Question 1

What is ZLB?

Accepted Answer

ZLB (BMO Low Volatility Canadian Equity) is a Canadian-listed ETF trading on the TSX in the Canadian Equity category. It tracks the Morningstar Canada GR CAD.

Question 2

What is the ZLB ETF price today?

Accepted Answer

ZLB last traded at $61.05 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZLB MER (management expense ratio)?

Accepted Answer

ZLB 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 ZLB annualised returns?

Accepted Answer

ZLB historical returns: YTD: +5.33%, 1-year: +17.80%, 3-year annualised: +16.71%, 5-year annualised: +12.13%, 10-year annualised: +11.04%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.38, which measures risk-adjusted return.

Question 5

Does ZLB pay dividends or distributions?

Accepted Answer

Yes, ZLB distributes income to unitholders. The current distribution yield is approximately 1.87%, 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 ZLB invest in?

Accepted Answer

ZLB's top holdings include Loblaw Companies Limited (L, 4.6%), Quebecor Inc (QBR-B, 4.5%), Hydro One Ltd (H, 4.1%), Fortis Inc (FTS, 4.1%), Great-West Lifeco Inc. (GWO, 4.0%) — 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 ZLB invest in?

Accepted Answer

ZLB's largest sector exposures are Financial Services (24.3%), Consumer Defensive (18.1%), Utilities (17.7%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZLB? (Assets under management)

Accepted Answer

ZLB has approximately $6.13B 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 ZLB launched?

Accepted Answer

ZLB 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 ZLB in Canada?

Accepted Answer

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

Accepted Answer

ZLB has a 1-year volatility of 8.30% and a beta of 0.60 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.38 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
2026-06-22	$61.25	$61.35	$61.03	$61.05	$61.05	36,970
2026-06-19	$61.36	$61.70	$61.34	$61.34	$61.34	27,396
2026-06-18	$61.26	$61.62	$61.26	$61.43	$61.43	44,228
2026-06-17	$61.33	$61.68	$61.00	$61.18	$61.18	142,186
2026-06-16	$61.31	$61.63	$61.23	$61.46	$61.46	37,099
2026-06-15	$61.23	$61.25	$61.04	$61.24	$61.24	37,153
2026-06-12	$61.10	$61.15	$60.86	$60.94	$60.94	36,226
2026-06-11	$60.65	$61.08	$60.58	$60.87	$60.87	106,039
2026-06-10	$60.29	$60.65	$60.29	$60.39	$60.39	59,218
2026-06-09	$59.96	$60.53	$59.96	$60.39	$60.39	47,604

#	Ticker	Name	Weight
1	L	Loblaw Companies Limited	4.56%
2	QBR-B	Quebecor Inc	4.54%
3	H	Hydro One Ltd	4.15%
4	FTS	Fortis Inc	4.05%
5	GWO	Great-West Lifeco Inc.	3.96%
6	EMA	Emera Inc.	3.52%
7	MRU	Metro Inc.	3.51%
8	EMP-A	Empire Company Limited	3.45%
9	CU	Canadian Utilities Limited	3.04%
10	X	TMX Group Limited	2.97%

Sector	Weight
Financial Services	24.30%
Consumer Defensive	18.09%
Utilities	17.69%
Communication Services	9.70%
Industrials	9.22%
Consumer Cyclicals	8.32%
Basic Materials	6.64%
Real Estate	4.22%
Technology	1.81%
Energy	0.00%
Healthcare	0.00%

BMO Low Volatility Canadian Equity (ZLB : 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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