ZFC.TO
BMO SIA Focused Canadian Equity Fund
Canadian
EQUITY
Active
MANAGEMENT STYLE
$ 106.9 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Dec 06, 2018 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MDA SPACE LTD | 7.3 % |
| AECON GROUP INC | 6.1 % |
| FINNING INTERNATIONAL INC | 6.0 % |
| BAYTEX ENERGY CORP | 6.0 % |
| TAMARACK VALLEY ENERGY LTD. | 6.0 % |
| EXCHANGE INCOME CORPORATION | 6.0 % |
| ALTAGAS INCOME TRUST | 6.0 % |
| CAN IMPERIAL BK OF COMMERCE | 5.8 % |
| NATIONAL BANK OF CANADA | 5.8 % |
| ARITZIA, INC. | 5.7 % |
Constituent Breakdown
| Number of holdings | 19 |
| Herfindahl-Hirschman Index | 578 |
| Wgt avg mkt cap (mns) | $27,849 |
| Large cap (>$10bn) | 22.9% |
| Mid cap ($2-10bn) | 57.7% |
| Small cap (<$2bn) | 6.1% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 88.5 % |
 |
UNITED STATES | 5.5 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.0% | 29.3% | 19.6% | 16.0% | 9.9% | -- | -- | 10.0% |
| Dividend Yield | 0.0% | 0.2% | 0.1% | 0.3% | 0.9% | -- | -- | 1.0% |
| Total Returns | 17.0% | 29.5% | 19.7% | 16.3% | 10.8% | -- | -- | 10.9% | Ann. Volatility | 16.7% | 17.3% | 16.1% | 14.7% | 13.7% | -- | -- | 15.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.27 | 3% |
| MSCI EAFE | 0.26 | 5% |
| MSCI Emg Mkts | 0.21 | 6% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $59.08 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.70/0.61 |
| Bollinger Bands (Upper/Lower) | $60.96/$58.03 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZFC.TO |
Expenses vs. ZFC.TO |
ALTAR Score™ vs. ZFC.TO |
|---|---|---|---|---|
| WXM.TO | CI Morningstar Canada Momentum Index ETF | 24.0% | -15 bp | +0.7% |
| FST.TO | First Trust Canadian Capital Strength ETF | 23.4% | -9 bp | +1.6% |
| ZFN.TO | BMO SIA Focused North American Equity Fund | 21.9% | 0 bp | -1.2% |
| FXM.TO | CI Morningstar Canada Value Index ETF | 15.9% | -15 bp | +3.3% |
| MCSM.TO | Manulife Multifactor Canadian SMID Cap Index ETF | 13.4% | -25 bp | +0.9% |
| DGRC.TO | CI Canada Quality Dividend Growth Index ETF | 13.0% | -54 bp | +3.5% |
| XCSR.TO | iShares ESG Advanced MSCI Canada Index ETF | 12.4% | -60 bp | +1.8% |
| HAL.TO | Global X Active Canadian Dividend ETF | 11.7% | -20 bp | +0.2% |
| ZIN.TO | BMO Equal Weight Industrials Index ETF | 11.7% | -20 bp | +0.1% |
| ZUT.TO | BMO Equal Weight Utilities Index ETF | 11.7% | -20 bp | -0.7% |
Risk and Returns: ZFC.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
4.0%
ALTAR SCORE™
9th
PERCENTILE
AVOID
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. ZFC.TO's ALTAR Score™ is approximately -1.3 standard
deviations above the category average. This places ZFC.TO in the 9th percentile
among funds in the category.
Sell-Side Consensus
$52.12
PRICE TARGET
-16.3%
UPSIDE