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 $16.01 CAD on the TSX. See the price chart above for recent performance.

Question 3

What are ZBAL annualised returns?

Accepted Answer

ZBAL historical returns: YTD: +7.23%, 1-year: +8.75%, 3-year annualised: +16.76%, 5-year annualised: +8.09%, 10-year annualised: +0.00%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.52, which measures risk-adjusted return.

Question 4

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 5

What does ZBAL invest in?

Accepted Answer

ZBAL's top holdings include BMO S&P 500 Index ETF (ZSP, 26.8%), BMO Discount Bond Index ETF (ZDB, 28.8%), BMO S&P/TSX Capped Composite (ZCN, 15.0%), BMO US Aggregate Bond Index ETF (Hedged Units) (ZUAG-F, 12.1%), BMO MSCI EAFE Index ETF (ZEA, 10.1%) — 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 6

What sectors does ZBAL invest in?

Accepted Answer

ZBAL's largest sector exposures are Technology (28.2%), Financial Services (20.4%), Industrials (10.7%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is ZBAL? (Assets under management)

Accepted Answer

ZBAL has approximately $732M 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 8

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 9

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 10

How risky is ZBAL?

Accepted Answer

ZBAL has a 1-year volatility of 6.90% and a beta of 1.18 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.52 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	$16.04	$16.04	$15.96	$16.01	$16.01	85,637
2026-10-28	$16.07	$16.07	$15.98	$16.00	$16.00	75,806
2026-10-27	$16.02	$16.03	$15.92	$16.02	$16.02	57,610
2026-10-26	$15.92	$16.00	$15.92	$16.00	$16.00	46,519
2026-10-23	$15.92	$15.93	$15.83	$15.88	$15.88	44,583
2026-10-22	$16.00	$16.00	$15.90	$15.93	$15.93	29,439
2026-10-21	$16.04	$16.05	$15.99	$16.03	$16.03	78,042
2026-10-20	$15.98	$16.02	$15.93	$15.99	$15.99	23,032
2026-10-19	$16.01	$16.01	$15.95	$15.97	$15.97	42,564
2026-10-16	$16.15	$16.15	$15.98	$15.99	$15.99	37,557

#	Ticker	Name	Weight
1	ZSP	BMO S&P 500 Index ETF	26.80%
2	ZDB	BMO Discount Bond Index ETF	28.85%
3	ZCN	BMO S&P/TSX Capped Composite	15.02%
4	ZUAG-F	BMO US Aggregate Bond Index ETF (Hedged Units)	12.06%
5	ZEA	BMO MSCI EAFE Index ETF	10.12%
6	ZEM	BMO MSCI Emerging Markets Index ETF	5.74%
7	ZMID	BMO S&P US Mid Cap Index ETF	1.44%
8	ZSML	BMO S&P US Small Cap Index ETF	0.75%

Sector	Weight
Technology	28.15%
Financial Services	20.44%
Industrials	10.69%
Consumer Cyclicals	7.41%
Basic Materials	6.69%
Energy	6.62%
Healthcare	6.51%
Communication Services	6.14%
Consumer Defensive	4.17%
Utilities	2.27%
Real Estate	1.68%

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 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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Frequently Asked Questions — ZBAL