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 $121.10 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: +10.36%, 1-year: +52.90%, 3-year annualised: +25.76%, 5-year annualised: +16.55%, 10-year annualised: +13.41%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.00, 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 HudBay Minerals Inc (HBM, 5.0%), Kaiser Aluminum Corporation (KALU, 3.7%), Carpenter Technology Corporation (CRS, 3.7%), Luxfer Holdings PLC (LXFR, 3.5%), Northern Dynasty Minerals Ltd (NDM, 3.4%) — 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 (87.6%), Industrials (12.4%), 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 $75M 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 33.65% and a beta of 0.90 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.00 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	$121.10	$121.10	$121.10	$121.10	$121.10	621
2026-07-30	$118.06	$118.06	$118.06	$118.06	$118.06	0
2026-07-29	$119.70	$119.70	$117.00	$118.48	$118.48	1,307
2026-07-28	$123.72	$123.72	$123.72	$123.72	$123.72	0
2026-07-27	$124.48	$124.48	$122.38	$123.59	$123.59	3,708
2026-07-24	$123.68	$125.27	$123.44	$123.44	$123.44	708
2026-07-23	$126.49	$126.49	$125.76	$125.76	$125.76	508
2026-07-22	$128.04	$128.28	$126.95	$126.95	$126.95	501
2026-07-21	$118.58	$118.58	$118.58	$118.58	$118.58	0
2026-07-20	$117.56	$118.20	$117.56	$118.19	$118.19	1,656

#	Ticker	Name	Weight
1	HBM	HudBay Minerals Inc	4.97%
2	KALU	Kaiser Aluminum Corporation	3.73%
3	CRS	Carpenter Technology Corporation	3.73%
4	LXFR	Luxfer Holdings PLC	3.52%
5	NDM	Northern Dynasty Minerals Ltd	3.43%
6	OM	Osisko Metals Incorporated	3.24%
7	ALS	Altius Minerals Corporation	3.16%
8	CMP	Compass Minerals International Inc	3.10%
9	ATI	Allegheny Technologies Incorporated	3.07%
10	CSTM	Constellium Nv	3.01%

Sector	Weight
Basic Materials	87.65%
Industrials	12.35%
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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BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

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