Question 1

What is ZMT?

Accepted Answer

ZMT (BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)) is a Canadian-listed ETF trading on the TSX in the Natural Resources Equity category. It tracks the Morningstar Canada Natural Res NR CAD.

Question 2

What is the ZMT ETF price today?

Accepted Answer

ZMT last traded at $133.18 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZMT MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZMT annualised returns?

Accepted Answer

ZMT historical returns: YTD: +21.37%, 1-year: +66.55%, 3-year annualised: +34.82%, 5-year annualised: +20.71%, 10-year annualised: +14.58%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.07, which measures risk-adjusted return.

Question 5

Does ZMT pay dividends or distributions?

Accepted Answer

Yes, ZMT distributes income to unitholders. The current distribution yield is approximately 0.16%, 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 ZMT invest in?

Accepted Answer

ZMT's top holdings include HudBay Minerals Inc (HBM, 5.1%), Luxfer Holdings PLC (LXFR, 3.5%), Carpenter Technology Corporation (CRS, 3.4%), Kaiser Aluminum Corporation (KALU, 3.2%), Allegheny Technologies Incorporated (ATI, 3.1%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada Natural Res NR CAD.

Question 7

What sectors does ZMT invest in?

Accepted Answer

ZMT's largest sector exposures are Basic Materials (87.9%), Industrials (12.1%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZMT? (Assets under management)

Accepted Answer

ZMT has approximately $85M 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 ZMT launched?

Accepted Answer

ZMT was launched on October 20, 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 ZMT in Canada?

Accepted Answer

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

Accepted Answer

ZMT has a 1-year volatility of 36.01% and a beta of 0.89 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.07 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	$133.88	$133.88	$133.18	$133.18	$133.18	730
2026-09-09	$138.47	$138.47	$138.28	$138.28	$138.28	842
2026-09-08	$137.50	$139.70	$137.50	$139.70	$139.70	665
2026-09-04	$133.95	$133.95	$133.95	$133.95	$133.95	200
2026-09-03	$133.85	$133.85	$133.85	$133.85	$133.85	403
2026-09-02	$131.64	$131.64	$131.64	$131.64	$131.64	0
2026-09-01	$132.88	$134.00	$132.88	$134.00	$134.00	2,541
2026-08-31	$138.09	$138.09	$138.09	$138.09	$138.09	0
2026-08-28	$138.09	$138.09	$138.09	$138.09	$138.09	426
2026-08-27	$140.63	$140.63	$140.63	$140.63	$140.63	496

#	Ticker	Name	Weight
1	HBM	HudBay Minerals Inc	5.10%
2	LXFR	Luxfer Holdings PLC	3.55%
3	CRS	Carpenter Technology Corporation	3.35%
4	KALU	Kaiser Aluminum Corporation	3.25%
5	ATI	Allegheny Technologies Incorporated	3.12%
6	ALS	Altius Minerals Corporation	3.12%
7	CMP	Compass Minerals International Inc	3.11%
8	OM	Osisko Metals Incorporated	3.10%
9	TECK-B	Teck Resources Limited	2.97%
10	NEXA	Nexa Resources SA	2.95%

Sector	Weight
Basic Materials	87.85%
Industrials	12.15%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
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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 Equal Weight Global Base Metals (CAD Hedged) (ZMT : TSX)

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 — ZMT