Question 1

What is ZMU?

Accepted Answer

ZMU (BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF) is a Canadian-listed ETF trading on the TSX in the Global Corporate Fixed Income category. It tracks the Morningstar Gbl Corp Bd GR CAD.

Question 2

What is the ZMU ETF price today?

Accepted Answer

ZMU last traded at $12.08 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZMU MER (management expense ratio)?

Accepted Answer

ZMU 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%, ZMU is considered a low-cost ETF.

Question 4

What are ZMU annualised returns?

Accepted Answer

ZMU historical returns: YTD: -6.07%, 1-year: -3.12%, 3-year annualised: +4.00%, 5-year annualised: -0.86%, 10-year annualised: +1.43%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.11, which measures risk-adjusted return.

Question 5

Does ZMU pay dividends or distributions?

Accepted Answer

Yes, ZMU distributes income to unitholders. The current distribution yield is approximately 4.65%, paid monthly. 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 ZMU invest in?

Accepted Answer

ZMU's top holdings include BMO Mid-Term US IG Corporate Bond Index ETF (CAD) (ZIC, 100.0%). See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Corp Bd GR CAD.

Question 7

What sectors does ZMU invest in?

Accepted Answer

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

Question 8

How large is ZMU? (Assets under management)

Accepted Answer

ZMU has approximately $3.54B 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 ZMU launched?

Accepted Answer

ZMU was launched on March 20, 2013, giving it a 13-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 ZMU in Canada?

Accepted Answer

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

Accepted Answer

ZMU has a 1-year volatility of 3.42% and a beta of 0.75 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.11 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-11	$12.12	$12.12	$12.08	$12.08	$12.08	617
2026-09-10	$12.18	$12.18	$12.07	$12.07	$12.07	48,916
2026-09-09	$12.18	$12.19	$12.18	$12.18	$12.18	6,650
2026-09-08	$12.21	$12.21	$12.20	$12.21	$12.21	3,297
2026-09-04	$12.22	$12.22	$12.21	$12.21	$12.21	500
2026-09-03	$12.23	$12.24	$12.22	$12.23	$12.23	3,314
2026-09-02	$12.19	$12.22	$12.19	$12.22	$12.22	5,131
2026-09-01	$12.24	$12.24	$12.21	$12.21	$12.21	12,433
2026-08-31	$12.36	$12.36	$12.24	$12.24	$12.24	15,154
2026-08-28	$12.29	$12.29	$12.25	$12.27	$12.27	48,700

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

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CIBC Investor's Edge

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU : 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 — ZMU