Purpose Tactical Thematic Fund (RTT) and BMO AAA CLO ETF (ZAAA.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RTT focuses its top 3 sector exposures on Technology, Consumer Cyclicals, and Consumer Services, while ZAAA.U leans towards Industrials, Non-Corporate, and Finance. When evaluating costs, RTT features a management fee (MER) of 0.5%, compared to 0.23% for ZAAA.U. Performance-wise, RTT has returned 14.22% year-to-date with +$0 M in net flows, whereas ZAAA.U is at 3.7% with +$4 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
RTT
ZAAA.U
| AuM | $4.07 M | $14.82 M |
| Management Fees | 0.50% | 0.23% |
| Exp. ratio | 1.04% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RTT | -4.96% | -0.77% | +14.22% | +7.55% | +50.35% |
ZAAA.U | +0.33% | +1.23% | +3.70% | +4.78% | - | |
| Flows | RTT | +$0 M | +$0 M | +$0 M | +$0 M | +$1 M |
ZAAA.U | +$2 M | +$2 M | +$4 M | +$6 M | +$0 M |
RTT vs ZAAA.U exposure
Countries
RTT
Other
79.00%
Other
21.00%
ZAAA.U
Other
79.83%
USA
20.16%
Sectors
RTT
Other
79.00%
Technology
17.71%
ZAAA.U
Other
79.84%
Industrials
20.06%
As of October 20, 2026
Top 10 Holdings
RTT
US37954Y8710
20.44%
US37954Y6326
20.01%
US37954Y6730
19.19%
CA74642C3003
10.39%
CA74642X1069
8.13%
Nintendo Co., Ltd.
1.77%
NetEase, Inc.
1.58%
Tencent Holdings Ltd.
1.55%
Unity Software, Inc.
1.48%
Bandai Namco Holdings, Inc.
1.40%
ZAAA.U
US671026AW26
2.63%
US29003UAJ88
2.45%
US92920DAL91
2.36%
US03790TAA25
2.36%
Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1)
2.35%
US67126BAA17
2.28%
US97718UAA07
2.18%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.99%
US38139AAU51
1.91%
US14320NAA19
1.63%
Diversification
RTT
Total weight of top 10 holdings out of 30 total
85.94%
ZAAA.U
Total weight of top 10 holdings out of 1,448 total
22.14%
Characteristics
Compare
RTT
ZAAA.U
| Provider | Purpose Investments | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.93% | 5.08% |
| Meets ESG criteria | No | No |
| Inception Date | October 19, 2023 | April 30, 2025 |
Frequently asked questions about RTT and ZAAA.U
Which ETF has performed better year to date: RTT or ZAAA.U?
As of October 20, 2026, RTT has returned 14.22% year to date, while ZAAA.U has returned 3.70%. RTT is ahead on YTD performance.
Which ETF is larger by assets under management: RTT or ZAAA.U?
As of October 20, 2026, RTT manages $4.07 M in assets, while ZAAA.U manages $14.82 M. ZAAA.U is the larger fund by AUM.
How are RTT and ZAAA.U managed?
RTT is actively managed by Purpose Investments. It does not track an index. ZAAA.U is actively managed by BMO. It does not track an index.
What sectors do RTT and ZAAA.U emphasize?
RTT is most exposed to Technology, Consumer Cyclicals, and Consumer Services. ZAAA.U is most exposed to Industrials, Non-Corporate, and Finance.
Which ETF is attracting more investor flows: RTT or ZAAA.U?
Year to date, RTT has seen +$0.01 M in net flows, compared with +$4.17 M for ZAAA.U. ZAAA.U has attracted more net investor money so far.
How do the fees of RTT and ZAAA.U compare?
RTT has an expense ratio of 1.04%, while ZAAA.U has an expense ratio of 0.23%.
What are the top holdings of RTT and ZAAA.U?
RTT's largest holdings include Nintendo Co., Ltd. and NetEase, Inc.. ZAAA.U's top holdings include Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1) and AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1).
Which ETF is more diversified: RTT or ZAAA.U?
RTT holds 25 securities, while ZAAA.U holds 152. On holdings count, ZAAA.U is the more diversified portfolio.
Recent articles about RTT and ZAAA.U
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.