Question 1

What is ZUE?

Accepted Answer

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

Question 2

What is the ZUE ETF price today?

Accepted Answer

ZUE last traded at $102.06 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: +9.81%, 1-year: +12.68%, 3-year annualised: +20.37%, 5-year annualised: +10.56%, 10-year annualised: +13.68%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.25, 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 0.79%, 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, 97.0%). 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 (40.6%), Financial Services (11.5%), Communication Services (9.5%). 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 $4.97B 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 13.00% and a beta of 0.93 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.25 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
2026-10-22	$102.45	$102.50	$101.78	$102.06	$102.06	27,409
2026-10-21	$103.10	$103.44	$102.69	$103.32	$103.32	20,592
2026-10-20	$102.24	$102.89	$102.24	$102.69	$102.69	1,903
2026-10-19	$102.59	$102.80	$102.44	$102.45	$102.45	6,765
2026-10-16	$103.13	$103.17	$101.77	$102.04	$102.04	31,815
2026-10-15	$102.49	$103.23	$102.38	$103.13	$103.13	10,681
2026-10-14	$103.52	$103.76	$102.64	$102.86	$102.86	14,397
2026-10-13	$103.85	$104.06	$103.79	$104.00	$104.00	9,507
2026-10-09	$103.71	$104.16	$103.68	$104.07	$104.07	12,100
2026-10-08	$103.69	$103.85	$103.22	$103.43	$103.43	19,351

Sector	Weight
Technology	40.56%
Financial Services	11.51%
Communication Services	9.49%
Consumer Cyclicals	9.11%
Healthcare	8.93%
Industrials	7.83%
Consumer Defensive	4.47%
Energy	3.62%
Utilities	1.89%
Real Estate	1.70%
Basic Materials	1.58%

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MSTZ		$1.97	+11.30%
CSUU		$12.05	+9.95%
QQQD		$7.28	+8.66%

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

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