Question 1

What is ZSML?

Accepted Answer

ZSML — BMO S&P US Small Cap Index ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZSML ETF price today?

Accepted Answer

ZSML last traded at $54.12 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZSML MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZSML annualised returns?

Accepted Answer

ZSML historical returns: YTD: +22.25%, 1-year: +30.14%, 3-year annualised: +16.52%, 5-year annualised: +9.27%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.67, which measures risk-adjusted return.

Question 5

Does ZSML pay dividends or distributions?

Accepted Answer

Yes, ZSML distributes income to unitholders. The current distribution yield is approximately 0.98%. 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 ZSML invest in?

Accepted Answer

ZSML's top holdings include ViaSat Inc (VSAT, 0.6%), Glaukos Corp (GKOS, 0.5%), Match Group Inc (MTCH, 0.5%), FormFactor Inc (FORM, 0.5%), Element Solutions Inc (ESI, 0.5%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar US SMID Mkt TR CAD.

Question 7

What sectors does ZSML invest in?

Accepted Answer

ZSML's largest sector exposures are Financial Services (17.6%), Industrials (15.4%), Technology (14.7%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZSML? (Assets under management)

Accepted Answer

ZSML has approximately $192M 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 ZSML launched?

Accepted Answer

ZSML was launched on January 28, 2020, giving it a 6-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 ZSML in Canada?

Accepted Answer

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

Accepted Answer

ZSML has a 1-year volatility of 14.20% and a beta of 1.22 (more volatile than the broad market). Its 3-year Sharpe ratio of 0.67 indicates moderate 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	$54.12	$54.12	$54.12	$54.12	$54.12	0
2026-08-19	$54.45	$54.50	$54.11	$54.19	$54.19	2,213
2026-08-18	$54.54	$54.54	$54.38	$54.38	$54.38	553
2026-08-17	$55.15	$55.15	$55.15	$55.15	$55.15	1,073
2026-08-14	$55.25	$55.25	$55.25	$55.25	$55.25	0
2026-08-13	$55.21	$55.21	$55.21	$55.21	$55.21	208
2026-08-12	$54.47	$55.10	$54.47	$55.09	$55.09	2,135
2026-08-11	$54.83	$54.83	$54.74	$54.74	$54.74	318
2026-08-10	$55.10	$55.10	$54.72	$54.72	$54.72	1,680
2026-08-07	$55.05	$55.05	$55.05	$55.05	$55.05	253

#	Ticker	Name	Weight
1	VSAT	ViaSat Inc	0.56%
2	GKOS	Glaukos Corp	0.50%
3	MTCH	Match Group Inc	0.49%
4	FORM	FormFactor Inc	0.49%
5	ESI	Element Solutions Inc	0.49%
6	ALKS	Alkermes Plc	0.49%
7	KRYS	Krystal Biotech Inc	0.48%
8	CORT	Corcept Therapeutics Incorporated	0.48%
9	JXN	Jackson Financial Inc	0.48%
10	ESE	ESCO Technologies Inc	0.47%

Sector	Weight
Financial Services	17.60%
Industrials	15.42%
Technology	14.66%
Consumer Cyclicals	13.36%
Healthcare	11.88%
Real Estate	7.86%
Energy	5.57%
Basic Materials	4.44%
Consumer Defensive	4.26%
Communication Services	3.10%
Utilities	1.84%

Ticker	Name	Price	1D
QETH-U		$34.97	+23.70%
ETHQ-U		$8.92	+21.53%
COIU		$4.79	+15.98%
XRPP-U	Purpose XRP ETF USD ETF Currency Non-Hedged Units	$5.59	+15.98%
XRPP-B	Purpose Investments Inc - Purpose XRP ETF	$5.64	+15.57%
XRPQ		$7.66	+15.36%
XRPP		$5.38	+15.34%
MSTU		$4.76	+15.25%

CIBC Investor's Edge

BMO S&P US Small Cap Index ETF (ZSML : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO S&P US Small Cap Index ETF

ETF Details

7 stocks to buy and hold forever

Compare ZSML

Explore More

Compare ZSML vs Similar ETFs

Frequently Asked Questions — ZSML