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 $54.13 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: +22.27%, 1-year: +33.07%, 3-year annualised: +16.23%, 5-year annualised: +9.84%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.81, 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 0.95%. 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 FormFactor Inc (FORM, 0.7%), Element Solutions Inc (ESI, 0.6%), BrightSpring Health Services, Inc. Common Stock (BTSG, 0.6%), Argan Inc (AGX, 0.6%), Molina Healthcare Inc (MOH, 0.6%) — 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 Technology (17.3%), Financial Services (16.5%), Industrials (15.5%). 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 $195M 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 12.80% and a beta of 1.22 (more volatile than the broad market). Its 3-year Sharpe ratio of 0.81 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
2026-07-20	$54.23	$54.23	$54.13	$54.13	$54.13	604
2026-07-17	$54.59	$54.59	$54.05	$54.05	$54.05	205
2026-07-16	$54.72	$54.72	$54.72	$54.72	$54.72	513
2026-07-15	$53.93	$54.46	$53.93	$54.30	$54.30	2,110
2026-07-14	$54.20	$54.20	$54.20	$54.20	$54.20	206
2026-07-13	$55.44	$55.44	$54.32	$54.32	$54.32	957
2026-07-10	$54.70	$54.70	$54.48	$54.61	$54.61	1,271
2026-07-09	$53.83	$54.76	$53.83	$54.72	$54.72	2,566
2026-07-08	$54.04	$54.12	$53.83	$53.83	$53.83	1,546
2026-07-07	$55.30	$55.30	$54.67	$54.73	$54.73	4,109

#	Ticker	Name	Weight
1	FORM	FormFactor Inc	0.65%
2	ESI	Element Solutions Inc	0.59%
3	BTSG	BrightSpring Health Services, Inc. Common Stock	0.59%
4	AGX	Argan Inc	0.58%
5	MOH	Molina Healthcare Inc	0.58%
6	SNEX	Stonex Group Inc	0.55%
7	KRYS	Krystal Biotech Inc	0.52%
8	ESE	ESCO Technologies Inc	0.50%
9	VSAT	ViaSat Inc	0.49%
10	POWL	Powell Industries Inc	0.48%

Sector	Weight
Technology	17.35%
Financial Services	16.46%
Industrials	15.47%
Consumer Cyclicals	13.38%
Healthcare	11.44%
Real Estate	7.35%
Energy	4.95%
Basic Materials	4.86%
Consumer Defensive	3.65%
Communication Services	3.29%
Utilities	1.79%

BMO S&P US Small Cap Index ETF (ZSML : TSX)

CIBC Investor's Edge

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

7 stocks to buy and hold forever

Compare ZSML

Explore More

Compare ZSML vs Similar ETFs

Frequently Asked Questions — ZSML