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 $51.63 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: +16.63%, 1-year: +18.98%, 3-year annualised: +16.51%, 5-year annualised: +7.73%. 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 1.00%. 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 Corcept Therapeutics Incorporated (CORT, 0.6%), Glaukos Corp (GKOS, 0.6%), Paycom Software, Inc. (PAYC, 0.6%), Brinker International Inc (EAT, 0.5%), Match Group Inc (MTCH, 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 (17.8%), Industrials (15.3%), Technology (14.5%). 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 $190M 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 14.27% 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
2026-10-01	$51.09	$51.70	$51.09	$51.63	$51.63	3,409
2026-09-30	$51.45	$51.50	$51.33	$51.50	$51.50	1,188
2026-09-29	$51.47	$51.47	$51.47	$51.47	$51.47	134
2026-09-28	$52.20	$52.20	$51.80	$51.80	$51.80	304
2026-09-25	$52.09	$52.09	$52.09	$52.09	$52.09	116
2026-09-24	$52.16	$52.16	$51.75	$51.82	$51.82	1,706
2026-09-23	$51.83	$51.83	$51.83	$51.83	$51.83	269
2026-09-22	$52.42	$52.42	$52.33	$52.33	$52.33	524
2026-09-21	$52.05	$52.05	$52.05	$52.05	$52.05	225
2026-09-18	$52.11	$52.11	$51.62	$51.62	$51.62	292

#	Ticker	Name	Weight
1	CORT	Corcept Therapeutics Incorporated	0.60%
2	GKOS	Glaukos Corp	0.59%
3	PAYC	Paycom Software, Inc.	0.55%
4	EAT	Brinker International Inc	0.54%
5	MTCH	Match Group Inc	0.53%
6	JXN	Jackson Financial Inc	0.51%
7	VSAT	ViaSat Inc	0.51%
8	PTGX	Protagonist Therapeutics Inc	0.49%
9	KMX	CarMax Inc	0.48%
10	RHP	Ryman Hospitality Properties Inc	0.48%

Sector	Weight
Financial Services	17.82%
Industrials	15.33%
Technology	14.53%
Consumer Cyclicals	13.63%
Healthcare	11.02%
Real Estate	7.58%
Energy	6.04%
Basic Materials	4.61%
Consumer Defensive	4.45%
Communication Services	3.19%
Utilities	1.80%

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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

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Frequently Asked Questions — ZSML