Question 1

What is ZCN?

Accepted Answer

ZCN (BMO S&P/TSX Capped Composite) is a Canadian-listed ETF trading on the TSX in the Canadian Equity category. It tracks the Morningstar Canada GR CAD.

Question 2

What is the ZCN ETF price today?

Accepted Answer

ZCN last traded at $47.62 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZCN MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZCN annualised returns?

Accepted Answer

ZCN historical returns: YTD: +11.68%, 1-year: +28.46%, 3-year annualised: +25.25%, 5-year annualised: +15.09%, 10-year annualised: +12.69%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.81, which measures risk-adjusted return.

Question 5

Does ZCN pay dividends or distributions?

Accepted Answer

Yes, ZCN distributes income to unitholders. The current distribution yield is approximately 1.97%, 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 ZCN invest in?

Accepted Answer

ZCN's top holdings include Royal Bank of Canada (RY, 8.2%), Toronto Dominion Bank (TD, 5.6%), Shopify Inc (SHOP, 4.0%), Bank of Montreal (BMO, 3.5%), Enbridge Inc (ENB, 3.3%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada GR CAD.

Question 7

What sectors does ZCN invest in?

Accepted Answer

ZCN's largest sector exposures are Financial Services (35.1%), Basic Materials (17.4%), Energy (16.3%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZCN? (Assets under management)

Accepted Answer

ZCN has approximately $18.57B 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 ZCN launched?

Accepted Answer

ZCN 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 ZCN in Canada?

Accepted Answer

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

Accepted Answer

ZCN has a 1-year volatility of 10.29% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.81 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	$47.89	$47.91	$47.53	$47.62	$47.62	360,825
2026-09-09	$48.54	$48.60	$48.16	$48.16	$48.16	531,559
2026-09-08	$48.89	$48.89	$48.45	$48.46	$48.46	429,361
2026-09-04	$48.90	$49.20	$48.88	$48.98	$48.98	165,200
2026-09-03	$48.74	$49.18	$48.73	$49.12	$49.12	226,926
2026-09-02	$48.15	$48.43	$48.15	$48.41	$48.41	494,955
2026-09-01	$48.35	$48.41	$47.93	$48.01	$48.01	212,903
2026-08-31	$48.99	$49.01	$48.48	$48.62	$48.62	176,229
2026-08-28	$49.44	$49.56	$48.85	$48.99	$48.99	287,697
2026-08-27	$49.38	$49.38	$49.10	$49.37	$49.37	230,304

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.16%
2	TD	Toronto Dominion Bank	5.59%
3	SHOP	Shopify Inc	3.98%
4	BMO	Bank of Montreal	3.50%
5	ENB	Enbridge Inc	3.31%
6	CM	Canadian Imperial Bank Of Commerce	3.04%
7	BNS	Bank of Nova Scotia	3.00%
8	CNQ	Canadian Natural Resources Ltd	2.77%
9	BN	Brookfield Corporation	2.53%
10	SU	Suncor Energy Inc	2.21%

Sector	Weight
Financial Services	35.14%
Basic Materials	17.39%
Energy	16.29%
Industrials	10.24%
Technology	8.16%
Consumer Cyclicals	3.78%
Utilities	3.06%
Consumer Defensive	2.81%
Communication Services	1.57%
Real Estate	1.40%
Healthcare	0.18%

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 S&P/TSX Capped Composite (ZCN : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Compare ZCN

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Frequently Asked Questions — ZCN