Question 1

What is ZCON?

Accepted Answer

ZCON — BMO Conservative ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZCON ETF price today?

Accepted Answer

ZCON last traded at $13.12 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZCON MER (management expense ratio)?

Accepted Answer

ZCON has a management expense ratio (MER) of 0.15% 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 0.15%, ZCON is considered a low-cost ETF.

Question 4

What are ZCON annualised returns?

Accepted Answer

ZCON historical returns: YTD: +4.21%, 1-year: +5.14%, 3-year annualised: +11.48%, 5-year annualised: +5.33%, 10-year annualised: +0.00%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.28, which measures risk-adjusted return.

Question 5

Does ZCON pay dividends or distributions?

Accepted Answer

Yes, ZCON distributes income to unitholders. The current distribution yield is approximately 1.83%, 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 ZCON invest in?

Accepted Answer

ZCON's top holdings include BMO Discount Bond Index ETF (ZDB, 43.6%), BMO S&P 500 Index ETF (ZSP, 18.1%), BMO US Aggregate Bond Index ETF (Hedged Units) (ZUAG-F, 18.2%), BMO S&P/TSX Capped Composite (ZCN, 10.1%), BMO MSCI EAFE Index ETF (ZEA, 6.9%) — and 3 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can FI Gbl Tgt Alloc NR CAD.

Question 7

What sectors does ZCON invest in?

Accepted Answer

ZCON's largest sector exposures are Technology (26.6%), Financial Services (19.5%), Industrials (10.1%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZCON? (Assets under management)

Accepted Answer

ZCON has approximately $132M 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 ZCON launched?

Accepted Answer

ZCON 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 ZCON in Canada?

Accepted Answer

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

Accepted Answer

ZCON has a 1-year volatility of 6.03% and a beta of 1.28 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.28 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
2026-10-29	$13.09	$13.14	$13.09	$13.12	$13.12	9,951
2026-10-28	$13.20	$13.20	$13.11	$13.13	$13.13	42,443
2026-10-27	$13.17	$13.17	$13.10	$13.15	$13.15	8,580
2026-10-26	$13.10	$13.12	$13.09	$13.09	$13.09	9,400
2026-10-23	$13.05	$13.07	$13.04	$13.06	$13.06	5,385
2026-10-22	$13.13	$13.13	$13.08	$13.11	$13.11	7,699
2026-10-21	$13.17	$13.17	$13.10	$13.13	$13.13	10,631
2026-10-20	$13.07	$13.12	$13.06	$13.10	$13.10	30,654
2026-10-19	$13.13	$13.13	$13.06	$13.07	$13.07	12,808
2026-10-16	$13.20	$13.20	$13.10	$13.13	$13.13	37,617

#	Ticker	Name	Weight
1	ZDB	BMO Discount Bond Index ETF	43.58%
2	ZSP	BMO S&P 500 Index ETF	18.08%
3	ZUAG-F	BMO US Aggregate Bond Index ETF (Hedged Units)	18.17%
4	ZCN	BMO S&P/TSX Capped Composite	10.08%
5	ZEA	BMO MSCI EAFE Index ETF	6.88%
6	ZEM	BMO MSCI Emerging Markets Index ETF	3.60%
7	ZMID	BMO S&P US Mid Cap Index ETF	1.01%
8	ZSML	BMO S&P US Small Cap Index ETF	0.48%

Sector	Weight
Technology	26.57%
Financial Services	19.52%
Industrials	10.06%
Consumer Cyclicals	7.36%
Basic Materials	6.63%
Communication Services	6.43%
Energy	6.43%
Healthcare	6.39%
Consumer Defensive	4.24%
Utilities	2.26%
Real Estate	1.78%

Ticker	Name	Price	1D
CGMD		$7.10	+11.64%
LLHE-U	Harvest Eli Lilly Enhanced High Income Shares ETF	$11.25	+9.22%
GASD		$6.29	+8.45%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.91	+7.89%
SLVD	BetaPro Silver -2x Daily Bear ETF	$45.86	+7.83%
HND	BetaPro Natural Gas 2x Daily Bear	$29.33	+6.97%
LLHE	Harvest Eli Lilly Enhanced High Income Shares ETF - Class A Units	$11.55	+6.06%
QQQD		$6.98	+4.96%

BMO Conservative ETF (ZCON : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Conservative ETF

ETF Details

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Frequently Asked Questions — ZCON