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Compare TD Target 2030 Investment Grade Bond ETF (TBCJ) vs BMO Mid Corporate Bond Index ETF (ZCM) to find the best fit for your portfolio. TBCJ provides Finance, Utilities, and Telecommunications exposures, while ZCM is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, TBCJ features a management fee (MER) of 0.2%, compared to 0.3% for ZCM. 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
TBCJ
ZCM
| AuM | - | $1,393.02 M |
| Management Fees | 0.20% | 0.30% |
| Exp. ratio | 0.22% | 0.33% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBCJ | - | - | - | - | - |
ZCM | +1.15% | -0.57% | +0.96% | +0.48% | +23.89% | |
| Flows | TBCJ | - | - | - | - | - |
ZCM | -$92 M | -$81 M | +$107 M | +$130 M | +$910 M |
TBCJ vs ZCM exposure
Countries
TBCJ
Canada
76.84%
USA
17.38%
ZCM
Canada
84.19%
USA
12.62%
Sectors
TBCJ
Finance
46.88%
Utilities
25.53%
Telecommunications
15.72%
Other
11.87%
ZCM
Finance
34.90%
Energy
29.49%
Utilities
12.86%
Telecommunications
11.96%
Other
10.78%
As of October 30, 2026
Top 10 Holdings
TBCJ
TELUS, 2.05% 7oct2030, CAD
7.66%
Manulife Financial Corporation, 2.818% 13may2035, CAD
7.37%
Verizon Communications, 2.5% 16may2030, CAD
7.36%
Choice Properties REIT, 2.981% 4mar2030, CAD (N)
7.01%
Brookfield Renewable Partners, 3.38% 15jan2030, CAD (12, ABS)
6.90%
Granite REIT Holdings, 2.378% 18dec2030, CAD
6.83%
Enbridge Gas, 2.9% 1apr2030, CAD
6.47%
MetLife Global Funding I, 3.394% 9apr2030, CAD (2020-4)
6.20%
Pembina Pipeline Corporation, 3.31% 1feb2030, CAD (15)
4.44%
Ontario Power Generation, 3.215% 8apr2030, CAD (7)
4.37%
ZCM
Brookfield Finance II, 5.431% 14dec2032, CAD
6.15%
Enbridge, 3.1% 21sep2033, CAD
6.02%
TransCanada PipeLines, 4.575% 20feb2035, CAD
5.79%
TELUS, 5.25% 15nov2032, CAD (CAG)
5.42%
TransCanada PipeLines, 5.33% 12may2032, CAD
4.78%
Choice Properties REIT, 5.4% 1mar2033, CAD (S)
4.76%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
4.53%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
4.49%
Choice Properties REIT, 6.003% 24jun2032, CAD (R)
4.20%
Bell Canada, 5.15% 24aug2034, CAD (M-63)
3.34%
Diversification
TBCJ
Total weight of top 10 holdings out of 33 total
64.61%
ZCM
Total weight of top 10 holdings out of 38 total
49.47%
Characteristics
Compare
TBCJ
ZCM
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Mid Term Corporate Bond Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 4.42% |
| Meets ESG criteria | No | No |
| Inception Date | January 14, 2025 | January 19, 2010 |
Frequently asked questions about TBCJ and ZCM
How do the fees of TBCJ and ZCM compare?
TBCJ has an expense ratio of 0.22%, while ZCM has an expense ratio of 0.33%.
What are the top holdings of TBCJ and ZCM?
TBCJ's largest holdings include TELUS, 2.05% 7oct2030, CAD, Manulife Financial Corporation, 2.818% 13may2035, CAD, and Verizon Communications, 2.5% 16may2030, CAD. ZCM's top holdings include Brookfield Finance II, 5.431% 14dec2032, CAD, Enbridge, 3.1% 21sep2033, CAD, and TransCanada PipeLines, 4.575% 20feb2035, CAD.
Which ETF is more diversified: TBCJ or ZCM?
TBCJ holds 33 securities, while ZCM holds 38. On holdings count, ZCM is the more diversified portfolio.
How are TBCJ and ZCM managed?
TBCJ is actively managed by TD Asset Management. It does not track an index. ZCM is passively managed by BMO. It tracks the FTSE Canada Mid Term Corporate Bond Total Return Index - CAD benchmark.
What sectors do TBCJ and ZCM emphasize?
TBCJ is most exposed to Finance, Utilities, and Telecommunications. ZCM is most exposed to Finance, Energy, and Utilities.
Recent articles about TBCJ and ZCM
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