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 $54.32 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: +22.70%, 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 0.95%. 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, 0.8%), Viavi Solutions Inc (VIAV, 0.6%), Molina Healthcare Inc (MOH, 0.6%), 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 (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 1.22 (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
2026-07-13	$55.44	$55.44	$54.32	$54.32	$54.32	957
2026-07-10	$54.70	$54.70	$54.48	$54.61	$54.61	1,271
2026-07-09	$53.83	$54.76	$53.83	$54.72	$54.72	2,566
2026-07-08	$54.04	$54.12	$53.83	$53.83	$53.83	1,546
2026-07-07	$55.30	$55.30	$54.67	$54.73	$54.73	4,109
2026-07-06	$55.71	$55.71	$55.30	$55.30	$55.30	2,156
2026-07-03	$55.34	$56.48	$55.31	$55.35	$55.35	7,800
2026-07-02	$55.74	$55.74	$54.65	$55.10	$55.10	3,151
2026-06-30	$55.50	$55.88	$55.50	$55.77	$55.77	1,500
2026-06-29	$56.52	$56.52	$55.13	$55.34	$55.34	1,130

#	Ticker	Name	Weight
1	SMTC	Semtech Corporation	0.85%
2	SANM	Sanmina Corporation	0.77%
3	VIAV	Viavi Solutions Inc	0.63%
4	MOH	Molina Healthcare Inc	0.61%
5	ESI	Element Solutions Inc	0.55%
6	FORM	FormFactor Inc	0.55%
7	BTSG	BrightSpring Health Services, Inc. Common Stock	0.52%
8	VSAT	ViaSat Inc	0.51%
9	SNEX	Stonex Group Inc	0.50%
10	AGX	Argan Inc	0.50%

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