Question 1

What is ZBAL?

Accepted Answer

ZBAL — BMO Balanced ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZBAL ETF price today?

Accepted Answer

ZBAL last traded at $15.87 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZBAL MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZBAL annualised returns?

Accepted Answer

ZBAL historical returns: YTD: +6.30%, 1-year: +11.14%, 3-year annualised: +13.98%, 5-year annualised: +7.54%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.37, which measures risk-adjusted return.

Question 5

Does ZBAL pay dividends or distributions?

Accepted Answer

Yes, ZBAL distributes income to unitholders. The current distribution yield is approximately 1.63%, 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 ZBAL invest in?

Accepted Answer

ZBAL's top holdings include BMO Discount Bond Index ETF (ZDB, 27.8%), BMO S&P 500 Index ETF (ZSP, 27.4%), BMO S&P/TSX Capped Composite (ZCN, 15.3%), BMO US Aggregate Bond Index ETF (Hedged Units) (ZUAG-F, 11.8%), BMO MSCI EAFE Index ETF (ZEA, 10.0%) — and 3 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can Neu Gbl Tgt Alloc NR CAD.

Question 7

What sectors does ZBAL invest in?

Accepted Answer

ZBAL's largest sector exposures are Technology (25.8%), Financial Services (21.0%), Industrials (10.8%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZBAL? (Assets under management)

Accepted Answer

ZBAL has approximately $669M 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 ZBAL launched?

Accepted Answer

ZBAL was launched on February 12, 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 ZBAL in Canada?

Accepted Answer

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

Accepted Answer

ZBAL has a 1-year volatility of 7.56% and a beta of 1.17 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.37 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
2026-09-10	$15.95	$15.95	$15.86	$15.87	$15.87	45,040
2026-09-09	$16.07	$16.07	$15.98	$15.99	$15.99	30,467
2026-09-08	$16.13	$16.13	$16.04	$16.05	$16.05	55,186
2026-09-04	$16.13	$16.16	$16.12	$16.14	$16.14	53,719
2026-09-03	$16.08	$16.13	$16.06	$16.12	$16.12	20,678
2026-09-02	$16.05	$16.07	$16.02	$16.04	$16.04	31,647
2026-09-01	$16.06	$16.07	$16.00	$16.03	$16.03	66,207
2026-08-31	$16.17	$16.17	$16.07	$16.10	$16.10	20,558
2026-08-28	$16.23	$16.23	$16.14	$16.15	$16.15	15,961
2026-08-27	$16.21	$16.21	$16.16	$16.19	$16.19	19,644

#	Ticker	Name	Weight
1	ZDB	BMO Discount Bond Index ETF	27.76%
2	ZSP	BMO S&P 500 Index ETF	27.44%
3	ZCN	BMO S&P/TSX Capped Composite	15.28%
4	ZUAG-F	BMO US Aggregate Bond Index ETF (Hedged Units)	11.84%
5	ZEA	BMO MSCI EAFE Index ETF	10.03%
6	ZEM	BMO MSCI Emerging Markets Index ETF	5.37%
7	ZMID	BMO S&P US Mid Cap Index ETF	1.51%
8	ZSML	BMO S&P US Small Cap Index ETF	0.76%

Sector	Weight
Technology	25.77%
Financial Services	20.99%
Industrials	10.82%
Consumer Cyclicals	7.63%
Energy	6.88%
Basic Materials	6.87%
Healthcare	6.48%
Communication Services	6.08%
Consumer Defensive	4.16%
Utilities	2.53%
Real Estate	1.79%

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

BMO Balanced ETF (ZBAL : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Balanced ETF

ETF Details

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Frequently Asked Questions — ZBAL