Question 1

What is ZDV?

Accepted Answer

ZDV (BMO Canadian Dividend) is a Canadian-listed ETF trading on the TSX in the Canadian Dividend and Income Equity category. It tracks the Morningstar Canada GR CAD.

Question 2

What is the ZDV ETF price today?

Accepted Answer

ZDV last traded at $32.15 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZDV MER (management expense ratio)?

Accepted Answer

ZDV has a management expense ratio (MER) of 0.35% 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.

Question 4

What are ZDV annualised returns?

Accepted Answer

ZDV historical returns: YTD: +16.82%, 1-year: +41.58%, 3-year annualised: +24.24%, 5-year annualised: +15.83%, 10-year annualised: +12.27%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.81, which measures risk-adjusted return.

Question 5

Does ZDV pay dividends or distributions?

Accepted Answer

Yes, ZDV distributes income to unitholders. The current distribution yield is approximately 2.70%, paid monthly. 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 ZDV invest in?

Accepted Answer

ZDV's top holdings include Royal Bank of Canada (RY, 7.9%), Toronto Dominion Bank (TD, 7.0%), Enbridge Inc (ENB, 5.0%), Bank of Nova Scotia (BNS, 4.7%), Canadian Imperial Bank Of Commerce (CM, 4.6%) — 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 ZDV invest in?

Accepted Answer

ZDV's largest sector exposures are Financial Services (35.4%), Energy (26.8%), Basic Materials (11.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZDV? (Assets under management)

Accepted Answer

ZDV has approximately $1.83B 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 ZDV launched?

Accepted Answer

ZDV was launched on October 21, 2011, giving it a 15-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 ZDV in Canada?

Accepted Answer

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

Accepted Answer

ZDV has a 1-year volatility of 8.35% and a beta of 0.86 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.81 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
2026-07-02	$32.20	$32.27	$31.95	$32.15	$32.15	79,414
2026-06-30	$32.27	$32.32	$32.19	$32.21	$32.21	75,100
2026-06-29	$32.31	$32.35	$32.15	$32.23	$32.23	36,925
2026-06-26	$32.37	$32.51	$32.32	$32.37	$32.37	45,900
2026-06-25	$32.30	$32.50	$32.30	$32.40	$32.40	44,933
2026-06-24	$32.42	$32.42	$32.12	$32.26	$32.26	63,867
2026-06-23	$32.37	$32.59	$32.30	$32.57	$32.57	31,845
2026-06-22	$32.51	$32.60	$32.40	$32.50	$32.50	66,320
2026-06-19	$32.40	$32.62	$32.40	$32.43	$32.43	30,290
2026-06-18	$32.48	$32.51	$32.38	$32.48	$32.48	33,062

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	7.89%
2	TD	Toronto Dominion Bank	7.02%
3	ENB	Enbridge Inc	4.99%
4	BNS	Bank of Nova Scotia	4.68%
5	CM	Canadian Imperial Bank Of Commerce	4.62%
6	CNQ	Canadian Natural Resources Ltd	4.35%
7	BMO	Bank of Montreal	3.01%
8	SU	Suncor Energy Inc	2.82%
9	AEM	Agnico Eagle Mines Limited	2.51%
10	TRP	TC Energy Corp	2.50%

Sector	Weight
Financial Services	35.35%
Energy	26.82%
Basic Materials	10.99%
Utilities	10.10%
Communication Services	5.41%
Real Estate	4.11%
Industrials	2.94%
Consumer Defensive	2.16%
Consumer Cyclicals	1.26%
Healthcare	0.84%
Technology	0.00%

BMO Canadian Dividend (ZDV : 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 — ZDV