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 $61.84 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: +6.69%, 1-year: +17.54%, 3-year annualised: +17.30%, 5-year annualised: +12.24%, 10-year annualised: +10.89%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.44, 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 1.82%, 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 Fortis Inc (FTS, 4.4%), Great-West Lifeco Inc. (GWO, 4.3%), Quebecor Inc (QBR-B, 4.1%), Hydro One Ltd (H, 4.0%), Loblaw Companies Limited (L, 3.9%) — 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 (26.3%), Utilities (17.5%), Consumer Defensive (17.4%). 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 $6.33B 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 8.51% and a beta of 0.59 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.44 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	$61.91	$62.33	$61.84	$61.84	$61.84	42,031
2026-07-30	$62.30	$62.51	$61.80	$62.17	$62.17	37,144
2026-07-29	$62.80	$62.80	$62.35	$62.40	$62.40	30,571
2026-07-28	$62.43	$63.17	$62.43	$63.02	$63.02	37,087
2026-07-27	$62.07	$62.42	$62.07	$62.37	$62.37	71,310
2026-07-24	$61.61	$62.00	$61.60	$61.95	$61.95	40,505
2026-07-23	$61.77	$61.77	$61.31	$61.45	$61.45	37,943
2026-07-22	$61.98	$62.32	$61.81	$61.90	$61.90	65,321
2026-07-21	$61.95	$62.00	$61.65	$61.90	$61.90	96,046
2026-07-20	$62.39	$62.69	$62.03	$62.05	$62.05	42,404

#	Ticker	Name	Weight
1	FTS	Fortis Inc	4.44%
2	GWO	Great-West Lifeco Inc.	4.32%
3	QBR-B	Quebecor Inc	4.13%
4	H	Hydro One Ltd	4.02%
5	L	Loblaw Companies Limited	3.92%
6	EMA	Emera Inc.	3.70%
7	EMP-A	Empire Company Limited	3.52%
8	IFC	Intact Financial Corporation	3.52%
9	MRU	Metro Inc.	3.17%
10	CCL	CCL Industries Inc Registered Shs -B- Non Vtg	3.05%

Sector	Weight
Financial Services	26.29%
Utilities	17.53%
Consumer Defensive	17.44%
Communication Services	9.41%
Industrials	8.57%
Consumer Cyclicals	8.46%
Basic Materials	5.13%
Real Estate	4.16%
Energy	1.96%
Technology	1.06%
Healthcare	0.00%

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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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