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BMO Low Volatility International Equity Hedged to CAD ETF (ZLD : TSX)
International Equity
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FundGrade D
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade D
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FundGrade A+® Rating Recipient
2019
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|
Close (10-27-2026) |
$32.67 |
|---|---|
| Change |
-$0.03
(-0.09%)
|
| Open | $32.61 |
|---|---|
| Day Range | $32.58 - $32.61 |
| Volume | 2,300 |
As at September 30, 2026
As at September 30, 2026
As at September 30, 2026
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Legend
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Fund Returns
Inception Return (February 04, 2016): 6.64%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | -2.59% | 2.41% | 2.51% | 5.23% | 6.64% | 6.75% | 10.35% | 11.50% | 6.49% | 8.21% | 5.56% | 5.72% | 6.25% | 6.38% |
| Benchmark | -0.25% | -0.03% | 17.55% | 19.42% | 24.17% | 21.84% | 22.45% | 22.69% | 12.28% | 13.48% | 11.98% | 10.36% | 9.98% | 10.30% |
| Category Average | -1.13% | 11.07% | 11.07% | 10.31% | 11.71% | 12.38% | 15.82% | 16.72% | 7.93% | 9.41% | 8.72% | 7.62% | 7.16% | 7.67% |
| Category Rank | 813 / 880 | 73 / 860 | 844 / 848 | 710 / 837 | 634 / 807 | 615 / 753 | 640 / 714 | 622 / 678 | 484 / 662 | 457 / 639 | 553 / 593 | 478 / 552 | 398 / 509 | 377 / 453 |
| Quartile Ranking | 4 | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.03% | 0.83% | -0.52% | 0.54% | 7.60% | -5.11% | -0.71% | -0.23% | 1.05% | 4.63% | 0.48% | -2.59% |
| Benchmark | 2.68% | -0.03% | 1.29% | 5.56% | 6.62% | -9.73% | 7.20% | 7.01% | 2.50% | -1.25% | 1.50% | -0.25% |
Best Monthly Return Since Inception
10.46% (November 2020)
Worst Monthly Return Since Inception
-12.76% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 12.61% | 1.07% | 16.88% | -5.53% | 12.64% | -7.68% | 12.61% | 11.06% | 9.29% |
| Benchmark | -1.70% | 18.37% | -6.81% | 16.27% | 8.01% | 8.97% | -10.67% | 15.74% | 11.18% | 27.50% |
| Category Average | -2.56% | 17.84% | -8.91% | 17.54% | 7.87% | 8.64% | -12.60% | 13.75% | 10.76% | 17.77% |
| Quartile Ranking | - | 4 | 1 | 3 | 4 | 1 | 2 | 3 | 3 | 4 |
| Category Rank | - | 384/ 455 | 4/ 515 | 315/ 572 | 596/ 617 | 127/ 644 | 193/ 664 | 444/ 689 | 480/ 724 | 622/ 755 |
Best Calendar Return (Last 10 years)
16.88% (2019)
Worst Calendar Return (Last 10 years)
-7.68% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| International Equity | 98.14 |
| Income Trust Units | 1.97 |
| Cash and Equivalents | -0.13 |
| Other | 0.02 |
Sector Allocation
| Name | Percent |
|---|---|
| Financial Services | 20.38 |
| Industrial Services | 13.15 |
| Telecommunications | 10.90 |
| Consumer Goods | 10.86 |
| Utilities | 10.82 |
| Other | 33.89 |
Geographic Allocation
| Name | Percent |
|---|---|
| Europe | 62.56 |
| Asia | 36.26 |
| Africa and Middle East | 1.74 |
| North America | -0.53 |
| Other | -0.03 |
Top Holdings
| Name | Percent |
|---|---|
| BMO Low Volatility International Equ ETF (ZLI) | 100.59 |
| CANADIAN DOLLAR | 0.14 |
| EURO CURRENCY | 0.00 |
| SINGAPORE DOLLAR | 0.00 |
| USD Currency Forward | 0.00 |
| CAD Currency Forward | -0.74 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
BMO Low Volatility International Equity Hedged to CAD ETF
Median
Other - International Equity
3 Yr Annualized
| Standard Deviation | 8.40% | 9.63% | 10.24% |
|---|---|---|---|
| Beta | 0.41% | 0.54% | 0.65% |
| Alpha | 0.02% | 0.00% | 0.00% |
| Rsquared | 0.31% | 0.54% | 0.61% |
| Sharpe | 0.83% | 0.39% | 0.47% |
| Sortino | 1.63% | 0.61% | 0.52% |
| Treynor | 0.17% | 0.07% | 0.07% |
| Tax Efficiency | 90.22% | 84.90% | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 11.06% | 8.40% | 9.63% | 10.24% |
| Beta | 0.34% | 0.41% | 0.54% | 0.65% |
| Alpha | -0.01% | 0.02% | 0.00% | 0.00% |
| Rsquared | 0.25% | 0.31% | 0.54% | 0.61% |
| Sharpe | 0.43% | 0.83% | 0.39% | 0.47% |
| Sortino | 0.64% | 1.63% | 0.61% | 0.52% |
| Treynor | 0.14% | 0.17% | 0.07% | 0.07% |
| Tax Efficiency | 86.18% | 90.22% | 84.90% | - |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
Fund Details
| Start Date | February 04, 2016 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $34 |
| 52 Week High | $33.05 |
| 52 Week Low | $28.79 |
| Annual Dividend | $0.68 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
ETF Characteristics
| Exposure | 1x performance |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
Investment Objectives
BMO Low Volatility International Equity Hedged to CAD ETF has been designed to provide exposure to a low beta weighted portfolio of international stocks in developed countries outside of North America. Beta measures the security's sensitivity to market movements.
Investment Strategy
ZLD utilizes a rules based methodology to build a portfolio of less market sensitive stocks from a universe of international large cap stocks. The underlying portfolio is rebalanced in June and reconstituted in December.
Portfolio Management
| Portfolio Manager |
BMO Asset Management Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
BMO Asset Management Inc. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
State Street Trust Company Canada |
| Distributor |
- |
Fees
| MER | 0.45% |
|---|---|
| Management Fee | 0.40% |
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