VS
Manulife Smart Short Term Bond ETF (TERM) and CIBC Active Investment Grade Corporate Bond ETF (CACB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TERM focuses its top 3 sector exposures on Finance, Energy, and Utilities, while CACB leans towards Finance, Utilities, and Energy. When evaluating costs, TERM features a management fee (MER) of 0.2%, compared to 0.35% for CACB. Performance-wise, TERM has returned 1.52% year-to-date with +$534 M in net flows, whereas CACB is at 0.94% with +$473 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
TERM
CACB
| AuM | $976.12 M | $2,536.02 M |
| Management Fees | 0.20% | 0.35% |
| Exp. ratio | 0.22% | 0.38% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TERM | +0.60% | -0.01% | +1.52% | +1.35% | +18.67% |
CACB | +0.83% | -0.65% | +0.94% | +0.62% | +21.61% | |
| Flows | TERM | +$75 M | +$155 M | +$534 M | +$582 M | +$692 M |
CACB | +$29 M | +$149 M | +$473 M | +$618 M | +$1,328 M |
TERM vs CACB exposure
Countries
TERM
Canada
89.35%
Other
10.65%
CACB
Canada
84.43%
USA
7.22%
Other
8.35%
Sectors
TERM
Finance
59.93%
Energy
15.58%
Other
24.49%
CACB
Finance
40.96%
Utilities
15.82%
Energy
9.88%
Telecommunications
8.19%
Industrials
7.27%
Other
17.86%
As of October 16, 2026
Top 10 Holdings
TERM
Athene Global Funding, 4.091% 23may2030, CAD (2025-15)
2.81%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
2.52%
Federation des caisses Desjardins du Quebec, 5.467% 17nov2028, CAD
1.65%
Manulife Financial Corporation, 5.409% 10mar2033, CAD
1.62%
BNP Paribas, 4.487% 3sep2035, CAD (20382)
1.59%
Keyera, 3.702% 15oct2030, CAD (5)
1.53%
Amazon.com, 3.7% 12jun2031, CAD
1.45%
iA Financial Corporation, 5.685% 20jun2033, CAD
1.42%
Toyota Credit Canada, 3.74% 21may2030, CAD (93)
1.35%
Magna International, 4.8% 30may2029, CAD
1.30%
CACB
BCE, 4.7% 15nov2036, CAD (M-69)
2.56%
CIBC, 4.15% 2apr2035, CAD
2.32%
Toronto-Dominion Bank, 5.177% 9apr2034, CAD (D)
2.01%
Bank of Nova Scotia, 4.95% 1aug2034, CAD
1.83%
Province of Ontario, 3.45% 2jun2045, CAD (DMTN220)
1.55%
Inter Pipeline Ltd, 6.38% 17feb2033, CAD (16)
1.42%
Ford Credit Canada Co, 4.819% 11sep2028, CAD
1.38%
Videotron Ltd., 4.5% 15jan2030, CAD
1.38%
Keyera, 5.022% 28mar2032, CAD (3)
1.28%
Bank of Montreal, 4.976% 3jul2034, CAD (M)
1.28%
Diversification
TERM
Total weight of top 10 holdings out of 182 total
17.23%
CACB
Total weight of top 10 holdings out of 238 total
17.01%
Characteristics
Compare
TERM
CACB
| Provider | Manulife Investments | CIBC |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.41% | 4.53% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2020 | January 22, 2019 |
Frequently asked questions about TERM and CACB
Which ETF has performed better year to date: TERM or CACB?
As of October 16, 2026, TERM has returned 1.52% year to date, while CACB has returned 0.94%. TERM is ahead on YTD performance.
Which ETF is larger by assets under management: TERM or CACB?
As of October 16, 2026, TERM manages $976.12 M in assets, while CACB manages $2.54 B. CACB is the larger fund by AUM.
How are TERM and CACB managed?
TERM is actively managed by Manulife Investments. It does not track an index. CACB is actively managed by CIBC. It does not track an index.
What sectors do TERM and CACB emphasize?
TERM is most exposed to Finance, Energy, and Utilities. CACB is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: TERM or CACB?
Year to date, TERM has seen +$533.80 M in net flows, compared with +$472.82 M for CACB. TERM has attracted more net investor money so far.
How do the fees of TERM and CACB compare?
TERM has an expense ratio of 0.22%, while CACB has an expense ratio of 0.38%.
What are the top holdings of TERM and CACB?
TERM's largest holdings include Athene Global Funding, 4.091% 23may2030, CAD (2025-15), Royal Bank of Canada, 4.829% 8aug2034, CAD (28), and Federation des caisses Desjardins du Quebec, 5.467% 17nov2028, CAD. CACB's top holdings include BCE, 4.7% 15nov2036, CAD (M-69) and CIBC, 4.15% 2apr2035, CAD.
Which ETF is more diversified: TERM or CACB?
TERM holds 182 securities, while CACB holds 228. On holdings count, CACB is the more diversified portfolio.
Recent articles about TERM and CACB
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