Question 1

What is ZCN?

Accepted Answer

ZCN (BMO S&P/TSX Capped Composite) is a Canadian-listed ETF trading on the TSX in the Canadian Equity category. It tracks the Morningstar Canada GR CAD.

Question 2

What is the ZCN ETF price today?

Accepted Answer

ZCN last traded at $48.74 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZCN MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZCN annualised returns?

Accepted Answer

ZCN historical returns: YTD: +14.31%, 1-year: +33.33%, 3-year annualised: +25.77%, 5-year annualised: +15.53%, 10-year annualised: +12.74%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.64, which measures risk-adjusted return.

Question 5

Does ZCN pay dividends or distributions?

Accepted Answer

Yes, ZCN distributes income to unitholders. The current distribution yield is approximately 2.03%, 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 ZCN invest in?

Accepted Answer

ZCN's top holdings include Royal Bank of Canada (RY, 8.4%), Toronto Dominion Bank (TD, 5.8%), Shopify Inc (SHOP, 4.2%), Bank of Montreal (BMO, 3.6%), Enbridge Inc (ENB, 3.4%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada GR CAD.

Question 7

What sectors does ZCN invest in?

Accepted Answer

ZCN's largest sector exposures are Financial Services (35.9%), Energy (17.6%), Basic Materials (15.7%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZCN? (Assets under management)

Accepted Answer

ZCN has approximately $18.36B 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 ZCN launched?

Accepted Answer

ZCN was launched on May 29, 2009, giving it a 17-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 ZCN in Canada?

Accepted Answer

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

Accepted Answer

ZCN has a 1-year volatility of 10.62% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.64 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
2026-08-20	$48.54	$48.84	$48.50	$48.74	$48.74	136,681
2026-08-19	$49.11	$49.24	$48.71	$48.79	$48.79	108,623
2026-08-18	$49.05	$49.07	$48.66	$48.73	$48.73	194,308
2026-08-17	$49.19	$49.33	$49.11	$49.13	$49.13	162,609
2026-08-14	$49.34	$49.36	$49.10	$49.21	$49.21	177,005
2026-08-13	$49.08	$49.25	$48.94	$49.22	$49.22	183,935
2026-08-12	$49.13	$49.15	$48.90	$49.11	$49.11	252,992
2026-08-11	$48.96	$49.08	$48.84	$48.85	$48.85	208,708
2026-08-10	$48.75	$48.94	$48.67	$48.85	$48.85	140,616
2026-08-07	$48.70	$48.73	$48.55	$48.73	$48.73	126,236

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.39%
2	TD	Toronto Dominion Bank	5.75%
3	SHOP	Shopify Inc	4.20%
4	BMO	Bank of Montreal	3.55%
5	ENB	Enbridge Inc	3.44%
6	CM	Canadian Imperial Bank Of Commerce	3.11%
7	BNS	Bank of Nova Scotia	3.06%
8	BN	Brookfield Corporation	2.60%
9	CNQ	Canadian Natural Resources Ltd	2.54%
10	CP	Canadian Pacific Railway Ltd	2.32%

Sector	Weight
Financial Services	35.91%
Energy	17.62%
Basic Materials	15.68%
Industrials	10.59%
Technology	7.02%
Consumer Cyclicals	3.76%
Utilities	3.30%
Consumer Defensive	2.88%
Communication Services	1.59%
Real Estate	1.47%
Healthcare	0.18%

Ticker	Name	Price	1D
QETH-U		$34.97	+23.70%
ETHQ-U		$8.92	+21.53%
COIU		$4.79	+15.98%
XRPP-U	Purpose XRP ETF USD ETF Currency Non-Hedged Units	$5.59	+15.98%
XRPP-B	Purpose Investments Inc - Purpose XRP ETF	$5.64	+15.57%
XRPQ		$7.66	+15.36%
XRPP		$5.38	+15.34%
MSTU		$4.76	+15.25%

CIBC Investor's Edge

BMO S&P/TSX Capped Composite (ZCN : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

7 stocks to buy and hold forever

Compare ZCN

Explore More

Compare ZCN vs Similar ETFs

Frequently Asked Questions — ZCN