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 $32.87 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: +19.44%, 1-year: +33.54%, 3-year annualised: +25.98%, 5-year annualised: +16.14%, 10-year annualised: +12.02%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 2.00, 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 2.63%, 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, 8.5%), Toronto Dominion Bank (TD, 6.8%), Bank of Nova Scotia (BNS, 4.8%), Canadian Natural Resources Ltd (CNQ, 4.6%), Canadian Imperial Bank Of Commerce (CM, 4.5%) — 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 (21.4%), Basic Materials (12.5%). 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 $1.93B 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 8.53% and a beta of 0.84 (less volatile than the broad market). Its 3-year Sharpe ratio of 2.00 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
2026-09-24	$32.91	$32.97	$32.80	$32.87	$32.87	21,570
2026-09-23	$33.21	$33.26	$32.95	$32.95	$32.95	28,999
2026-09-22	$33.30	$33.37	$33.29	$33.33	$33.33	22,548
2026-09-21	$33.34	$33.34	$33.24	$33.28	$33.28	34,995
2026-09-18	$33.31	$33.31	$33.15	$33.30	$33.30	6,577
2026-09-17	$33.24	$33.35	$33.24	$33.32	$33.32	21,765
2026-09-16	$33.19	$33.25	$32.83	$33.02	$33.02	20,150
2026-09-15	$33.13	$33.13	$32.93	$33.11	$33.11	14,886
2026-09-14	$33.06	$33.19	$33.01	$33.06	$33.06	19,607
2026-09-11	$33.20	$33.20	$33.03	$33.10	$33.10	15,431

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.48%
2	TD	Toronto Dominion Bank	6.82%
3	BNS	Bank of Nova Scotia	4.83%
4	CNQ	Canadian Natural Resources Ltd	4.63%
5	CM	Canadian Imperial Bank Of Commerce	4.53%
6	ENB	Enbridge Inc	4.17%
7	BMO	Bank of Montreal	3.05%
8	AEM	Agnico Eagle Mines Limited	2.84%
9	ABX	Barrick Gold Corp	2.62%
10	SU	Suncor Energy Inc	2.15%

Sector	Weight
Financial Services	38.18%
Energy	21.43%
Basic Materials	12.55%
Utilities	7.76%
Industrials	6.20%
Communication Services	4.41%
Real Estate	3.73%
Consumer Cyclicals	2.89%
Consumer Defensive	1.97%
Healthcare	0.87%
Technology	0.00%

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CIBC Investor's Edge

BMO Canadian Dividend (ZDV : 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 — ZDV