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 $100.26 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: +7.88%, 1-year: +13.60%, 3-year annualised: +16.28%, 5-year annualised: +10.36%, 10-year annualised: +12.97%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.10, 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 (38.0%), Financial Services (11.3%), Communication Services (10.7%). 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 $4.68B 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 12.93% and a beta of 0.96 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.10 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
2026-07-31	$99.94	$100.47	$99.11	$100.26	$100.26	15,364
2026-07-30	$98.84	$99.60	$98.70	$99.54	$99.54	19,409
2026-07-29	$99.34	$99.59	$97.91	$97.91	$97.91	12,638
2026-07-28	$99.07	$99.60	$98.90	$99.41	$99.41	17,086
2026-07-27	$99.92	$100.00	$98.78	$99.18	$99.18	3,739
2026-07-24	$99.07	$99.79	$98.99	$99.09	$99.09	39,227
2026-07-23	$99.31	$99.56	$98.84	$99.12	$99.12	14,622
2026-07-22	$100.20	$100.66	$100.20	$100.43	$100.43	9,817
2026-07-21	$100.30	$100.50	$100.17	$100.48	$100.48	4,457
2026-07-20	$100.28	$100.28	$99.58	$99.73	$99.73	36,469

Sector	Weight
Technology	37.98%
Financial Services	11.30%
Communication Services	10.75%
Consumer Cyclicals	9.87%
Healthcare	8.43%
Industrials	7.89%
Consumer Defensive	4.71%
Energy	3.35%
Utilities	2.17%
Real Estate	1.86%
Basic Materials	1.70%

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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 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