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 $33.17 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: +20.53%, 1-year: +42.08%, 3-year annualised: +24.25%, 5-year annualised: +16.65%, 10-year annualised: +12.21%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.79, 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 2.68%, 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, 8.3%), Toronto Dominion Bank (TD, 7.4%), Bank of Nova Scotia (BNS, 5.1%), Enbridge Inc (ENB, 5.0%), Canadian Imperial Bank Of Commerce (CM, 4.7%) — 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 (38.2%), Energy (24.4%), Utilities (10.2%). 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 $1.92B 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 8.36% and a beta of 0.86 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.79 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
2026-07-23	$33.13	$33.17	$33.07	$33.17	$33.17	36,366
2026-07-22	$33.20	$33.43	$33.13	$33.27	$33.27	29,468
2026-07-21	$32.89	$33.07	$32.82	$33.07	$33.07	33,690
2026-07-20	$33.09	$33.19	$32.76	$32.76	$32.76	53,731
2026-07-17	$33.02	$33.20	$32.92	$33.10	$33.10	65,062
2026-07-16	$33.00	$33.11	$32.90	$33.08	$33.08	66,552
2026-07-15	$32.85	$33.06	$32.82	$33.05	$33.05	58,298
2026-07-14	$32.77	$32.90	$32.75	$32.80	$32.80	81,608
2026-07-13	$32.67	$32.78	$32.60	$32.71	$32.71	38,943
2026-07-10	$32.53	$32.65	$32.49	$32.64	$32.64	28,731

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.34%
2	TD	Toronto Dominion Bank	7.41%
3	BNS	Bank of Nova Scotia	5.13%
4	ENB	Enbridge Inc	5.02%
5	CM	Canadian Imperial Bank Of Commerce	4.73%
6	CNQ	Canadian Natural Resources Ltd	4.00%
7	BMO	Bank of Montreal	3.21%
8	SU	Suncor Energy Inc	2.52%
9	BIP-UN	Brookfield Infrastructure Partners L.P	2.30%
10	GWO	Great-West Lifeco Inc.	2.28%

Sector	Weight
Financial Services	38.20%
Energy	24.39%
Utilities	10.20%
Basic Materials	9.77%
Communication Services	5.20%
Real Estate	4.11%
Industrials	3.54%
Consumer Defensive	2.40%
Consumer Cyclicals	1.30%
Healthcare	0.90%
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