Question 1

What is ZRE?

Accepted Answer

ZRE (BMO Equal Weight REITs Index ETF) is a Canadian-listed ETF trading on the TSX in the Real Estate Equity category. It tracks the Morningstar DM REIT NR CAD.

Question 2

What is the ZRE ETF price today?

Accepted Answer

ZRE last traded at $24.80 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZRE MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZRE annualised returns?

Accepted Answer

ZRE historical returns: YTD: +11.96%, 1-year: +16.14%, 3-year annualised: +10.50%, 5-year annualised: +3.44%, 10-year annualised: +7.19%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.49, which measures risk-adjusted return.

Question 5

Does ZRE pay dividends or distributions?

Accepted Answer

Yes, ZRE distributes income to unitholders. The current distribution yield is approximately 4.28%, paid monthly. 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 ZRE invest in?

Accepted Answer

ZRE's top holdings include RioCan Real Estate Investment Trust (REI-UN, 5.5%), Primaris Retail R.E. Invest. Tr. Units (PMZ-UN, 5.4%), Killam Apartment Real Estate Investment Trust (KMP-UN, 5.4%), Dream Industrial Real Estate Investment Trust (DIR-UN, 5.3%), Slate Grocery REIT (SGR-UN, 5.2%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar DM REIT NR CAD.

Question 7

What sectors does ZRE invest in?

Accepted Answer

ZRE's largest sector exposures are Real Estate (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZRE? (Assets under management)

Accepted Answer

ZRE has approximately $656M 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 ZRE launched?

Accepted Answer

ZRE was launched on May 19, 2010, giving it a 16-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 ZRE in Canada?

Accepted Answer

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

Accepted Answer

ZRE has a 1-year volatility of 11.21% and a beta of 0.87 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.49 indicates below-average 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	$24.90	$25.01	$24.80	$24.80	$24.80	14,344
2026-07-17	$24.97	$25.00	$24.80	$24.91	$24.91	12,265
2026-07-16	$24.60	$24.90	$24.54	$24.90	$24.90	17,105
2026-07-15	$24.67	$24.90	$24.60	$24.65	$24.65	14,121
2026-07-14	$24.80	$24.80	$24.66	$24.70	$24.70	12,912
2026-07-13	$24.75	$24.93	$24.71	$24.84	$24.84	17,548
2026-07-10	$24.91	$24.96	$24.66	$24.76	$24.76	6,086
2026-07-09	$24.95	$24.95	$24.80	$24.84	$24.84	6,831
2026-07-08	$24.92	$24.92	$24.75	$24.86	$24.86	13,979
2026-07-07	$24.85	$25.06	$24.85	$25.03	$25.03	20,108

#	Ticker	Name	Weight
1	REI-UN	RioCan Real Estate Investment Trust	5.53%
2	PMZ-UN	Primaris Retail R.E. Invest. Tr. Units	5.45%
3	KMP-UN	Killam Apartment Real Estate Investment Trust	5.35%
4	DIR-UN	Dream Industrial Real Estate Investment Trust	5.26%
5	SGR-UN	Slate Grocery REIT	5.22%
6	SRU-UN	SmartCentres Real Estate Investment Trust	5.21%
7	AP-UN	Allied Properties Real Estate Investment Trust	5.20%
8	CRR-UN	Crombie Real Estate Investment Trust	5.13%
9	FCR-UN	First Capital Real Estate Investment Trust	5.12%
10	CRT-UN	CT Real Estate Investment Trust	5.11%

Sector	Weight
Real Estate	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

BMO Equal Weight REITs Index ETF (ZRE : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

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