Question 1

What is ZUE?

Accepted Answer

ZUE (BMO S&P 500 (CAD Hedged)) is a Canadian-listed ETF trading on the TSX in the US Equity category. It tracks the Morningstar US Market TR CAD.

Question 2

What is the ZUE ETF price today?

Accepted Answer

ZUE last traded at $100.62 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZUE MER (management expense ratio)?

Accepted Answer

ZUE 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%, ZUE is considered a low-cost ETF.

Question 4

What are ZUE annualised returns?

Accepted Answer

ZUE historical returns: YTD: +8.26%, 1-year: +21.61%, 3-year annualised: +19.06%, 5-year annualised: +11.64%, 10-year annualised: +13.58%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.27, which measures risk-adjusted return.

Question 5

Does ZUE pay dividends or distributions?

Accepted Answer

Yes, ZUE distributes income to unitholders. The current distribution yield is approximately 0.81%, paid quarterly. 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 ZUE invest in?

Accepted Answer

ZUE's top holdings include BMO S&P 500 Index ETF (ZSP, 100.0%). See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar US Market TR CAD.

Question 7

What sectors does ZUE invest in?

Accepted Answer

ZUE's largest sector exposures are Technology (35.3%), Financial Services (12.1%), Communication Services (11.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZUE? (Assets under management)

Accepted Answer

ZUE has approximately $4.60B 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 ZUE launched?

Accepted Answer

ZUE was launched on May 29, 2009, giving it a 17-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 ZUE in Canada?

Accepted Answer

ZUE trades on the TSX under the ticker ZUE. 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 ZUE?

Accepted Answer

ZUE has a 1-year volatility of 12.96% and a beta of 0.96 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.27 indicates solid 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	$101.00	$101.23	$100.49	$100.62	$100.62	16,754
2026-07-10	$101.09	$101.43	$100.70	$101.43	$101.43	16,931
2026-07-09	$100.60	$100.96	$100.48	$100.91	$100.91	5,089
2026-07-08	$99.80	$100.17	$99.40	$100.17	$100.17	6,940
2026-07-07	$100.71	$100.71	$100.24	$100.41	$100.41	5,258
2026-07-06	$100.64	$101.04	$100.52	$101.04	$101.04	9,937
2026-07-03	$101.02	$101.40	$100.49	$101.37	$101.37	8,788
2026-07-02	$100.42	$100.94	$99.56	$100.15	$100.15	13,175
2026-06-30	$99.66	$100.55	$99.66	$100.55	$100.55	14,700
2026-06-29	$99.03	$99.82	$98.44	$99.82	$99.82	21,116

Sector	Weight
Technology	35.29%
Financial Services	12.05%
Communication Services	11.01%
Consumer Cyclicals	10.22%
Healthcare	8.75%
Industrials	8.27%
Consumer Defensive	4.83%
Energy	3.43%
Utilities	2.37%
Real Estate	1.94%
Basic Materials	1.83%

BMO S&P 500 (CAD Hedged) (ZUE : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — ZUE