Question 1

What is ZCN?

Accepted Answer

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

Question 2

What is the ZCN ETF price today?

Accepted Answer

ZCN last traded at $48.60 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: +13.98%, 1-year: +21.78%, 3-year annualised: +26.28%, 5-year annualised: +14.60%, 10-year annualised: +13.13%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.89, 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 2.15%, 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, 7.8%), Toronto Dominion Bank (TD, 5.6%), Shopify Inc (SHOP, 4.5%), Bank of Montreal (BMO, 3.4%), Bank of Nova Scotia (BNS, 3.1%) — 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 (36.4%), Basic Materials (19.2%), Energy (16.3%). 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 $18.69B 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 10.70% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.89 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
2026-10-21	$48.48	$48.74	$48.46	$48.60	$48.60	162,255
2026-10-20	$48.01	$48.46	$47.90	$48.30	$48.30	157,195
2026-10-19	$48.25	$48.25	$47.93	$48.08	$48.08	165,310
2026-10-16	$48.47	$48.77	$48.20	$48.41	$48.41	200,191
2026-10-15	$47.50	$48.36	$47.45	$48.35	$48.35	200,457
2026-10-14	$47.92	$48.05	$47.38	$47.63	$47.63	183,305
2026-10-13	$48.04	$48.24	$47.85	$48.14	$48.14	169,480
2026-10-09	$47.34	$47.75	$47.34	$47.71	$47.71	153,400
2026-10-08	$46.78	$47.10	$46.75	$47.00	$47.00	355,034
2026-10-07	$47.34	$47.34	$46.87	$46.87	$46.87	277,714

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	7.82%
2	TD	Toronto Dominion Bank	5.63%
3	SHOP	Shopify Inc	4.47%
4	BMO	Bank of Montreal	3.35%
5	BNS	Bank of Nova Scotia	3.06%
6	CM	Canadian Imperial Bank Of Commerce	2.80%
7	ENB	Enbridge Inc	2.79%
8	AEM	Agnico Eagle Mines Limited	2.63%
9	CNQ	Canadian Natural Resources Ltd	2.75%
10	BN	Brookfield Corporation	2.34%

Sector	Weight
Financial Services	36.36%
Basic Materials	19.23%
Energy	16.29%
Industrials	9.72%
Technology	7.77%
Consumer Cyclicals	3.54%
Consumer Defensive	2.85%
Utilities	2.77%
Communication Services	1.48%
Real Estate	1.34%
Healthcare	0.17%

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HND	BetaPro Natural Gas 2x Daily Bear	$25.10	+10.62%
SPCP		$19.34	+10.58%
PLTU		$39.23	+9.52%
SXHI	Ninepoint SpaceX HighShares ETF	$7.10	+9.40%
SPXE	Harvest SpaceX Enhanced High Income Shares ETF	$10.46	+8.06%
COIU		$22.66	+8.01%

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

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Frequently Asked Questions — ZCN