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 $47.10 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: +10.46%, 1-year: +34.39%, 3-year annualised: +24.02%, 5-year annualised: +14.88%, 10-year annualised: +12.83%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.75, 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, 7.4%), Toronto Dominion Bank (TD, 5.3%), Shopify Inc (SHOP, 4.1%), Enbridge Inc (ENB, 3.3%), Bank of Montreal (BMO, 3.2%) — 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 (33.6%), Energy (18.6%), Basic Materials (17.8%). 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 $16.94B 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 10.36% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.75 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
2026-07-09	$46.85	$47.18	$46.85	$47.10	$47.10	118,015
2026-07-08	$46.94	$46.96	$46.32	$46.75	$46.75	194,645
2026-07-07	$47.20	$47.39	$46.95	$47.19	$47.19	205,175
2026-07-06	$47.11	$47.25	$46.89	$47.10	$47.10	190,717
2026-07-03	$46.96	$47.29	$46.86	$47.15	$47.15	77,293
2026-07-02	$46.82	$46.91	$46.40	$46.78	$46.78	160,077
2026-06-30	$46.63	$46.71	$46.44	$46.61	$46.61	270,800
2026-06-29	$46.85	$46.85	$46.44	$46.54	$46.54	184,609
2026-06-26	$46.76	$47.17	$46.70	$46.98	$46.98	128,200
2026-06-25	$46.96	$47.13	$46.76	$46.83	$46.83	232,149

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	7.44%
2	TD	Toronto Dominion Bank	5.33%
3	SHOP	Shopify Inc	4.06%
4	ENB	Enbridge Inc	3.32%
5	BMO	Bank of Montreal	3.19%
6	CM	Canadian Imperial Bank Of Commerce	2.81%
7	BN	Brookfield Corporation	2.79%
8	BNS	Bank of Nova Scotia	2.75%
9	CNQ	Canadian Natural Resources Ltd	2.63%
10	AEM	Agnico Eagle Mines Limited	2.56%

Sector	Weight
Financial Services	33.57%
Energy	18.59%
Basic Materials	17.83%
Industrials	10.13%
Technology	6.63%
Consumer Cyclicals	3.73%
Utilities	3.21%
Consumer Defensive	2.86%
Communication Services	1.80%
Real Estate	1.49%
Healthcare	0.13%

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

CIBC Investor's Edge

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