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 $123.07 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: +12.16%, 1-year: +45.89%, 3-year annualised: +34.87%, 5-year annualised: +21.21%, 10-year annualised: +14.02%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.07, 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 0.16%, 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, 5.7%), China Gold International Resources (CGG, 3.3%), Amerigo Resources Ltd. (ARG, 3.2%), Luxfer Holdings PLC (LXFR, 3.2%), Altius Minerals Corporation (ALS, 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 (88.8%), Industrials (11.2%), Energy (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 $82M 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 36.01% and a beta of 0.89 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.07 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
2026-10-01	$121.38	$123.07	$121.38	$123.07	$123.07	520
2026-09-30	$125.27	$125.27	$125.27	$125.27	$125.27	491
2026-09-29	$125.93	$125.93	$125.93	$125.93	$125.93	0
2026-09-28	$126.00	$126.00	$125.50	$125.50	$125.50	448
2026-09-25	$129.60	$129.60	$129.60	$129.60	$129.60	102
2026-09-24	$128.49	$128.67	$128.49	$128.67	$128.67	1,035
2026-09-23	$133.29	$133.29	$133.29	$133.29	$133.29	277
2026-09-22	$131.98	$134.87	$131.98	$134.87	$134.87	2,240
2026-09-21	$129.36	$129.36	$129.36	$129.36	$129.36	0
2026-09-18	$128.92	$128.92	$128.92	$128.92	$128.92	0

#	Ticker	Name	Weight
1	HBM	HudBay Minerals Inc	5.66%
2	CGG	China Gold International Resources	3.28%
3	ARG	Amerigo Resources Ltd.	3.23%
4	LXFR	Luxfer Holdings PLC	3.15%
5	ALS	Altius Minerals Corporation	3.08%
6	CS	Capstone Mining Corp	3.08%
7	FM	First Quantum Minerals Ltd	3.02%
8	OM	Osisko Metals Incorporated	3.00%
9	ATI	Allegheny Technologies Incorporated	2.98%
10	TECK-B	Teck Resources Limited	2.97%

Sector	Weight
Basic Materials	88.79%
Industrials	11.21%
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Real Estate	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	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