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 $32.10 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: +16.64%, 1-year: +40.16%, 3-year annualised: +23.88%, 5-year annualised: +15.72%, 10-year annualised: +12.00%. 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 2.77%, 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, 7.5%), Toronto Dominion Bank (TD, 6.6%), Enbridge Inc (ENB, 5.0%), Canadian Imperial Bank Of Commerce (CM, 4.7%), Canadian Natural Resources Ltd (CNQ, 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 (35.6%), Energy (27.1%), Basic Materials (10.4%). 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 $1.72B 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 0.90 (roughly in line with 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
2026-06-02	$31.65	$32.11	$31.65	$32.10	$32.10	55,697
2026-06-01	$31.72	$31.77	$31.63	$31.65	$31.65	59,413
2026-05-29	$31.71	$31.84	$31.54	$31.74	$31.74	49,586
2026-05-28	$31.81	$31.81	$31.66	$31.69	$31.69	39,488
2026-05-27	$31.88	$32.03	$31.87	$31.88	$31.88	39,300
2026-05-26	$32.13	$32.20	$32.00	$32.07	$32.07	35,141
2026-05-25	$32.17	$32.29	$32.08	$32.17	$32.17	44,243
2026-05-22	$32.09	$32.19	$32.07	$32.12	$32.12	37,934
2026-05-21	$31.78	$32.06	$31.77	$31.98	$31.98	99,802
2026-05-20	$31.57	$31.84	$31.57	$31.77	$31.77	37,471

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	7.48%
2	TD	Toronto Dominion Bank	6.64%
3	ENB	Enbridge Inc	5.03%
4	CM	Canadian Imperial Bank Of Commerce	4.73%
5	CNQ	Canadian Natural Resources Ltd	4.68%
6	BNS	Bank of Nova Scotia	4.57%
7	SU	Suncor Energy Inc	3.13%
8	BMO	Bank of Montreal	2.85%
9	AEM	Agnico Eagle Mines Limited	2.60%
10	TRP	TC Energy Corp	2.59%

Sector	Weight
Financial Services	35.58%
Energy	27.13%
Basic Materials	10.42%
Utilities	10.08%
Communication Services	5.65%
Real Estate	4.06%
Industrials	2.70%
Consumer Defensive	2.15%
Consumer Cyclicals	1.32%
Healthcare	0.90%
Technology	0.00%

BMO Canadian Dividend (ZDV : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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