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 $46.80 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: +9.76%, 1-year: +31.61%, 3-year annualised: +23.67%, 5-year annualised: +15.23%, 10-year annualised: +12.54%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.67, 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 2.06%, 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, 7.9%), Toronto Dominion Bank (TD, 5.6%), Shopify Inc (SHOP, 3.7%), Bank of Montreal (BMO, 3.4%), 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 (35.8%), Basic Materials (16.9%), Energy (16.8%). 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 $17.36B 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 10.57% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.67 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
2026-07-20	$47.26	$47.37	$46.80	$46.80	$46.80	370,804
2026-07-17	$47.06	$47.29	$46.86	$47.17	$47.17	202,703
2026-07-16	$47.21	$47.44	$47.06	$47.31	$47.31	301,345
2026-07-15	$47.34	$47.47	$47.17	$47.39	$47.39	183,466
2026-07-14	$47.23	$47.52	$47.20	$47.27	$47.27	379,583
2026-07-13	$47.26	$47.40	$47.07	$47.17	$47.17	165,729
2026-07-10	$47.19	$47.33	$47.03	$47.24	$47.24	119,779
2026-07-09	$46.85	$47.18	$46.85	$47.10	$47.10	118,015
2026-07-08	$46.94	$46.96	$46.32	$46.75	$46.75	194,645
2026-07-07	$47.20	$47.39	$46.95	$47.19	$47.19	205,175

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	7.89%
2	TD	Toronto Dominion Bank	5.60%
3	SHOP	Shopify Inc	3.73%
4	BMO	Bank of Montreal	3.37%
5	ENB	Enbridge Inc	3.34%
6	BNS	Bank of Nova Scotia	2.99%
7	CM	Canadian Imperial Bank Of Commerce	2.95%
8	BN	Brookfield Corporation	2.78%
9	CNQ	Canadian Natural Resources Ltd	2.48%
10	AEM	Agnico Eagle Mines Limited	2.45%

Sector	Weight
Financial Services	35.80%
Basic Materials	16.95%
Energy	16.80%
Industrials	10.11%
Technology	6.97%
Consumer Cyclicals	3.77%
Utilities	3.23%
Consumer Defensive	2.96%
Communication Services	1.77%
Real Estate	1.51%
Healthcare	0.13%

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

CIBC Investor's Edge

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 — ZCN