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 $59.31 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: +2.33%, 1-year: +9.59%, 3-year annualised: +16.46%, 5-year annualised: +10.79%, 10-year annualised: +10.48%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.51, 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 1.86%, 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 Great-West Lifeco Inc. (GWO, 4.4%), Fortis Inc (FTS, 4.3%), Quebecor Inc (QBR-B, 4.0%), Hydro One Ltd (H, 3.9%), Loblaw Companies Limited (L, 3.8%) — 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 (27.1%), Utilities (17.2%), Consumer Defensive (17.1%). 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 $6.05B 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 9.34% and a beta of 0.56 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.51 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
2026-09-10	$59.89	$59.92	$59.17	$59.31	$59.31	45,925
2026-09-09	$60.24	$60.24	$59.79	$59.89	$59.89	29,425
2026-09-08	$60.67	$60.67	$60.26	$60.28	$60.28	38,448
2026-09-04	$60.75	$61.13	$60.75	$60.97	$60.97	27,900
2026-09-03	$60.48	$60.93	$60.48	$60.89	$60.89	25,411
2026-09-02	$60.17	$60.24	$60.02	$60.22	$60.22	37,073
2026-09-01	$60.20	$60.40	$59.85	$60.00	$60.00	54,509
2026-08-31	$60.36	$60.40	$60.10	$60.27	$60.27	56,528
2026-08-28	$60.73	$60.82	$60.33	$60.56	$60.56	22,811
2026-08-27	$60.76	$60.76	$60.33	$60.57	$60.57	36,035

#	Ticker	Name	Weight
1	GWO	Great-West Lifeco Inc.	4.38%
2	FTS	Fortis Inc	4.28%
3	QBR-B	Quebecor Inc	4.01%
4	H	Hydro One Ltd	3.91%
5	L	Loblaw Companies Limited	3.77%
6	EMP-A	Empire Company Limited	3.51%
7	EMA	Emera Inc.	3.50%
8	IFC	Intact Financial Corporation	3.30%
9	MRU	Metro Inc.	3.15%
10	X	TMX Group Limited	3.11%

Sector	Weight
Financial Services	27.06%
Utilities	17.20%
Consumer Defensive	17.08%
Consumer Cyclicals	8.92%
Communication Services	8.88%
Industrials	8.63%
Basic Materials	5.34%
Real Estate	3.97%
Energy	1.77%
Technology	1.14%
Healthcare	0.00%

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CIBC Investor's Edge

BMO Low Volatility Canadian Equity (ZLB : 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 — ZLB