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. It tracks the Morningstar Canada Natural Res NR CAD.

Question 2

What is the ZMT ETF price today?

Accepted Answer

ZMT last traded at $104.00 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: -5.22%, 1-year: +15.80%, 3-year annualised: +30.10%, 5-year annualised: +16.43%, 10-year annualised: +11.86%. 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 Talon Metals Corp (TLO, 2.9%), Osisko Metals Incorporated (OM, 2.6%), Marimaca Copper Corp (MARI, 2.5%), Amerigo Resources Ltd. (ARG, 2.6%), Altius Minerals Corporation (ALS, 2.6%) — 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 (92.4%), Industrials (11.7%), 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 $72M 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 35.48% and a beta of 0.91 (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
2026-10-22	$109.23	$109.23	$103.59	$104.00	$104.00	17,842
2026-10-21	$112.14	$112.40	$111.36	$112.15	$112.15	2,730
2026-10-20	$112.62	$113.00	$112.00	$112.70	$112.70	1,974
2026-10-19	$113.16	$113.16	$113.16	$113.16	$113.16	839
2026-10-16	$116.58	$116.58	$113.00	$113.43	$113.43	926
2026-10-15	$111.16	$113.44	$111.16	$113.44	$113.44	442
2026-10-14	$116.00	$116.00	$115.50	$115.50	$115.50	491
2026-10-13	$123.51	$123.51	$118.98	$118.98	$118.98	671
2026-10-09	$121.63	$123.74	$121.63	$123.44	$123.44	500
2026-10-08	$120.69	$120.69	$120.00	$120.00	$120.00	448

#	Ticker	Name	Weight
1	TLO	Talon Metals Corp	2.90%
2	OM	Osisko Metals Incorporated	2.60%
3	MARI	Marimaca Copper Corp	2.53%
4	ARG	Amerigo Resources Ltd.	2.60%
5	ALS	Altius Minerals Corporation	2.65%
6	IVN	Ivanhoe Mines Ltd.	2.55%
7	TKO	Taseko Mines Ltd	2.36%
8	NGEX	NGEx Minerals Ltd.	2.33%
9	LXFR	Luxfer Holdings PLC	2.51%
10	TMQ	Trilogy Metals Inc	2.52%

Sector	Weight
Basic Materials	92.41%
Industrials	11.68%
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%

Ticker	Name	Price	1D
SOXD		$18.09	+20.44%
CGMD		$6.95	+16.03%
GASD		$5.54	+12.37%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.75	+12.33%
SLVD	BetaPro Silver -2x Daily Bear ETF	$42.12	+11.75%
MSTZ		$1.97	+11.30%
CSUU		$12.05	+9.95%
QQQD		$7.28	+8.66%

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