VS
Compare RBC Target 2031 Canadian Government Bond ETF (RGQT) vs BMO Long Federal Bond Index ETF (ZFL) to find the best fit for your portfolio. RGQT provides Municipal, Sovereign, and Government Agencies exposures, while ZFL is primarily weighted in Sovereign. When evaluating costs, RGQT features a management fee (MER) of 0.15%, compared to 0.2% for ZFL. Performance-wise, RGQT has returned 0.51% year-to-date with +$91 M in net flows, whereas ZFL is at 2.57% with +$180 M. 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
RGQT
ZFL
| AuM | $136.53 M | $1,376.74 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.17% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQT | +0.84% | -0.68% | +0.51% | -0.47% | - |
ZFL | +1.76% | -2.82% | -2.57% | -6.17% | +4.00% | |
| Flows | RGQT | +$9 M | +$17 M | +$91 M | +$103 M | - |
ZFL | +$76 M | +$123 M | +$180 M | -$1,402 M | -$1,154 M |
RGQT vs ZFL exposure
Countries
RGQT
Canada
99.95%
ZFL
Canada
100.00%
Sectors
RGQT
Municipal
47.26%
Sovereign
32.44%
Government Agencies
18.06%
ZFL
Sovereign
100.00%
As of October 16, 2026
Top 10 Holdings
RGQT
Canada, Bonds 2.75% 1mar2031, CAD
13.54%
Canada, Bond 1.5 1jun2031 10Y
10.90%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
10.90%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
8.78%
Canada, Bonds 1.5% 1dec2031 10Y
7.99%
Canada Housing Trust, 1.6% 15dec2031, CAD (101)
7.16%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
6.90%
British Columbia, 1.55% 18jun2031, CAD (BCCD-41)
6.20%
Alberta, 1.65% 1jun2031, CAD
5.40%
Province of Ontario, 2.25% 2dec2031, CAD (DMTN253)
4.92%
ZFL
Canada, Bond 2 1jan2051 30Y
21.12%
Canada, Bonds 2.75% 1dec2055, CAD
16.14%
Canada, Bonds 3.5% 1dec2057, CAD
15.61%
Canada, Bond 3.5 1dec2045 30Y
14.76%
Canada, Bond 4 1jun2041 30Y
12.42%
Canada, Bond 2.75 1dec2048 30Y
11.36%
Canada, Bond 1.75 1dec2053 30Y
8.59%
Diversification
RGQT
Total weight of top 10 holdings out of 18 total
82.71%
ZFL
Total weight of top 10 holdings out of 7 total
100.00%
Characteristics
Compare
RGQT
ZFL
| Provider | RBC Global Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE TMX Canada Long Term Federal Bond TR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.85% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | May 19, 2010 |
Frequently asked questions about RGQT and ZFL
Which ETF has performed better year to date: RGQT or ZFL?
As of October 16, 2026, RGQT has returned 0.51% year to date, while ZFL has returned -2.57%. RGQT is ahead on YTD performance.
Which ETF is larger by assets under management: RGQT or ZFL?
As of October 16, 2026, RGQT manages $136.53 M in assets, while ZFL manages $1.38 B. ZFL is the larger fund by AUM.
How are RGQT and ZFL managed?
RGQT is actively managed by RBC Global Asset Management. It does not track an index. ZFL is passively managed by BMO. It tracks the FTSE TMX Canada Long Term Federal Bond TR Index - CAD benchmark.
What sectors do RGQT and ZFL emphasize?
RGQT is most exposed to Municipal, Sovereign, and Government Agencies. ZFL is most exposed to Sovereign.
Which ETF is attracting more investor flows: RGQT or ZFL?
Year to date, RGQT has seen +$90.86 M in net flows, compared with +$180.23 M for ZFL. ZFL has attracted more net investor money so far.
How do the fees of RGQT and ZFL compare?
RGQT has an expense ratio of 0.17%, while ZFL has an expense ratio of 0.22%.
What are the top holdings of RGQT and ZFL?
RGQT's largest holdings include Canada, Bonds 2.75% 1mar2031, CAD, Canada, Bond 1.5 1jun2031 10Y, and Canada Housing Trust, 1.1% 15mar2031, CAD (95). ZFL's top holdings include Canada, Bond 2 1jan2051 30Y, Canada, Bonds 2.75% 1dec2055, CAD, and Canada, Bonds 3.5% 1dec2057, CAD.
Which ETF is more diversified: RGQT or ZFL?
RGQT holds 18 securities, while ZFL holds 7. On holdings count, RGQT is the more diversified portfolio.
Recent articles about RGQT and ZFL
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.