Question 1

What is TQSM?

Accepted Answer

TQSM — TD Q U.S. Small-Mid-Cap Equity ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the TQSM ETF price today?

Accepted Answer

TQSM last traded at $29.21 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the TQSM MER (management expense ratio)?

Accepted Answer

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

Question 4

What are TQSM annualised returns?

Accepted Answer

TQSM historical returns: YTD: +15.32%, 1-year: +14.20%, 3-year annualised: +15.35%, 5-year annualised: +12.91%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.82, which measures risk-adjusted return.

Question 5

Does TQSM pay dividends or distributions?

Accepted Answer

Yes, TQSM distributes income to unitholders. The current distribution yield is approximately 0.73%. 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 TQSM invest in?

Accepted Answer

TQSM's top holdings include HF Sinclair Corp (DINO, 1.7%), Reinsurance Group of America (RGA, 1.5%), Ovintiv Inc (OVV, 1.4%), Stonex Group Inc (SNEX, 1.4%), US Foods Holding Corp (USFD, 1.3%) — 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 TQSM invest in?

Accepted Answer

TQSM's largest sector exposures are Industrials (19.7%), Financial Services (19.6%), Technology (15.2%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is TQSM? (Assets under management)

Accepted Answer

TQSM has approximately $1.04B 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 TQSM launched?

Accepted Answer

TQSM was launched on November 20, 2019, giving it a 7-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 TQSM in Canada?

Accepted Answer

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

Accepted Answer

TQSM has a 1-year volatility of 11.65% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.82 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
2026-09-10	$29.13	$29.27	$29.13	$29.21	$29.21	11,294
2026-09-09	$29.55	$29.55	$29.33	$29.36	$29.36	2,954
2026-09-08	$29.59	$29.67	$29.50	$29.50	$29.50	7,765
2026-09-04	$29.86	$29.91	$29.85	$29.90	$29.90	3,000
2026-09-03	$29.55	$29.70	$29.51	$29.70	$29.70	4,920
2026-09-02	$29.34	$29.63	$29.34	$29.52	$29.52	11,839
2026-09-01	$29.44	$29.65	$29.43	$29.44	$29.44	4,747
2026-08-31	$29.39	$29.64	$29.39	$29.64	$29.64	1,432
2026-08-28	$29.93	$29.93	$29.89	$29.89	$29.89	2,958
2026-08-27	$30.31	$30.31	$29.92	$30.03	$30.03	12,423

#	Ticker	Name	Weight
1	DINO	HF Sinclair Corp	1.73%
2	RGA	Reinsurance Group of America	1.49%
3	OVV	Ovintiv Inc	1.43%
4	SNEX	Stonex Group Inc	1.40%
5	USFD	US Foods Holding Corp	1.34%
6	FBP	First BanCorp.	1.31%
7	EQH	Axa Equitable Holdings Inc	1.31%
8	MLI	Mueller Industries Inc	1.29%
9	EXEL	Exelixis Inc	1.24%
10	MEDP	Medpace Holdings Inc	1.15%

Sector	Weight
Industrials	19.68%
Financial Services	19.60%
Technology	15.15%
Consumer Cyclicals	11.78%
Healthcare	8.19%
Energy	7.73%
Consumer Defensive	6.76%
Basic Materials	4.48%
Real Estate	4.07%
Communication Services	1.91%
Utilities	0.64%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

CIBC Investor's Edge

TD Q U.S. Small-Mid-Cap Equity ETF (TQSM : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About TD Q U.S. Small-Mid-Cap Equity ETF

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