Question 1

What is ZCM?

Accepted Answer

ZCM (BMO Mid Corporate Bond Index ETF) is a Canadian-listed ETF trading on the TSX in the Canadian Corporate Fixed Income category. It tracks the Morningstar Can Corp Bd GR CAD.

Question 2

What is the ZCM ETF price today?

Accepted Answer

ZCM last traded at $15.22 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZCM MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZCM annualised returns?

Accepted Answer

ZCM historical returns: YTD: -3.12%, 1-year: +1.74%, 3-year annualised: +6.89%, 5-year annualised: +1.83%, 10-year annualised: +2.73%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.68, which measures risk-adjusted return.

Question 5

Does ZCM pay dividends or distributions?

Accepted Answer

Yes, ZCM distributes income to unitholders. The current distribution yield is approximately 4.38%, paid monthly. 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 ZCM invest in?

Accepted Answer

ZCM's top holdings include Bank Montreal Que 3.19% (null, 2.8%), Bank of Nova Scotia 3.1% (null, 2.6%), Royal Bank of Canada 2.33% (null, 2.2%), TransCanada Trust (null, 1.9%), Enbridge Incorporation (null, 1.7%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can Corp Bd GR CAD.

Question 7

What sectors does ZCM invest in?

Accepted Answer

ZCM's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZCM? (Assets under management)

Accepted Answer

ZCM has approximately $1.48B 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 ZCM launched?

Accepted Answer

ZCM was launched on January 19, 2010, giving it a 16-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 ZCM in Canada?

Accepted Answer

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

Accepted Answer

ZCM has a 1-year volatility of 3.97% and a beta of 1.07 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.68 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	$15.27	$15.27	$15.22	$15.22	$15.22	4,439
2026-09-09	$15.35	$15.35	$15.34	$15.34	$15.34	10,556
2026-09-08	$15.38	$15.38	$15.35	$15.35	$15.35	5,900
2026-09-04	$15.40	$15.40	$15.39	$15.39	$15.39	6,100
2026-09-03	$15.39	$15.39	$15.36	$15.38	$15.38	8,438
2026-09-02	$15.37	$15.37	$15.35	$15.36	$15.36	8,545
2026-09-01	$15.39	$15.41	$15.39	$15.39	$15.39	6,470
2026-08-31	$15.40	$15.40	$15.40	$15.40	$15.40	3,323
2026-08-28	$15.43	$15.43	$15.40	$15.41	$15.41	7,800
2026-08-27	$15.55	$15.55	$15.51	$15.51	$15.51	3,281

#	Name	Weight
1	Bank Montreal Que 3.19%	2.82%
2	Bank of Nova Scotia 3.1%	2.58%
3	Royal Bank of Canada 2.33%	2.16%
4	TransCanada Trust	1.88%
5	Enbridge Incorporation	1.71%
6	The Toronto-Dominion Bank	1.44%
7	Suncor Energy Inc.	1.32%
8	TransCanada Pipelines Limited 3.8%	1.32%
9	Rogers Communications Inc. 3.25%	1.20%
10	Enbridge Incorporation 2.99%	1.19%

Sector	Weight
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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CIBC Investor's Edge

BMO Mid Corporate Bond Index ETF (ZCM : 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 — ZCM