Question 1

What is ZSML?

Accepted Answer

ZSML — BMO S&P US Small Cap Index ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZSML ETF price today?

Accepted Answer

ZSML last traded at $51.76 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZSML MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZSML annualised returns?

Accepted Answer

ZSML historical returns: YTD: +16.92%, 1-year: +21.20%, 3-year annualised: +14.87%, 5-year annualised: +8.17%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.67, which measures risk-adjusted return.

Question 5

Does ZSML pay dividends or distributions?

Accepted Answer

Yes, ZSML distributes income to unitholders. The current distribution yield is approximately 1.00%. 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 ZSML invest in?

Accepted Answer

ZSML's top holdings include Corcept Therapeutics Incorporated (CORT, 0.6%), ViaSat Inc (VSAT, 0.6%), Glaukos Corp (GKOS, 0.5%), Brinker International Inc (EAT, 0.5%), Match Group Inc (MTCH, 0.5%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar US SMID Mkt TR CAD.

Question 7

What sectors does ZSML invest in?

Accepted Answer

ZSML's largest sector exposures are Financial Services (17.6%), Industrials (16.0%), Technology (15.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZSML? (Assets under management)

Accepted Answer

ZSML has approximately $189M 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 ZSML launched?

Accepted Answer

ZSML was launched on January 28, 2020, giving it a 6-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 ZSML in Canada?

Accepted Answer

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

Accepted Answer

ZSML has a 1-year volatility of 14.27% and a beta of 1.22 (more volatile than the broad market). Its 3-year Sharpe ratio of 0.67 indicates moderate 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	$51.76	$51.76	$51.76	$51.76	$51.76	736
2026-09-09	$52.35	$52.35	$52.35	$52.35	$52.35	136
2026-09-08	$52.90	$52.90	$52.77	$52.79	$52.79	1,856
2026-09-04	$53.25	$53.34	$53.25	$53.33	$53.33	5,500
2026-09-03	$52.91	$52.91	$52.91	$52.91	$52.91	1,284
2026-09-02	$52.94	$52.94	$52.94	$52.94	$52.94	247
2026-09-01	$52.55	$52.55	$52.55	$52.55	$52.55	106
2026-08-31	$53.93	$53.93	$53.36	$53.36	$53.36	304
2026-08-28	$53.63	$53.63	$53.63	$53.63	$53.63	344
2026-08-27	$53.56	$53.88	$53.56	$53.86	$53.86	2,152

#	Ticker	Name	Weight
1	CORT	Corcept Therapeutics Incorporated	0.61%
2	VSAT	ViaSat Inc	0.58%
3	GKOS	Glaukos Corp	0.55%
4	EAT	Brinker International Inc	0.52%
5	MTCH	Match Group Inc	0.52%
6	JXN	Jackson Financial Inc	0.48%
7	RHP	Ryman Hospitality Properties Inc	0.47%
8	ESI	Element Solutions Inc	0.47%
9	FORM	FormFactor Inc	0.46%
10	PTGX	Protagonist Therapeutics Inc	0.46%

Sector	Weight
Financial Services	17.62%
Industrials	15.99%
Technology	14.96%
Consumer Cyclicals	13.60%
Healthcare	10.86%
Real Estate	7.36%
Energy	5.81%
Basic Materials	4.60%
Consumer Defensive	4.28%
Communication Services	3.13%
Utilities	1.79%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
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 US Small Cap Index ETF (ZSML : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO S&P US Small Cap Index ETF

ETF Details

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Frequently Asked Questions — ZSML