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Compare CIBC 2027 Investment Grade Bond Fund (CTBC) vs BMO Aggregate Bond Index ETF (ZAG) to find the best fit for your portfolio. CTBC provides Finance, Utilities, and Consumer Non-Cyclicals exposures, while ZAG is primarily weighted in Sovereign, Municipal, and Finance. When evaluating costs, CTBC features a management fee (MER) of 0.15%, compared to 0.08% for ZAG. Performance-wise, CTBC has returned 2.04% year-to-date with +$50 M in net flows, whereas ZAG is at 1.22% with +$2 B. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CTBC
ZAG
| AuM | $101.41 M | $13,609.02 M |
| Management Fees | 0.15% | 0.08% |
| Exp. ratio | 0.23% | 0.09% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBC | +0.13% | +0.56% | +2.04% | +2.28% | - |
ZAG | +1.18% | +0.90% | +1.22% | +0.36% | +14.60% | |
| Flows | CTBC | +$5 M | +$16 M | +$50 M | +$58 M | - |
ZAG | +$261 M | +$382 M | +$1,622 M | +$2,068 M | +$7,682 M |
CTBC vs ZAG exposure
Countries
CTBC
Canada
89.59%
Other
10.41%
ZAG
Canada
95.65%
Sectors
CTBC
Finance
50.22%
Utilities
9.39%
Consumer Non-Cyclicals
7.76%
Other
32.64%
ZAG
Sovereign
34.55%
Municipal
30.80%
Finance
11.12%
Government Agencies
9.39%
Other
14.14%
As of November 11, 2026
Top 10 Holdings
CTBC
Ontario Teachers Finance Trust, 1.1% 19oct2027, CAD
5.31%
Heathrow Funding, 2.694% 13oct2027, CAD (MPLE, ABS)
5.16%
John Deere Financial Inc., 1.34% 8sep2027, CAD
5.14%
Bank of Nova Scotia, 1.4% 1nov2027, CAD
5.11%
Dream Industrial REIT, 2.057% 17jun2027, CAD
4.97%
Stantec, 2.048% 8oct2027, CAD
4.97%
Allied Properties REIT, 3.113% 8apr2027, CAD
4.82%
Canadian Western Bank, 1.818% 16dec2027, CAD
4.71%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
4.63%
Saputo, 2.242% 16jun2027, CAD (7)
4.48%
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.26%
Canada, Bonds 2.5% 1nov2027, CAD
3.74%
Canada, Bonds 2.25% 1feb2028, CAD
2.97%
Canada, Bond 2.25 1jun2029 10Y
2.92%
Canada, Bonds 2.75% 1dec2055, CAD
2.80%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.69%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.35%
Bank of Montreal, 3.19% 1mar2028, CAD
2.25%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.23%
Canada, Bonds 2.75% 1mar2030, CAD
2.20%
Diversification
CTBC
Total weight of top 10 holdings out of 32 total
49.30%
ZAG
Total weight of top 10 holdings out of 86 total
28.40%
Characteristics
Compare
CTBC
ZAG
| Provider | CIBC | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Bond TR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.75% | 3.43% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2024 | January 19, 2010 |
Frequently asked questions about CTBC and ZAG
Which ETF has performed better year to date: CTBC or ZAG?
As of November 11, 2026, CTBC has returned 2.04% year to date, while ZAG has returned 1.22%. CTBC is ahead on YTD performance.
Which ETF is larger by assets under management: CTBC or ZAG?
As of November 11, 2026, CTBC manages $101.41 M in assets, while ZAG manages $13.61 B. ZAG is the larger fund by AUM.
How are CTBC and ZAG managed?
CTBC is actively managed by CIBC. It does not track an index. ZAG is passively managed by BMO. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark.
What sectors do CTBC and ZAG emphasize?
CTBC is most exposed to Finance, Utilities, and Consumer Non-Cyclicals. ZAG is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: CTBC or ZAG?
Year to date, CTBC has seen +$49.87 M in net flows, compared with +$1,622.04 M for ZAG. ZAG has attracted more net investor money so far.
How do the fees of CTBC and ZAG compare?
CTBC has an expense ratio of 0.23%, while ZAG has an expense ratio of 0.09%.
What are the top holdings of CTBC and ZAG?
CTBC's largest holdings include Ontario Teachers Finance Trust, 1.1% 19oct2027, CAD, Heathrow Funding, 2.694% 13oct2027, CAD (MPLE, ABS), and John Deere Financial Inc., 1.34% 8sep2027, CAD. ZAG's top holdings include Canada, Bonds 3% 1jun2034, CAD, Canada, Bonds 2.5% 1nov2027, CAD, and Canada, Bonds 2.25% 1feb2028, CAD.
Which ETF is more diversified: CTBC or ZAG?
CTBC holds 32 securities, while ZAG holds 86. On holdings count, ZAG is the more diversified portfolio.
Recent articles about CTBC and ZAG
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