBAL? (Assets under management)

Accepted Answer

ZBAL has approximately $678M 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 ZBAL launched?

Accepted Answer

ZBAL was launched on February 12, 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 ZBAL in Canada?

Accepted Answer

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

Accepted Answer

ZBAL has a 1-year volatility of 7.56% and a beta of 1.17 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.37 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
2026-10-01	$15.99	$15.99	$15.89	$15.96	$15.96	37,406
2026-09-30	$16.03	$16.03	$15.96	$15.97	$15.97	16,748
2026-09-29	$16.04	$16.04	$15.94	$15.99	$15.99	30,717
2026-09-28	$16.13	$16.13	$16.00	$16.07	$16.07	57,796
2026-09-25	$16.12	$16.16	$16.07	$16.15	$16.15	13,849
2026-09-24	$16.05	$16.08	$16.03	$16.07	$16.07	29,850
2026-09-23	$16.23	$16.23	$16.07	$16.08	$16.08	42,095
2026-09-22	$16.22	$16.24	$16.20	$16.24	$16.24	36,889
2026-09-21	$16.06	$16.19	$16.06	$16.18	$16.18	74,722
2026-09-18	$16.00	$16.02	$15.98	$16.02	$16.02	46,206

#	Ticker	Name	Weight
1	ZSP	BMO S&P 500 Index ETF	27.67%
2	ZDB	BMO Discount Bond Index ETF	27.27%
3	ZCN	BMO S&P/TSX Capped Composite	15.66%
4	ZUAG-F	BMO US Aggregate Bond Index ETF (Hedged Units)	11.70%
5	ZEA	BMO MSCI EAFE Index ETF	10.01%
6	ZEM	BMO MSCI Emerging Markets Index ETF	5.46%
7	ZMID	BMO S&P US Mid Cap Index ETF	1.49%
8	ZSML	BMO S&P US Small Cap Index ETF	0.74%

Sector	Weight
Technology	25.69%
Financial Services	20.78%
Industrials	10.49%
Consumer Cyclicals	7.54%
Basic Materials	7.37%
Energy	6.97%
Healthcare	6.58%
Communication Services	6.18%
Consumer Defensive	4.14%
Utilities	2.47%
Real Estate	1.79%

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RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
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CIBC Investor's Edge

BMO Balanced ETF (ZBAL : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Balanced ETF

ETF Details

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Compare ZBAL

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Frequently Asked Questions — ZBAL