Question 1

What is ZMMK?

Accepted Answer

ZMMK — BMO Money Market Fund ETF Series — is a Canadian-listed ETF trading on the TSX. BMO Money Market ETF seeks to provide income and liquidity consistent with short-term money market rates while preserving capital by investing primarily in Canadian dollar-denominated money market securities and other instruments.

Question 2

What is the ZMMK ETF price today?

Accepted Answer

ZMMK last traded at $49.84 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZMMK MER (management expense ratio)?

Accepted Answer

ZMMK has a management expense ratio (MER) of 0.12% 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 0.12%, ZMMK is considered a low-cost ETF.

Question 4

What are ZMMK annualised returns?

Accepted Answer

ZMMK historical returns: YTD: +0.02%, 1-year: +2.46%, 3-year annualised: +3.73%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 3.10, which measures risk-adjusted return.

Question 5

Does ZMMK pay dividends or distributions?

Accepted Answer

Yes, ZMMK distributes income to unitholders. The current distribution yield is approximately 3.12%, paid monthly. 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 sectors does ZMMK invest in?

Accepted Answer

ZMMK's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is ZMMK? (Assets under management)

Accepted Answer

ZMMK has approximately $5.80B 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 8

When was ZMMK launched?

Accepted Answer

ZMMK was launched on November 29, 2021, giving it a 5-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 9

How do I buy ZMMK in Canada?

Accepted Answer

ZMMK trades on the TSX under the ticker ZMMK. 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 10

How risky is ZMMK?

Accepted Answer

ZMMK has a 1-year volatility of 0.05% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 3.10 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	$49.84	$49.84	$49.83	$49.84	$49.84	264,100
2026-07-30	$49.83	$49.83	$49.82	$49.83	$49.83	376,769
2026-07-29	$49.91	$49.92	$49.91	$49.91	$49.91	402,288
2026-07-28	$49.91	$49.92	$49.91	$49.91	$49.91	166,228
2026-07-27	$49.91	$49.92	$49.91	$49.91	$49.91	269,321
2026-07-24	$49.90	$49.91	$49.90	$49.90	$49.90	162,952
2026-07-23	$49.90	$49.90	$49.89	$49.90	$49.90	224,117
2026-07-22	$49.90	$49.90	$49.89	$49.90	$49.90	141,893
2026-07-21	$49.90	$49.90	$49.89	$49.89	$49.89	158,878
2026-07-20	$49.89	$49.89	$49.88	$49.88	$49.88	157,177

Sector	Weight
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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MSFH-U	Harvest Microsoft Enhanced High Income Shares ETF	$9.48	+12.46%
PINV	Purpose Global Innovators Fund ETF	$31.26	+12.08%

BMO Money Market Fund ETF Series (ZMMK : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Sector Weights

About BMO Money Market Fund ETF Series

ETF Details

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Frequently Asked Questions — ZMMK