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BMO Monthly Income ETF (ZMI.TO) ETF Analysis

ZMI.TO

Expense ratio 0.18% Yield 3.55% Since January 24, 2022 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$19.88

+CA$0.06 (+0.33%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZMI.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+11.64%	+11.64%	CA$111.64	CA$334.92
3 years	+51.68%	+14.90%	CA$151.68	CA$455.05
5 years	+48.98%	+8.30%	CA$148.98	CA$446.95
10 years	+94.01%	+6.85%	CA$194.01	CA$582.02

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

ZMI.TO Return by Calendar Year

2016 and 2026 are partial years

−5.76%+13.60%+10.20%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+10.20%
2025	+11.38%
2024	+13.60%
2023	+9.17%
2022	−5.76%
2021	+11.38%
2020	+2.54%
2019	+13.52%
2018	−2.39%
2017	+4.98%
2016 (partial year)	−1.42%

ZMI.TO Monthly Returns

−11%+8%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+2.0	+3.3	−2.2	+1.9	+3.3	+1.4	−0.3	+0.3	−0.7	+1.0	—	—
2025	+2.5	+0.6	−0.6	−2.9	+1.9	+1.7	+0.7	+2.1	+2.7	+0.9	+2.8	−1.4
2024	+0.9	+1.6	+2.0	−2.0	+1.7	+0.9	+3.4	+1.3	+1.9	+0.1	+2.4	−1.1
2023	+3.5	−1.2	+0.6	+1.8	−3.1	+1.8	+1.5	−0.1	−2.9	−0.8	+5.1	+2.9
2022	−1.4	−2.0	+0.2	−3.1	+0.6	−4.4	+3.8	−2.3	−3.0	+3.0	+5.3	−2.2
2021	−0.6	+0.5	+2.9	+0.2	+1.1	+1.5	+1.5	+1.3	−2.1	+1.2	−0.2	+3.7
2020	+1.2	−3.8	−10.9	+6.0	+0.9	+2.0	+1.4	+1.3	−0.5	−2.2	+7.3	+1.0
2019	+3.8	+1.7	+1.6	+1.2	−1.4	+1.4	+0.6	+0.2	+2.3	−0.4	+1.8	−0.0
2018	−0.4	−0.4	−0.2	+0.4	+0.5	+0.6	+1.0	+0.4	−0.1	−2.3	+1.0	−2.7
2017	−0.6	+2.0	+1.0	+1.6	+0.5	−1.7	−1.1	+0.8	+0.2	+2.1	+0.8	−0.6

Monthly total returns with dividends reinvested; each cell prints its signed value.

ZMI.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 8.85%
Beta (3y): 0.94
Best year: +13.60%
Worst year: −5.76%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	ZCB.TO	BMO Corporate Bond ETF	24.36%
2	ZDY.TO	BMO US Dividend ETF (CAD)	20.69%
3	ZWG.TO	BMO Global High Dividend Cvrd Call ETF	14.83%
4	ZDV.TO	BMO Canadian Dividend ETF	13.58%
5	ZMU.TO	BMO MT US IG Corp Bd Hdgd to CAD ETF	10.24%
6	ZDI.TO	BMO International Dividend ETF	6.29%
7	ZPAY-F.TO	BMO Premium Yield ETF Hedged	5.1%
8	ZHP.TO	BMO US Preferred Sh Hgd CAD ETF	4.89%

Analysis

Data-derived

Fund Overview

BMO Monthly Income ETF (ZMI.TO) is an exchange-traded fund. Annual costs run at an expense ratio of 0.18%. On a CA$10,000 position that is CA$18.00 a year. BMO Asset Management Inc is the fund family on file. The inception date on file is January 24, 2022.

Its biggest positions are BMO Corporate Bond ETF (ZCB.TO), BMO US Dividend ETF (CAD) (ZDY.TO), and BMO Global High Dividend Cvrd Call ETF (ZWG.TO). BMO Corporate Bond ETF alone accounts for 24.36% of the portfolio.

Performance Analysis

The most recent close on file for ZMI.TO is CA$19.88, dated October 21, 2026. Over the trailing twelve months the total return is +11.64%. Across 10 years the annualized return works out at +6.85%. The trailing distribution yield is 3.55%.

Across the complete calendar years on file, 2024 returned +13.60% and 2022 returned −5.76%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +10.20% year to date.

Price & Risk Profile

The 52-week range on file runs from CA$18.27 to CA$20.20. The latest close sits 8.81% above that 52-week low. Daily returns over the trailing 10 years annualize to a volatility of 8.85%. The reported beta is 0.94. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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