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 $53.94 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: +21.84%, 1-year: +37.79%, 3-year annualised: +16.59%, 5-year annualised: +8.99%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.75, 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 1.03%. 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 Semtech Corporation (SMTC, 0.8%), Sanmina Corporation (SANM, 0.7%), Viavi Solutions Inc (VIAV, 0.7%), ViaSat Inc (VSAT, 0.6%), Molina Healthcare Inc (MOH, 0.6%) — 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 (16.8%), Technology (16.6%), Industrials (15.4%). 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 $130M 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 10.08% and a beta of 1.19 (more volatile than the broad market). Its 3-year Sharpe ratio of 0.75 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
2026-06-22	$53.16	$54.05	$53.16	$53.94	$53.94	4,305
2026-06-19	$53.92	$53.98	$53.92	$53.94	$53.94	448
2026-06-18	$53.50	$53.80	$53.50	$53.80	$53.80	662
2026-06-17	$53.47	$53.50	$52.73	$52.83	$52.83	2,282
2026-06-16	$52.99	$53.73	$52.97	$52.97	$52.97	623
2026-06-15	$53.40	$53.40	$53.28	$53.28	$53.28	349
2026-06-12	$53.17	$53.32	$53.17	$53.32	$53.32	357
2026-06-11	$52.58	$52.58	$52.58	$52.58	$52.58	188
2026-06-10	$52.00	$52.00	$52.00	$52.00	$52.00	272
2026-06-09	$51.48	$51.48	$51.48	$51.48	$51.48	201

#	Ticker	Name	Weight
1	SMTC	Semtech Corporation	0.77%
2	SANM	Sanmina Corporation	0.74%
3	VIAV	Viavi Solutions Inc	0.69%
4	VSAT	ViaSat Inc	0.59%
5	MOH	Molina Healthcare Inc	0.58%
6	FORM	FormFactor Inc	0.56%
7	ESI	Element Solutions Inc	0.55%
8	AGX	Argan Inc	0.55%
9	LUMN	Lumen Technologies Inc	0.53%
10	MTCH	Match Group Inc	0.51%

Sector	Weight
Financial Services	16.83%
Technology	16.59%
Industrials	15.38%
Consumer Cyclicals	12.52%
Healthcare	11.22%
Real Estate	7.70%
Energy	5.77%
Basic Materials	5.06%
Communication Services	3.53%
Consumer Defensive	3.47%
Utilities	1.92%

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

CIBC Investor's Edge

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

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Frequently Asked Questions — ZSML