Question 1

What is ZPL?

Accepted Answer

ZPL (BMO Long Provincial Bond) is a Canadian-listed ETF trading on the TSX in the Canadian Long Term Fixed Income category. It tracks the Morningstar Can 10+Y Core Bd GR CAD.

Question 2

What is the ZPL ETF price today?

Accepted Answer

ZPL last traded at $11.39 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZPL MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZPL annualised returns?

Accepted Answer

ZPL historical returns: YTD: -4.00%, 1-year: -3.09%, 3-year annualised: +3.14%, 5-year annualised: -3.50%, 10-year annualised: -0.32%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -0.09, which measures risk-adjusted return.

Question 5

Does ZPL pay dividends or distributions?

Accepted Answer

Yes, ZPL distributes income to unitholders. The current distribution yield is approximately 3.70%, 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 ZPL invest in?

Accepted Answer

ZPL's top holdings include Ontario (Province Of) 4.7% (null, 5.7%), Quebec (Province Of) 3.5% (null, 4.3%), Quebec (Province Of) (null, 4.0%), Ontario (Province Of) 2.65% (null, 3.9%), Ontario (Province Of) 3.45% (null, 3.9%) — and 3 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can 10+Y Core Bd GR CAD.

Question 7

What sectors does ZPL invest in?

Accepted Answer

ZPL's largest sector exposures are Energy (0.0%), Utilities (0.0%), Healthcare (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZPL? (Assets under management)

Accepted Answer

ZPL has approximately $293M 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 ZPL launched?

Accepted Answer

ZPL was launched on March 19, 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 ZPL in Canada?

Accepted Answer

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

Accepted Answer

ZPL has a 1-year volatility of 8.81% and a beta of 1.04 (roughly in line with the broad market). Its 3-year Sharpe ratio of -0.09 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
2026-09-24	$11.39	$11.39	$11.39	$11.39	$11.39	2,245
2026-09-23	$11.52	$11.52	$11.43	$11.43	$11.43	7,020
2026-09-22	$11.58	$11.61	$11.56	$11.61	$11.61	5,536
2026-09-21	$11.57	$11.58	$11.56	$11.56	$11.56	4,672
2026-09-17	$11.50	$11.55	$11.49	$11.55	$11.55	25,223
2026-09-16	$11.42	$11.45	$11.38	$11.38	$11.38	4,390
2026-09-15	$11.32	$11.36	$11.32	$11.36	$11.36	73,543
2026-09-14	$11.37	$11.39	$11.35	$11.36	$11.36	7,114
2026-09-11	$11.37	$11.37	$11.34	$11.34	$11.34	4,874
2026-09-10	$11.38	$11.38	$11.35	$11.35	$11.35	2,901

#	Name	Weight
1	Ontario (Province Of) 4.7%	5.73%
2	Quebec (Province Of) 3.5%	4.30%
3	Quebec (Province Of)	4.05%
4	Ontario (Province Of) 2.65%	3.92%
5	Ontario (Province Of) 3.45%	3.87%
6	Ontario (Province Of) 3.5%	3.81%
7	Ontario (Province Of) 2.9%	3.70%
8	Ontario (Province Of) 4.65%	3.68%

Sector	Weight
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	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 Long Provincial Bond (ZPL : 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 — ZPL