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 $53.77 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: +21.46%, 1-year: +32.05%, 3-year annualised: +15.15%, 5-year annualised: +9.31%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.81, 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 FormFactor Inc (FORM, 0.7%), ViaSat Inc (VSAT, 0.7%), Molina Healthcare Inc (MOH, 0.6%), Argan Inc (AGX, 0.6%), BrightSpring Health Services, Inc. Common Stock (BTSG, 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 (17.4%), Industrials (15.7%), Technology (15.2%). 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 $197M 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 12.80% and a beta of 1.22 (more volatile than the broad market). Its 3-year Sharpe ratio of 0.81 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
2026-07-31	$53.93	$53.93	$53.77	$53.77	$53.77	205
2026-07-30	$53.73	$53.73	$53.73	$53.73	$53.73	0
2026-07-29	$54.11	$54.11	$53.73	$53.73	$53.73	382
2026-07-28	$53.79	$54.65	$53.79	$54.65	$54.65	639
2026-07-27	$54.45	$54.45	$54.45	$54.45	$54.45	109
2026-07-24	$54.00	$54.41	$54.00	$54.13	$54.13	1,099
2026-07-23	$53.98	$53.98	$53.90	$53.95	$53.95	895
2026-07-22	$54.55	$54.55	$54.31	$54.31	$54.31	470
2026-07-21	$54.49	$54.64	$54.45	$54.64	$54.64	4,521
2026-07-20	$54.23	$54.23	$54.13	$54.13	$54.13	604

#	Ticker	Name	Weight
1	FORM	FormFactor Inc	0.67%
2	VSAT	ViaSat Inc	0.66%
3	MOH	Molina Healthcare Inc	0.64%
4	AGX	Argan Inc	0.61%
5	BTSG	BrightSpring Health Services, Inc. Common Stock	0.60%
6	ESI	Element Solutions Inc	0.59%
7	MXL	MaxLinear Inc	0.58%
8	KRYS	Krystal Biotech Inc	0.53%
9	ESE	ESCO Technologies Inc	0.49%
10	MTCH	Match Group Inc	0.48%

Sector	Weight
Financial Services	17.45%
Industrials	15.69%
Technology	15.16%
Consumer Cyclicals	13.35%
Healthcare	11.94%
Real Estate	7.54%
Energy	5.02%
Basic Materials	4.93%
Consumer Defensive	3.90%
Communication Services	3.21%
Utilities	1.83%

Ticker	Name	Price	1D
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AMHE-U	Harvest Amazon Enhanced High Income Shares ETF	$14.27	+16.68%
COID		$8.24	+16.38%
AMHE	Harvest Amazon Enhanced High Income Shares ETF - Class A Units	$14.70	+14.84%
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AMZH-U	Harvest Amazon High Income Shares ETF	$13.87	+13.13%
MSFH-U	Harvest Microsoft Enhanced High Income Shares ETF	$9.48	+12.46%
PINV	Purpose Global Innovators Fund ETF	$31.26	+12.08%

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

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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

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Frequently Asked Questions — ZSML