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 $60.78 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: +4.87%, 1-year: +12.78%, 3-year annualised: +17.60%, 5-year annualised: +11.19%, 10-year annualised: +10.62%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.50, 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 1.81%, 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, 4.5%), Great-West Lifeco Inc. (GWO, 4.4%), Quebecor Inc (QBR-B, 4.1%), Hydro One Ltd (H, 4.1%), 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 (26.8%), Utilities (17.9%), Consumer Defensive (17.2%). 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 $6.19B 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 8.56% and a beta of 0.60 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.50 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
2026-08-20	$60.94	$61.20	$60.62	$60.78	$60.78	52,489
2026-08-19	$61.25	$61.42	$61.10	$61.15	$61.15	22,959
2026-08-18	$61.38	$61.52	$61.08	$61.08	$61.08	39,871
2026-08-17	$61.64	$61.64	$61.21	$61.25	$61.25	56,474
2026-08-14	$61.81	$61.99	$61.55	$61.73	$61.73	25,561
2026-08-13	$61.70	$61.92	$61.42	$61.74	$61.74	18,993
2026-08-12	$61.44	$61.66	$61.30	$61.61	$61.61	35,797
2026-08-11	$61.40	$61.63	$61.40	$61.44	$61.44	80,019
2026-08-10	$61.47	$61.47	$61.12	$61.32	$61.32	64,591
2026-08-07	$61.69	$61.90	$61.50	$61.75	$61.75	42,792

#	Ticker	Name	Weight
1	FTS	Fortis Inc	4.47%
2	GWO	Great-West Lifeco Inc.	4.39%
3	QBR-B	Quebecor Inc	4.10%
4	H	Hydro One Ltd	4.08%
5	L	Loblaw Companies Limited	3.92%
6	EMA	Emera Inc.	3.75%
7	EMP-A	Empire Company Limited	3.52%
8	IFC	Intact Financial Corporation	3.47%
9	MRU	Metro Inc.	3.22%
10	CU	Canadian Utilities Limited	3.12%

Sector	Weight
Financial Services	26.77%
Utilities	17.94%
Consumer Defensive	17.19%
Industrials	8.77%
Communication Services	8.71%
Consumer Cyclicals	8.70%
Basic Materials	4.77%
Real Estate	4.17%
Energy	1.97%
Technology	1.01%
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