Question 1

What is ZMT?

Accepted Answer

ZMT (BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)) is a Canadian-listed ETF trading on the TSX in the Natural Resources Equity category. It tracks the Morningstar Canada Natural Res NR CAD.

Question 2

What is the ZMT ETF price today?

Accepted Answer

ZMT last traded at $122.74 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZMT MER (management expense ratio)?

Accepted Answer

ZMT has a management expense ratio (MER) of 0% 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%, ZMT is considered a low-cost ETF.

Question 4

What are ZMT annualised returns?

Accepted Answer

ZMT historical returns: YTD: +11.86%, 1-year: +92.91%, 3-year annualised: +37.50%, 5-year annualised: +19.47%, 10-year annualised: +17.10%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.29, which measures risk-adjusted return.

Question 5

Does ZMT pay dividends or distributions?

Accepted Answer

Yes, ZMT distributes income to unitholders. The current distribution yield is approximately 0.17%, paid annually. 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 ZMT invest in?

Accepted Answer

ZMT's top holdings include Northern Dynasty Minerals Ltd (NDM, 3.4%), Kaiser Aluminum Corporation (KALU, 3.4%), Luxfer Holdings PLC (LXFR, 3.3%), Constellium Nv (CSTM, 3.1%), Carpenter Technology Corporation (CRS, 3.1%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada Natural Res NR CAD.

Question 7

What sectors does ZMT invest in?

Accepted Answer

ZMT's largest sector exposures are Basic Materials (90.0%), Industrials (10.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZMT? (Assets under management)

Accepted Answer

ZMT has approximately $85M 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 ZMT launched?

Accepted Answer

ZMT was launched on October 20, 2009, giving it a 17-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 ZMT in Canada?

Accepted Answer

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

Accepted Answer

ZMT has a 1-year volatility of 29.13% and a beta of 0.90 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.29 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
2026-07-13	$125.60	$125.60	$121.95	$122.74	$122.74	7,871
2026-07-10	$124.82	$125.05	$124.55	$125.05	$125.05	1,989
2026-07-09	$123.90	$125.26	$123.90	$125.26	$125.26	1,139
2026-07-08	$123.18	$123.18	$123.18	$123.18	$123.18	0
2026-07-07	$123.58	$123.58	$122.47	$123.18	$123.18	5,848
2026-07-06	$130.81	$130.81	$129.56	$129.56	$129.56	1,269
2026-07-03	$127.87	$127.87	$127.87	$127.87	$127.87	0
2026-07-02	$131.80	$131.80	$126.90	$127.87	$127.87	15,796
2026-06-30	$130.15	$130.15	$130.15	$130.15	$130.15	200
2026-06-29	$126.37	$128.00	$125.56	$127.62	$127.62	1,580

#	Ticker	Name	Weight
1	NDM	Northern Dynasty Minerals Ltd	3.41%
2	KALU	Kaiser Aluminum Corporation	3.35%
3	LXFR	Luxfer Holdings PLC	3.33%
4	CSTM	Constellium Nv	3.13%
5	CRS	Carpenter Technology Corporation	3.09%
6	ATI	Allegheny Technologies Incorporated	2.84%
7	CMP	Compass Minerals International Inc	2.84%
8	TECK-B	Teck Resources Limited	2.80%
9	OM	Osisko Metals Incorporated	2.78%
10	AA	Alcoa Corp	2.77%

Sector	Weight
Basic Materials	89.99%
Industrials	10.01%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT : TSX)

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Price Chart (30 Days)

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Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

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