Question 1

What is ZRE?

Accepted Answer

ZRE (BMO Equal Weight REITs) 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 $24.20 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: +9.26%, 1-year: +14.58%, 3-year annualised: +9.93%, 5-year annualised: +3.87%, 10-year annualised: +7.26%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.43, 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 4.39%, 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 RioCan Real Estate Investment Trust (REI-UN, 5.4%), First Capital Real Estate Investment Trust (FCR-UN, 5.4%), Allied Properties Real Estate Investment Trust (AP-UN, 5.4%), Dream Industrial Real Estate Investment Trust (DIR-UN, 5.3%), Granite Real Estate Investment Trust (GRT-UN, 5.3%) — 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 $644M 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 11.09% and a beta of 0.87 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.43 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
2026-06-22	$24.22	$24.29	$24.12	$24.20	$24.20	12,805
2026-06-19	$24.21	$24.38	$24.16	$24.33	$24.33	13,550
2026-06-18	$24.15	$24.31	$24.10	$24.30	$24.30	22,646
2026-06-17	$24.17	$24.33	$24.02	$24.06	$24.06	13,496
2026-06-16	$24.21	$24.37	$24.21	$24.26	$24.26	12,867
2026-06-15	$24.38	$24.48	$24.18	$24.22	$24.22	23,447
2026-06-12	$24.22	$24.45	$24.22	$24.38	$24.38	16,331
2026-06-11	$23.96	$24.20	$23.90	$24.16	$24.16	40,871
2026-06-10	$24.11	$24.25	$23.94	$23.96	$23.96	78,529
2026-06-09	$23.85	$24.20	$23.85	$24.14	$24.14	57,409

#	Ticker	Name	Weight
1	REI-UN	RioCan Real Estate Investment Trust	5.41%
2	FCR-UN	First Capital Real Estate Investment Trust	5.38%
3	AP-UN	Allied Properties Real Estate Investment Trust	5.37%
4	DIR-UN	Dream Industrial Real Estate Investment Trust	5.33%
5	GRT-UN	Granite Real Estate Investment Trust	5.29%
6	PMZ-UN	Primaris Retail R.E. Invest. Tr. Units	5.25%
7	KMP-UN	Killam Apartment Real Estate Investment Trust	5.25%
8	CRR-UN	Crombie Real Estate Investment Trust	5.15%
9	CRT-UN	CT Real Estate Investment Trust	5.12%
10	SRU-UN	SmartCentres Real Estate Investment Trust	5.11%

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%

BMO Equal Weight REITs (ZRE : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

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