ZLE.TO
BMO Low Volatility Emerging Markets Equity ETF
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 95.9 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Inception date | May 10, 2016 |
| 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
| TAIWAN SEMICONDUCTOR MANUFAC | 6.2 % |
| BMO MSCI EMERGING MARKETS INDEX ETF | 4.9 % |
| SAMSUNG ELECTRONICS CO LTD | 4.7 % |
| HYNIX SEMICONDUCTOR INC | 4.2 % |
| NEBIUS GROUP NV | 2.9 % |
| TENCENT HOLDINGS LTD | 2.1 % |
| SAMSUNG ELECTRONICS-PFD | 1.9 % |
| SAMSUNG ELECTRO-MECHANICS CO | 1.5 % |
| CHUNGHWA TELECOM CO., LTD | 1.4 % |
| RELIANCE INDS-SPONS GDR 144A | 1.4 % |
Constituent Breakdown
| Number of holdings | 250 |
| Herfindahl-Hirschman Index | 160 |
| Wgt avg mkt cap (mns) | $171,757 |
| Large cap (>$10bn) | 68.7% |
| Mid cap ($2-10bn) | 20.6% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 5.7% |
| Emerging mkts. | 87.0% |
Sector Breakdown
Country Exposure
 |
CHINA | 20.3 % |
 |
TAIWAN | 19.4 % |
 |
SOUTH KOREA | 17.7 % |
 |
INDIA | 12.8 % |
 |
SAUDI ARABIA | 3.2 % |
 |
BRAZIL | 2.9 % |
 |
NETHERLANDS | 2.9 % |
 |
HONG KONG | 2.7 % |
 |
MALAYSIA | 1.9 % |
 |
UAE | 1.7 % |
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 | 26.4% | 41.0% | 23.2% | 17.7% | 5.8% | 3.3% | -- | 3.2% |
| Dividend Yield | 0.0% | 4.4% | 4.1% | 4.1% | 3.4% | 2.5% | -- | 2.5% |
| Total Returns | 26.4% | 45.5% | 27.3% | 21.8% | 9.2% | 5.8% | -- | 5.7% | Ann. Volatility | 17.6% | 14.5% | 13.8% | 12.5% | 13.0% | 14.1% | -- | 14.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 28% |
| MSCI EAFE | 0.49 | 26% |
| MSCI Emg Mkts | 0.48 | 42% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $25.82 |
| Relative strength (RSI) | 70 |
| MACD/Signal | 0.70/0.63 |
| Bollinger Bands (Upper/Lower) | $27.73/$24.71 |
| 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. ZLE.TO |
Expenses vs. ZLE.TO |
ALTAR Score™ vs. ZLE.TO |
|---|---|---|---|---|
| DRME.TO | Desjardins RI Emerging Markets - Net-Zero Emissions Pathway | 37.9% | -10 bp | +0.8% |
| ZEM.TO | BMO MSCI Emerging Markets Index ETF | 34.9% | -20 bp | +0.8% |
| DMEE.TO | Desjardins Emerging Markets Equity Index ETF | 34.7% | -20 bp | +1.0% |
| XSEM.TO | iShares ESG Aware MSCI Emerging Markets Index ETF | 34.3% | -14 bp | +0.6% |
| QEE.TO | Mackenzie Emerging Markets Equity Index ETF | 33.8% | -23 bp | +1.0% |
| CEMI.TO | CIBC MSCI Emerging Markets Equity Index ETF | 33.7% | -23 bp | +1.1% |
| XEC.TO | iShares Core MSCI Emerging Markets IMI Index ETF | 33.2% | -20 bp | +1.3% |
| DRFE.TO | Desjardins RI Emerging Markets Multifactor - Net-Zero Emissi | 26.0% | +20 bp | +0.7% |
| CAEM.TO | Avantis CIBC Emerging Markets Equity ETF | 22.8% | -6 bp | +0.7% |
| ZCH.TO | BMO MSCI China Selection Equity Index ETF | 12.5% | +15 bp | +20.2% |
Risk and Returns: ZLE.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 6/4/2026
Peer Group Comparison
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ETF Research Center Rating
7.1%
ALTAR SCORE™
47th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 212 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. ZLE.TO's ALTAR Score™ is approximately -0.1 standard
deviations above the category average. This places ZLE.TO in the 47th percentile
among funds in the category.
Sell-Side Consensus
$29.3
PRICE TARGET
+3.6%
UPSIDE