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 $33.69 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: +22.42%, 1-year: +43.19%, 3-year annualised: +25.27%, 5-year annualised: +16.19%, 10-year annualised: +12.32%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.85, 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, 9.2%), Toronto Dominion Bank (TD, 7.5%), Bank of Nova Scotia (BNS, 5.2%), Canadian Imperial Bank Of Commerce (CM, 4.9%), Enbridge Inc (ENB, 4.8%) — 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 (40.2%), Energy (21.2%), Basic Materials (10.0%). 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 $1.95B 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 8.29% and a beta of 0.86 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.85 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
2026-08-13	$33.62	$33.71	$33.57	$33.69	$33.69	31,283
2026-08-12	$33.51	$33.66	$33.51	$33.65	$33.65	31,650
2026-08-11	$33.31	$33.50	$33.31	$33.40	$33.40	35,182
2026-08-10	$33.24	$33.31	$33.15	$33.24	$33.24	53,630
2026-08-07	$33.29	$33.35	$33.18	$33.27	$33.27	23,139
2026-08-06	$33.25	$33.25	$33.08	$33.20	$33.20	46,196
2026-08-05	$33.37	$33.37	$33.09	$33.12	$33.12	55,652
2026-08-04	$33.17	$33.24	$33.07	$33.13	$33.13	71,333
2026-07-31	$33.31	$33.31	$33.13	$33.13	$33.13	49,000
2026-07-30	$33.06	$33.30	$33.05	$33.29	$33.29	39,093

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	9.20%
2	TD	Toronto Dominion Bank	7.51%
3	BNS	Bank of Nova Scotia	5.17%
4	CM	Canadian Imperial Bank Of Commerce	4.89%
5	ENB	Enbridge Inc	4.82%
6	CNQ	Canadian Natural Resources Ltd	4.02%
7	BMO	Bank of Montreal	3.34%
8	BIP-UN	Brookfield Infrastructure Partners L.P	2.35%
9	MFC	Manulife Financial Corp	2.15%
10	TRP	TC Energy Corp	2.05%

Sector	Weight
Financial Services	40.24%
Energy	21.24%
Basic Materials	10.05%
Utilities	8.38%
Industrials	5.96%
Communication Services	4.31%
Real Estate	4.02%
Consumer Cyclicals	2.84%
Consumer Defensive	2.03%
Healthcare	0.93%
Technology	0.00%

Ticker	Name	Price	1D
SHPU		$12.57	+10.75%
PLTU		$32.91	+10.21%
CGMD		$6.91	+8.82%
RBNU		$30.93	+8.76%
MUU		$14.96	+8.41%
TSLU		$13.29	+7.52%
COIU		$3.91	+6.83%
HODY	Harvest Robinhood Enhanced High Income Shares ETF	$6.50	+5.26%

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