Question 1

What is ZRE?

Accepted Answer

ZRE (BMO Equal Weight REITs Index ETF) is a Canadian-listed ETF trading on the TSX in the Real Estate Equity category. It tracks the Morningstar DM REIT NR CAD.

Question 2

What is the ZRE ETF price today?

Accepted Answer

ZRE last traded at $23.66 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZRE MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZRE annualised returns?

Accepted Answer

ZRE historical returns: YTD: +6.82%, 1-year: +11.15%, 3-year annualised: +9.76%, 5-year annualised: +2.27%, 10-year annualised: +6.77%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.46, which measures risk-adjusted return.

Question 5

Does ZRE pay dividends or distributions?

Accepted Answer

Yes, ZRE distributes income to unitholders. The current distribution yield is approximately 4.26%, 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 ZRE invest in?

Accepted Answer

ZRE's top holdings include Primaris Retail R.E. Invest. Tr. Units (PMZ-UN, 6.3%), RioCan Real Estate Investment Trust (REI-UN, 5.7%), Dream Industrial Real Estate Investment Trust (DIR-UN, 5.6%), Killam Apartment Real Estate Investment Trust (KMP-UN, 5.5%), Granite Real Estate Investment Trust (GRT-UN, 5.5%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar DM REIT NR CAD.

Question 7

What sectors does ZRE invest in?

Accepted Answer

ZRE's largest sector exposures are Real Estate (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZRE? (Assets under management)

Accepted Answer

ZRE has approximately $616M 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 ZRE launched?

Accepted Answer

ZRE was launched on May 19, 2010, giving it a 16-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 ZRE in Canada?

Accepted Answer

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

Accepted Answer

ZRE has a 1-year volatility of 11.05% and a beta of 0.86 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.46 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
2026-08-20	$23.72	$23.75	$23.64	$23.66	$23.66	13,742
2026-08-19	$23.61	$23.72	$23.54	$23.69	$23.69	12,640
2026-08-18	$23.67	$23.67	$23.55	$23.55	$23.55	11,315
2026-08-17	$23.75	$23.75	$23.54	$23.58	$23.58	26,324
2026-08-14	$23.80	$23.82	$23.69	$23.74	$23.74	9,929
2026-08-13	$23.73	$23.81	$23.73	$23.79	$23.79	25,165
2026-08-12	$23.61	$23.67	$23.50	$23.67	$23.67	16,756
2026-08-11	$23.65	$23.74	$23.60	$23.61	$23.61	99,218
2026-08-10	$24.03	$24.03	$23.67	$23.73	$23.73	20,711
2026-08-07	$23.96	$24.11	$23.88	$24.10	$24.10	20,690

#	Ticker	Name	Weight
1	PMZ-UN	Primaris Retail R.E. Invest. Tr. Units	6.35%
2	REI-UN	RioCan Real Estate Investment Trust	5.70%
3	DIR-UN	Dream Industrial Real Estate Investment Trust	5.64%
4	KMP-UN	Killam Apartment Real Estate Investment Trust	5.51%
5	GRT-UN	Granite Real Estate Investment Trust	5.47%
6	AP-UN	Allied Properties Real Estate Investment Trust	5.45%
7	SGR-UN	Slate Grocery REIT	5.45%
8	SRU-UN	SmartCentres Real Estate Investment Trust	5.38%
9	CRT-UN	CT Real Estate Investment Trust	5.34%
10	CRR-UN	Crombie Real Estate Investment Trust	5.34%

Sector	Weight
Real Estate	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	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 Equal Weight REITs Index ETF (ZRE : 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 — ZRE