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 $51.38 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: +16.06%, 1-year: +16.65%, 3-year annualised: +16.30%, 5-year annualised: +8.06%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.73, 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 1.09%. 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%), Match Group Inc (MTCH, 0.6%), Qorvo Inc (QRVO, 0.6%), Glaukos Corp (GKOS, 0.6%), Protagonist Therapeutics Inc (PTGX, 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%), Technology (16.0%), Industrials (15.7%). 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 15.18% and a beta of 1.24 (more volatile than the broad market). Its 3-year Sharpe ratio of 0.73 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
2026-10-22	$51.38	$51.38	$51.38	$51.38	$51.38	175
2026-10-21	$51.47	$51.47	$51.24	$51.24	$51.24	2,201
2026-10-20	$50.81	$50.81	$50.81	$50.81	$50.81	0
2026-10-19	$51.00	$51.00	$50.96	$50.96	$50.96	954
2026-10-16	$51.22	$51.22	$51.22	$51.22	$51.22	299
2026-10-15	$51.54	$51.62	$51.54	$51.62	$51.62	912
2026-10-14	$51.45	$51.47	$50.98	$51.09	$51.09	5,180
2026-10-13	$52.11	$52.11	$51.69	$51.82	$51.82	1,066
2026-10-09	$51.79	$51.79	$51.79	$51.79	$51.79	0
2026-10-08	$51.57	$51.80	$51.57	$51.79	$51.79	891

#	Ticker	Name	Weight
1	VSAT	ViaSat Inc	0.61%
2	MTCH	Match Group Inc	0.55%
3	QRVO	Qorvo Inc	0.55%
4	GKOS	Glaukos Corp	0.56%
5	PTGX	Protagonist Therapeutics Inc	0.54%
6	FORM	FormFactor Inc	0.51%
7	PAYC	Paycom Software, Inc.	0.49%
8	RHP	Ryman Hospitality Properties Inc	0.50%
9	SM	SM Energy Co	0.47%
10	JXN	Jackson Financial Inc	0.49%

Sector	Weight
Financial Services	17.60%
Technology	15.95%
Industrials	15.72%
Consumer Cyclicals	12.25%
Healthcare	11.00%
Real Estate	7.41%
Energy	6.31%
Consumer Defensive	4.58%
Basic Materials	4.32%
Communication Services	3.59%
Utilities	1.83%

Ticker	Name	Price	1D
SOXD		$18.09	+20.44%
CGMD		$6.95	+16.03%
GASD		$5.54	+12.37%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.75	+12.33%
SLVD	BetaPro Silver -2x Daily Bear ETF	$42.12	+11.75%
MSTZ		$1.97	+11.30%
CSUU		$12.05	+9.95%
QQQD		$7.28	+8.66%

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