Question 1

What is ZGRO?

Accepted Answer

ZGRO — BMO Growth ETF — is a Canadian-listed ETF trading on the TSX. The BMO Growth ETF is designed to provide long-term capital appreciation by investing in global equity and fixed income ETFs. The ETF will rebalance quarterly to strategic index asset allocation weights. The ETF will invest in broad indexed equity and fixed income ETFs. ZGRO is a fund of fund; the management fees charged are reduced by those accrued in the underlying funds.

Question 2

What is the ZGRO ETF price today?

Accepted Answer

ZGRO last traded at $19.40 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZGRO MER (management expense ratio)?

Accepted Answer

ZGRO 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%, ZGRO is considered a low-cost ETF.

Question 4

What are ZGRO annualised returns?

Accepted Answer

ZGRO historical returns: YTD: +10.29%, 1-year: +16.85%, 3-year annualised: +19.71%, 5-year annualised: +11.04%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.56, which measures risk-adjusted return.

Question 5

Does ZGRO pay dividends or distributions?

Accepted Answer

Yes, ZGRO distributes income to unitholders. The current distribution yield is approximately 1.42%, paid quarterly. 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 ZGRO invest in?

Accepted Answer

ZGRO's top holdings include BMO S&P 500 Index ETF (ZSP, 36.5%), BMO S&P/TSX Capped Composite (ZCN, 20.7%), BMO Discount Bond Index ETF (ZDB, 13.5%), BMO MSCI EAFE Index ETF (ZEA, 13.3%), BMO MSCI Emerging Markets Index ETF (ZEM, 7.2%) — and 3 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can Eq Gbl Tgt Alloc NR CAD.

Question 7

What sectors does ZGRO invest in?

Accepted Answer

ZGRO's largest sector exposures are Technology (25.7%), Financial Services (20.8%), Industrials (10.5%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZGRO? (Assets under management)

Accepted Answer

ZGRO has approximately $825M 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 ZGRO launched?

Accepted Answer

ZGRO was launched on February 12, 2019, giving it a 7-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 ZGRO in Canada?

Accepted Answer

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

Accepted Answer

ZGRO has a 1-year volatility of 8.96% and a beta of 1.08 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.56 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
2026-10-01	$19.45	$19.45	$19.32	$19.40	$19.40	33,846
2026-09-30	$19.49	$19.49	$19.42	$19.42	$19.42	17,562
2026-09-29	$19.53	$19.53	$19.40	$19.45	$19.45	23,195
2026-09-28	$19.59	$19.59	$19.47	$19.56	$19.56	49,459
2026-09-25	$19.63	$19.65	$19.54	$19.65	$19.65	49,358
2026-09-24	$19.56	$19.56	$19.48	$19.55	$19.55	42,761
2026-09-23	$19.69	$19.69	$19.53	$19.54	$19.54	29,022
2026-09-22	$19.71	$19.76	$19.69	$19.74	$19.74	29,410
2026-09-21	$19.54	$19.67	$19.52	$19.67	$19.67	36,678
2026-09-18	$19.44	$19.44	$19.36	$19.41	$19.41	11,344

#	Ticker	Name	Weight
1	ZSP	BMO S&P 500 Index ETF	36.53%
2	ZCN	BMO S&P/TSX Capped Composite	20.68%
3	ZDB	BMO Discount Bond Index ETF	13.51%
4	ZEA	BMO MSCI EAFE Index ETF	13.32%
5	ZEM	BMO MSCI Emerging Markets Index ETF	7.21%
6	ZUAG-F	BMO US Aggregate Bond Index ETF (Hedged Units)	5.80%
7	ZMID	BMO S&P US Mid Cap Index ETF	1.96%
8	ZSML	BMO S&P US Small Cap Index ETF	0.98%

Sector	Weight
Technology	25.67%
Financial Services	20.78%
Industrials	10.51%
Consumer Cyclicals	7.54%
Basic Materials	7.37%
Energy	6.97%
Healthcare	6.59%
Communication Services	6.17%
Consumer Defensive	4.14%
Utilities	2.47%
Real Estate	1.79%

Ticker	Name	Price	1D
MSTU		$43.77	+9.62%
OILU		$59.51	+6.19%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.42	+5.98%
MUU		$19.42	+5.72%
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
CSHI	Ninepoint Constellation Software HighShares ETF	$12.40	+4.11%
HND	BetaPro Natural Gas 2x Daily Bear	$24.40	+4.01%

CIBC Investor's Edge

BMO Growth ETF (ZGRO : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Growth ETF

ETF Details

7 stocks to buy and hold forever

Compare ZGRO

Explore More

Compare ZGRO vs Similar ETFs

Frequently Asked Questions — ZGRO