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 $57.48 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: -8.79%, 1-year: -6.50%, 3-year annualised: +14.38%, 5-year annualised: +9.34%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.76, 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 0.51%, 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 Palantir Technologies Inc. (PLTR, 6.3%), Morgan Stanley (MS, 6.1%), The Bank of New York Mellon Corporation (BNY, 6.1%), Canadian Imperial Bank Of Commerce (CM, 6.0%), RTX Corporation (RTX, 6.0%) — and 3 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 (36.7%), Technology (21.4%), Industrials (14.3%). 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 $203M 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 17.76% and a beta of 0.99 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.76 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-06	$57.58	$57.60	$57.48	$57.48	$57.48	2,730
2026-10-05	$57.31	$57.50	$57.31	$57.34	$57.34	3,086
2026-10-02	$57.66	$57.71	$57.66	$57.70	$57.70	1,966
2026-10-01	$57.00	$57.27	$57.00	$57.27	$57.27	606
2026-09-30	$56.95	$57.26	$56.56	$57.26	$57.26	11,430
2026-09-29	$57.67	$57.70	$57.67	$57.70	$57.70	1,214
2026-09-28	$57.98	$58.12	$57.98	$58.10	$58.10	1,300
2026-09-25	$58.61	$58.61	$58.55	$58.55	$58.55	2,437
2026-09-24	$58.51	$58.61	$58.51	$58.60	$58.60	600
2026-09-23	$58.83	$58.88	$58.57	$58.68	$58.68	4,297

#	Ticker	Name	Weight
1	PLTR	Palantir Technologies Inc.	6.32%
2	MS	Morgan Stanley	6.08%
3	BNY	The Bank of New York Mellon Corporation	6.07%
4	CM	Canadian Imperial Bank Of Commerce	6.03%
5	RTX	RTX Corporation	6.02%
6	GM	General Motors Company	6.02%
7	MFC	Manulife Financial Corp	6.00%
8	NA	National Bank of Canada	5.94%

Sector	Weight
Financial Services	36.67%
Technology	21.38%
Industrials	14.32%
Consumer Cyclicals	7.32%
Real Estate	7.10%
Healthcare	6.90%
Basic Materials	6.32%
Energy	0.00%
Utilities	0.00%
Consumer Defensive	0.00%
Communication Services	0.00%

Ticker	Name	Price	1D
CCOU		$17.59	+11.61%
CCHI	Ninepoint Cameco HighShares ETF	$10.09	+6.21%
CCOE	Harvest Cameco Enhanced High Income Shares ETF	$12.21	+6.08%
AMDU		$29.55	+5.54%
ABXU		$26.45	+5.09%
SHPU		$13.21	+4.76%
PLTU		$37.16	+4.09%
HURA	Global X Uranium Index ETF	$48.51	+3.88%

CIBC Investor's Edge

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

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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Frequently Asked Questions — ZFN