z55man 

You are missing the point. You may only pay one trading fee with ZEB, but you pay a 0.62% MER (management expense ratio) every single year you own it. 

I personally own over $100K in the big banks. It costs me $0.00 every year to continue to hold these equities (read zero, zilch, nada, nothing), but at 0.62%, it would cost me well over $620 every year to hold them if I held them in ZEB.  I prefer to keep that $620+ in my pocket.