BMO's ZCN ETF: A Low-Cost Way to Tap into Canada's Strong Equity Market

The BMO S&P/TSX Capped Composite Index ETF (TSX:ZCN) offers broad exposure to Canadian equities, tracking the S&P/TSX Capped Composite Index. As of September 2026, it had approximately C$18.4 billion in assets and roughly 218-222 holdings. The NAV was around C$48.46 on September 8, while the latest Market Price was about C$48.16 on September 9.

The ETF has a strong recent performance, with approximately 15.96% YTD and 29.81% over one year based on September 9 data. The indicative distribution Yield is approximately 2.0%, with quarterly distributions. Financials, energy, and non-energy materials dominate the portfolio, making Canadian banks and commodity prices critical performance drivers.

Investors should watch Bank of Canada policy, Canadian inflation, bank earnings, oil, gold, copper, bond yields, the Canadian dollar, and Canada-U.S. trade developments. The management fee is approximately 0.05%, while the MER is around 0.06%, making ZCN a relatively low-cost way to obtain broad Canadian equity exposure.