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TD Target 2026 Investment Grade Bond ETF (TBCF) and Global X 0-3 Month T-Bill ETF (CBIL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TBCF focuses its top 3 sector exposures on Finance, Energy, and Telecommunications, while CBIL leans towards Sovereign. When evaluating costs, TBCF features a management fee (MER) of 0.2%, compared to 0.1% for CBIL. Performance-wise, TBCF has returned 1.7% year-to-date with -$46 M in net flows, whereas CBIL is at 1.46% with +$1 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
TBCF
CBIL
| AuM | $102.04 M | $2,749.13 M |
| Management Fees | 0.20% | 0.10% |
| Exp. ratio | 0.23% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBCF | +0.26% | +0.67% | +1.70% | +2.76% | - |
CBIL | +0.18% | +0.55% | +1.46% | +2.24% | +7.35% | |
| Flows | TBCF | -$20 M | -$34 M | -$46 M | -$35 M | - |
CBIL | +$243 M | +$496 M | +$1,159 M | +$1,154 M | +$2,282 M |
TBCF vs CBIL exposure
Countries
TBCF
Canada
98.32%
CBIL
Canada
99.99%
Sectors
TBCF
Finance
65.67%
Energy
18.84%
Other
15.49%
CBIL
Sovereign
99.99%
As of September 3, 2026
Top 10 Holdings
TBCF
Bank of Nova Scotia, 1.85% 2nov2026, CAD
9.58%
Suncor Energy, 5.4% 17nov2026, CAD (10)
9.07%
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
7.83%
Rogers Communications, 5.65% 21sep2026, CAD
6.46%
Ford Credit Canada Co, 6.326% 10nov2026, CAD
5.87%
CNH Industrial Capital Canada, 5.5% 11aug2026, CAD
5.87%
Sun Life Financial, 2.46% 18nov2031, CAD (2021-1)
5.65%
Federation des caisses Desjardins du Quebec, 1.587% 10sep2026, CAD
5.50%
iA Financial Corporation, 3.072% 24sep2031, CAD
5.37%
Pembina Pipeline Corporation, 3.71% 11aug2026, CAD (7)
5.27%
CBIL
Canada, Bills 0% 9nov2023, CAD (364D)
99.99%
Diversification
TBCF
Total weight of top 10 holdings out of 21 total
66.46%
CBIL
Total weight of top 10 holdings out of 1 total
99.99%
Characteristics
Compare
TBCF
CBIL
| Provider | TD Asset Management | Global X |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.03% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | April 9, 2024 | April 12, 2023 |
Frequently asked questions about TBCF and CBIL
Which ETF has performed better year to date: TBCF or CBIL?
As of September 3, 2026, TBCF has returned 1.70% year to date, while CBIL has returned 1.46%. TBCF is ahead on YTD performance.
Which ETF is larger by assets under management: TBCF or CBIL?
As of September 3, 2026, TBCF manages $102.04 M in assets, while CBIL manages $2.75 B. CBIL is the larger fund by AUM.
How are TBCF and CBIL managed?
TBCF is actively managed by TD Asset Management. It does not track an index. CBIL is actively managed by Global X. It does not track an index.
What sectors do TBCF and CBIL emphasize?
TBCF is most exposed to Finance, Energy, and Telecommunications. CBIL is most exposed to Sovereign.
Which ETF is attracting more investor flows: TBCF or CBIL?
Year to date, TBCF has seen -$46.28 M in net flows, compared with +$1,158.82 M for CBIL. CBIL has attracted more net investor money so far.
How do the fees of TBCF and CBIL compare?
TBCF has an expense ratio of 0.23%, while CBIL has an expense ratio of 0.11%.
What are the top holdings of TBCF and CBIL?
TBCF's largest holdings include Bank of Nova Scotia, 1.85% 2nov2026, CAD, Suncor Energy, 5.4% 17nov2026, CAD (10), and Royal Bank of Canada, 2.14% 3nov2031, CAD (24). CBIL's top holdings include Canada, Bills 0% 9nov2023, CAD (364D).
Which ETF is more diversified: TBCF or CBIL?
TBCF holds 21 securities, while CBIL holds 1. On holdings count, TBCF is the more diversified portfolio.
Recent articles about TBCF and CBIL
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