Question 1

What is ZDV?

Accepted Answer

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

Question 2

What is the ZDV ETF price today?

Accepted Answer

ZDV last traded at $32.82 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: +19.26%, 1-year: +30.08%, 3-year annualised: +26.98%, 5-year annualised: +14.88%, 10-year annualised: +12.02%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 2.18, 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 2.80%, 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, 8.7%), Toronto Dominion Bank (TD, 7.1%), Bank of Nova Scotia (BNS, 5.1%), Canadian Natural Resources Ltd (CNQ, 4.4%), Canadian Imperial Bank Of Commerce (CM, 4.4%) — 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 (38.1%), Energy (21.7%), Basic Materials (12.8%). 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 $1.88B 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 9.35% and a beta of 0.84 (less volatile than the broad market). Its 3-year Sharpe ratio of 2.18 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
2026-10-14	$32.91	$32.91	$32.73	$32.82	$32.82	39,121
2026-10-13	$32.81	$33.04	$32.71	$33.00	$33.00	42,529
2026-10-09	$32.41	$32.64	$32.41	$32.61	$32.61	27,700
2026-10-08	$32.05	$32.36	$32.05	$32.28	$32.28	40,507
2026-10-07	$32.48	$32.48	$32.09	$32.10	$32.10	53,295
2026-10-06	$32.52	$32.76	$32.52	$32.64	$32.64	30,053
2026-10-05	$32.62	$32.62	$32.38	$32.53	$32.53	63,314
2026-10-02	$32.46	$32.67	$32.46	$32.67	$32.67	43,500
2026-10-01	$32.50	$32.50	$32.20	$32.42	$32.42	45,588
2026-09-30	$32.65	$32.66	$32.49	$32.50	$32.50	35,064

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.67%
2	TD	Toronto Dominion Bank	7.13%
3	BNS	Bank of Nova Scotia	5.13%
4	CNQ	Canadian Natural Resources Ltd	4.41%
5	CM	Canadian Imperial Bank Of Commerce	4.41%
6	ENB	Enbridge Inc	4.30%
7	BMO	Bank of Montreal	3.14%
8	AEM	Agnico Eagle Mines Limited	2.86%
9	ABX	Barrick Gold Corp	2.55%
10	SU	Suncor Energy Inc	2.13%

Sector	Weight
Financial Services	38.05%
Energy	21.73%
Basic Materials	12.82%
Utilities	6.94%
Industrials	6.19%
Communication Services	4.41%
Real Estate	3.67%
Consumer Cyclicals	2.93%
Consumer Defensive	2.24%
Healthcare	0.83%
Technology	0.00%

Ticker	Name	Price	1D
CGMD		$6.72	+16.26%
SOXD		$14.61	+13.26%
SLVD	BetaPro Silver -2x Daily Bear ETF	$40.88	+12.52%
MSTZ		$2.20	+11.11%
COID		$4.30	+9.97%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.37	+9.46%
QQQD		$6.74	+6.81%
SRSL		$12.29	+6.78%

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