Question 1

What is ZFN?

Accepted Answer

ZFN — BMO SIA Focused North American Equity Fund ETF Series — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZFN ETF price today?

Accepted Answer

ZFN last traded at $62.93 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZFN MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZFN annualised returns?

Accepted Answer

ZFN historical returns: YTD: -0.14%, 1-year: +11.96%, 3-year annualised: +16.68%, 5-year annualised: +11.38%. Past performance is not a guarantee of future results.

Question 5

Does ZFN pay dividends or distributions?

Accepted Answer

Yes, ZFN distributes income to unitholders. The current distribution yield is approximately 0.51%, paid annually. 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 ZFN invest in?

Accepted Answer

ZFN's top holdings include Alphabet Inc Class A (GOOGL, 6.6%), Cenovus Energy Inc (CVE, 6.5%), Canadian Imperial Bank Of Commerce (CM, 6.4%), Applied Materials Inc (AMAT, 6.0%), The Bank of New York Mellon Cor (BNY, 5.9%) — and 4 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar DM Americas GR CAD.

Question 7

What sectors does ZFN invest in?

Accepted Answer

ZFN's largest sector exposures are Financial Services (26.8%), Energy (20.1%), Technology (20.1%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZFN? (Assets under management)

Accepted Answer

ZFN has approximately $241M 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 ZFN launched?

Accepted Answer

ZFN was launched on December 6, 2018, giving it a 8-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 ZFN in Canada?

Accepted Answer

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

Accepted Answer

ZFN has a 1-year volatility of 11.76% and a beta of 0.99 (roughly in line with the broad market). As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-06-02	$61.49	$62.94	$61.49	$62.93	$62.93	7,184
2026-06-01	$61.42	$61.42	$61.40	$61.40	$61.40	1,022
2026-05-29	$61.70	$61.70	$60.90	$61.21	$61.21	7,851
2026-05-28	$62.11	$62.37	$61.63	$61.63	$61.63	3,987
2026-05-27	$62.86	$62.86	$62.20	$62.20	$62.20	13,635
2026-05-26	$62.98	$63.05	$62.83	$63.01	$63.01	2,877
2026-05-25	$62.68	$62.68	$62.68	$62.68	$62.68	194
2026-05-22	$62.53	$62.84	$62.51	$62.51	$62.51	19,605
2026-05-21	$62.08	$62.24	$62.08	$62.18	$62.18	3,966
2026-05-20	$61.49	$62.09	$61.49	$62.07	$62.07	1,459

#	Ticker	Name	Weight
1	GOOGL	Alphabet Inc Class A	6.60%
2	CVE	Cenovus Energy Inc	6.50%
3	CM	Canadian Imperial Bank Of Commerce	6.41%
4	AMAT	Applied Materials Inc	5.96%
5	BNY	The Bank of New York Mellon Cor	5.94%
6	WMT	Walmart Inc.	5.93%
7	IMO	Imperial Oil Ltd	5.85%
8	NA	National Bank of Canada	5.69%
9	MS	Morgan Stanley	5.66%

Sector	Weight
Financial Services	26.79%
Energy	20.11%
Technology	20.07%
Industrials	12.49%
Communication Services	7.46%
Consumer Defensive	6.71%
Utilities	6.37%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Real Estate	0.00%
Healthcare	0.00%

BMO SIA Focused North American Equity Fund ETF Series (ZFN : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO SIA Focused North American Equity Fund ETF Series

ETF Details

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Frequently Asked Questions — ZFN