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 $132.55 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: +20.80%, 1-year: +70.79%, 3-year annualised: +35.22%, 5-year annualised: +22.58%, 10-year annualised: +14.62%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.82, 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 0.18%, 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 HudBay Minerals Inc (HBM, 5.1%), Carpenter Technology Corporation (CRS, 3.6%), Luxfer Holdings PLC (LXFR, 3.4%), Amerigo Resources Ltd. (ARG, 3.3%), Kaiser Aluminum Corporation (KALU, 3.2%) — 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 (87.3%), Industrials (12.7%), 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 $89M 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 35.13% and a beta of 0.89 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.82 indicates moderate 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	$132.55	$132.55	$132.55	$132.55	$132.55	347
2026-08-19	$134.58	$134.58	$134.58	$134.58	$134.58	187
2026-08-18	$133.70	$133.70	$131.00	$131.24	$131.24	638
2026-08-17	$136.06	$136.06	$136.05	$136.05	$136.05	549
2026-08-14	$135.78	$135.78	$135.78	$135.78	$135.78	337
2026-08-13	$137.66	$137.66	$137.66	$137.66	$137.66	0
2026-08-12	$139.15	$139.15	$137.97	$137.97	$137.97	577
2026-08-11	$140.09	$140.21	$138.70	$138.85	$138.85	3,596
2026-08-10	$140.29	$140.29	$139.50	$139.96	$139.96	665
2026-08-07	$138.00	$139.30	$138.00	$139.30	$139.30	1,262

#	Ticker	Name	Weight
1	HBM	HudBay Minerals Inc	5.05%
2	CRS	Carpenter Technology Corporation	3.63%
3	LXFR	Luxfer Holdings PLC	3.35%
4	ARG	Amerigo Resources Ltd.	3.31%
5	KALU	Kaiser Aluminum Corporation	3.20%
6	NDM	Northern Dynasty Minerals Ltd	3.15%
7	ATI	Allegheny Technologies Incorporated	3.11%
8	CMP	Compass Minerals International Inc	3.06%
9	OM	Osisko Metals Incorporated	3.03%
10	NEXA	Nexa Resources SA	2.99%

Sector	Weight
Basic Materials	87.30%
Industrials	12.70%
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%

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CIBC Investor's Edge

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