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 $47.54 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: +11.49%, 1-year: +31.24%, 3-year annualised: +23.12%, 5-year annualised: +14.89%, 10-year annualised: +12.49%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.67, 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 2.06%, 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, 8.2%), Toronto Dominion Bank (TD, 5.8%), Shopify Inc (SHOP, 4.0%), Bank of Montreal (BMO, 3.5%), 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 (17.0%), Basic Materials (16.6%). 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 $17.54B 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 10.57% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.67 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
2026-07-30	$47.58	$47.65	$47.18	$47.54	$47.54	255,496
2026-07-29	$47.79	$47.86	$47.24	$47.28	$47.28	354,110
2026-07-28	$47.47	$47.88	$47.38	$47.86	$47.86	232,910
2026-07-27	$47.54	$47.66	$47.30	$47.61	$47.61	314,474
2026-07-24	$47.21	$47.43	$47.12	$47.32	$47.32	393,903
2026-07-23	$47.20	$47.22	$46.97	$47.10	$47.10	207,319
2026-07-22	$47.44	$47.82	$47.42	$47.47	$47.47	349,689
2026-07-21	$46.98	$47.34	$46.82	$47.33	$47.33	298,226
2026-07-20	$47.26	$47.37	$46.80	$46.80	$46.80	370,804
2026-07-17	$47.06	$47.29	$46.86	$47.17	$47.17	202,703

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.21%
2	TD	Toronto Dominion Bank	5.76%
3	SHOP	Shopify Inc	3.96%
4	BMO	Bank of Montreal	3.51%
5	ENB	Enbridge Inc	3.36%
6	BNS	Bank of Nova Scotia	3.03%
7	CM	Canadian Imperial Bank Of Commerce	3.00%
8	BN	Brookfield Corporation	2.58%
9	CNQ	Canadian Natural Resources Ltd	2.34%
10	AEM	Agnico Eagle Mines Limited	2.24%

Sector	Weight
Financial Services	35.90%
Energy	16.95%
Basic Materials	16.64%
Industrials	10.16%
Technology	6.96%
Consumer Cyclicals	3.79%
Utilities	3.22%
Consumer Defensive	2.95%
Communication Services	1.77%
Real Estate	1.51%
Healthcare	0.13%

Ticker	Name	Price	1D
MUU		$13.01	+35.24%
MSFU		$16.18	+29.75%
AMDU		$17.56	+25.70%
SOXU		$34.94	+25.46%
AMDY	Harvest AMD Enhanced High Income Shares ETF - Class A Units	$38.75	+15.74%
MSHE-U	Harvest Microsoft Enhanced High Income Shares ETF	$8.86	+15.51%
MSHE	Harvest Microsoft Enhanced High Income Shares ETF - Class A Units	$9.08	+14.94%
SHPD		$10.99	+12.95%

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

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — ZCN