Question 1

What is ZLB?

Accepted Answer

ZLB (BMO Low Volatility Canadian Equity) 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 ZLB ETF price today?

Accepted Answer

ZLB last traded at $62.05 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZLB MER (management expense ratio)?

Accepted Answer

ZLB has a management expense ratio (MER) of 0.35% 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.

Question 4

What are ZLB annualised returns?

Accepted Answer

ZLB historical returns: YTD: +7.06%, 1-year: +18.81%, 3-year annualised: +17.21%, 5-year annualised: +12.46%, 10-year annualised: +11.12%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.44, which measures risk-adjusted return.

Question 5

Does ZLB pay dividends or distributions?

Accepted Answer

Yes, ZLB distributes income to unitholders. The current distribution yield is approximately 1.82%, 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 ZLB invest in?

Accepted Answer

ZLB's top holdings include Fortis Inc (FTS, 4.4%), Great-West Lifeco Inc. (GWO, 4.3%), Quebecor Inc (QBR-B, 4.2%), Loblaw Companies Limited (L, 4.0%), Hydro One Ltd (H, 3.9%) — 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 ZLB invest in?

Accepted Answer

ZLB's largest sector exposures are Financial Services (26.3%), Utilities (17.5%), Consumer Defensive (17.5%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZLB? (Assets under management)

Accepted Answer

ZLB has approximately $6.32B 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 ZLB launched?

Accepted Answer

ZLB was launched on October 21, 2011, giving it a 15-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 ZLB in Canada?

Accepted Answer

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

Accepted Answer

ZLB has a 1-year volatility of 8.51% and a beta of 0.59 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.44 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	$62.39	$62.69	$62.03	$62.05	$62.05	42,404
2026-07-17	$62.56	$62.63	$62.16	$62.40	$62.40	37,917
2026-07-16	$61.88	$62.55	$61.88	$62.52	$62.52	51,507
2026-07-15	$61.63	$62.25	$61.63	$61.93	$61.93	52,575
2026-07-14	$61.79	$61.81	$61.58	$61.65	$61.65	46,158
2026-07-13	$61.74	$62.04	$61.74	$61.86	$61.86	27,420
2026-07-10	$61.69	$61.81	$61.59	$61.73	$61.73	109,501
2026-07-09	$61.66	$61.72	$61.49	$61.56	$61.56	44,628
2026-07-08	$61.65	$61.68	$61.45	$61.64	$61.64	32,584
2026-07-07	$61.78	$62.11	$61.78	$61.87	$61.87	92,243

#	Ticker	Name	Weight
1	FTS	Fortis Inc	4.38%
2	GWO	Great-West Lifeco Inc.	4.29%
3	QBR-B	Quebecor Inc	4.16%
4	L	Loblaw Companies Limited	3.98%
5	H	Hydro One Ltd	3.92%
6	EMA	Emera Inc.	3.64%
7	EMP-A	Empire Company Limited	3.54%
8	IFC	Intact Financial Corporation	3.35%
9	MRU	Metro Inc.	3.25%
10	CU	Canadian Utilities Limited	2.96%

Sector	Weight
Financial Services	26.33%
Utilities	17.55%
Consumer Defensive	17.51%
Communication Services	9.40%
Industrials	8.52%
Consumer Cyclicals	8.39%
Basic Materials	5.20%
Real Estate	4.15%
Energy	1.95%
Technology	1.02%
Healthcare	0.00%

BMO Low Volatility Canadian Equity (ZLB : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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