Question 1

What is ZFN?

Accepted Answer

ZFN — BMO SIA Focused North American Equity Fund ETF Series — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZFN ETF price today?

Accepted Answer

ZFN last traded at $63.05 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZFN MER (management expense ratio)?

Accepted Answer

ZFN has a management expense ratio (MER) of 0% 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. At 0%, ZFN is considered a low-cost ETF.

Question 4

What are ZFN annualised returns?

Accepted Answer

ZFN historical returns: YTD: +0.05%, 1-year: +9.22%, 3-year annualised: +15.74%, 5-year annualised: +11.85%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.08, which measures risk-adjusted return.

Question 5

Does ZFN pay dividends or distributions?

Accepted Answer

Yes, ZFN distributes income to unitholders. The current distribution yield is approximately 0.46%, paid annually. 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 ZFN invest in?

Accepted Answer

ZFN's top holdings include Applied Materials Inc (AMAT, 6.7%), Lam Research Corp (LRCX, 6.6%), GE Vernova LLC (GEV, 6.3%), Eli Lilly and Company (LLY, 6.2%), The Bank of New York Mellon Corporation (BNY, 5.9%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar DM Americas GR CAD.

Question 7

What sectors does ZFN invest in?

Accepted Answer

ZFN's largest sector exposures are Financial Services (32.5%), Technology (21.7%), Industrials (19.5%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZFN? (Assets under management)

Accepted Answer

ZFN has approximately $243M 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 ZFN launched?

Accepted Answer

ZFN was launched on December 6, 2018, giving it a 8-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 ZFN in Canada?

Accepted Answer

ZFN trades on the TSX under the ticker ZFN. 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 ZFN?

Accepted Answer

ZFN has a 1-year volatility of 14.89% and a beta of 0.95 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.08 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
2026-07-31	$63.00	$63.10	$63.00	$63.05	$63.05	3,014
2026-07-30	$62.11	$62.67	$62.11	$62.67	$62.67	1,002
2026-07-29	$62.65	$62.65	$61.56	$61.56	$61.56	1,087
2026-07-28	$63.57	$63.57	$63.57	$63.57	$63.57	627
2026-07-27	$63.44	$63.77	$63.44	$63.77	$63.77	788
2026-07-24	$64.12	$64.12	$63.89	$64.09	$64.09	4,376
2026-07-23	$63.64	$63.85	$63.64	$63.80	$63.80	13,549
2026-07-22	$64.35	$64.35	$64.35	$64.35	$64.35	212
2026-07-21	$63.79	$63.79	$63.79	$63.79	$63.79	0
2026-07-20	$64.55	$64.87	$63.98	$63.98	$63.98	2,048

#	Ticker	Name	Weight
1	AMAT	Applied Materials Inc	6.70%
2	LRCX	Lam Research Corp	6.65%
3	GEV	GE Vernova LLC	6.25%
4	LLY	Eli Lilly and Company	6.22%
5	BNY	The Bank of New York Mellon Corporation	5.95%
6	CM	Canadian Imperial Bank Of Commerce	5.89%
7	CVS	CVS Health Corp	5.89%
8	GE	GE Aerospace	5.86%
9	MS	Morgan Stanley	5.78%
10	CSCO	Cisco Systems Inc	5.73%

Sector	Weight
Financial Services	32.53%
Technology	21.69%
Industrials	19.45%
Healthcare	13.78%
Utilities	6.28%
Communication Services	6.26%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Real Estate	0.00%
Energy	0.00%
Consumer Defensive	0.00%

Ticker	Name	Price	1D
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AMHE-U	Harvest Amazon Enhanced High Income Shares ETF	$14.27	+16.68%
COID		$8.24	+16.38%
AMHE	Harvest Amazon Enhanced High Income Shares ETF - Class A Units	$14.70	+14.84%
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AMZH-U	Harvest Amazon High Income Shares ETF	$13.87	+13.13%
MSFH-U	Harvest Microsoft Enhanced High Income Shares ETF	$9.48	+12.46%
PINV	Purpose Global Innovators Fund ETF	$31.26	+12.08%

BMO SIA Focused North American Equity Fund ETF Series (ZFN : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO SIA Focused North American Equity Fund ETF Series

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