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ZVC ETF · BMO MSCI Canada Value Index ETF
The ZVC Exchange Traded Fund (ETF) is provided by BMO. It is built to track an index: MSCI Canada Enhanced Value Capped Index. The ZVC ETF provides physical exposure, so by buying it you actually own parts of all the 50 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofDeveloped Market Blended Cap1M perf.-3.94%
Last price
$39.30
1M perf.
-1.25%
1M flows
+€1.2M
AuM
€29M
E/R
0.4%
Rating
ESG Consensus®
ZVC
$39.30
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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ZVC
$39.25
+5.01%
Developed Market Blended Cap
-0.95%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.25%  | +5.01% | +40.19% | +72.34%  | +106.14% | -3.82% | +4.34% | +4.34% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/13/2026
$39.25
1D NAV change
-0.53%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
50
Inception date
10/4/2017
Jurisdiction
Canada
Distribution
Canada
Legal structure
Open-end Investment Trust
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
BMO MSCI Canada Value Index ETF has been designed to replicate to the extent possible, the performance of the MSCI Canada Enhanced Value Capped Index, net of expenses. The ETF invests in Canadian companies that have higher value characteristics based on; price-to-book value, price-to-forward earnings and enterprise value-to cash flow from operations. The Fund may also invest in or hold securities intended to replicate the performance of the Index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +5.01% | +40.19% | +72.34% | +106.14% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Countries
Canada
100.00%
Sectors
Financials
36.63%
Energy
16.71%
Materials
11.39%
Information Technology
7.42%
Industrials
4.62%
Consumer Discretionary
3.06%
Consumer Staples
2.58%
Utilities
2.46%
Unavailable
14.14%
Other
1.00%
Diversification
Total weight of top 15 holdings out of 50
Top 15 holdings
Data as of January 31, 2026
TORONTO DOMINION
CA06849F1080
BNS
SUNCOR ENERGY
BANK OF MONTREAL
MANULIFE-S
CA13646K1084
CGI INC
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CDN IMPERIAL BK
CDN NATURAL RESOURCE
NUTRIEN LTD
KINROSS GOLD
OPEN TEXT
CENOVUS ENERGY
CDN NATL RAILWAY
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about ZVC ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
ZVC’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
63.33% of holdings have positive scoring
36.67% of holdings have negative scoring
48.55%
14.32%
5.90%
20.04%
10.73%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
MSCI Canada Enhanced Value Capped Index - CAD
Index ticker
M8CXBMO Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
BMO
BMO ID Card
Number of funds
276
Total AuM
€114.93B
Expense ratio range
0.05% - 1.17%
Average expense ratio
0.4463%
Top 5 funds by BMO
| AuM | ||
|---|---|---|
ZSP | BMO S&P 500 Index ETF | €13.16B |
ZCN | BMO S&P/TSX Capped Composite Index ETF | €9.46B |
ZAG | BMO Aggregate Bond Index ETF | €7.75B |
ZEA | BMO MSCI EAFE Index ETF | €7.34B |
ZLB | BMO Low Volatility Canadian Equity ETF | €3.74B |
Frequently asked questions about ZVC
What does BMO MSCI Canada Value Index ETF, ZVC, invest in?
ZVC is a Passive ETF. This ETF provides exposure to Other Large and Mid-Cap Canadian Equities.
Which benchmark or index does ZVC replicate?
ZVC tracks the MSCI Canada Enhanced Value Capped Index - CAD, through a full replication replication method.
What is the Total Expense ratio (TER) of ZVC?
ZVC carries a total expense ratio (TER) of 0.4%, indicating the annual cost for holding the fund.
When was ZVC launched?
ZVC was introduced to the market on October 4, 2017. It trades on Canada
Who is the ETF issuer of ZVC?
BMO MSCI Canada Value Index ETF, ZVC, is provided by BMO. Learn more about BMO here.
What is the current assets under management (AUM) of ZVC?
ZVC oversees €29M in assets as of March 13, 2026.
How has ZVC performed lately?
Based on data from March 13, 2026, ZVC returned -1.25% over the past month, 5.01% over the last three months and 4.34% year-to-date.
What are the latest inflows or outflows for ZVC?
As of March 13, 2026, ZVC recorded net flows of +€1.3M over the last month and +€1.3M year-to-date.
Does ZVC distribute dividends?
ZVC follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 2.14%.
What are the main country or region exposures of ZVC?
As of January 31, 2026, ZVC has significant geographic allocations in Canada.
In which sector or theme does ZVC invest in?
As of January 31, 2026, ZVC focuses largely on Financials, Energy and Materials.
How many securities does ZVC hold and how diversified is it?
As of January 31, 2026, ZVC holds 50 positions in its portfolio, with 68.71% of assets concentrated in its top 15 holdings.
What are the main positions in ZVC?
As of January 31, 2026, ZVC top three holdings include TORONTO DOMINION, CA06849F1080 and BNS.
What is the base currency of ZVC?
The base currency of ZVC is CAD.
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