VS
Manulife Smart Short Term Bond ETF (TERM) and BMO Core Plus Bond Fund ETF (ZCPB) 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 ZCPB leans towards Finance, Sovereign, and Municipal. When evaluating costs, TERM features a management fee (MER) of 0.2%, compared to 0.5% for ZCPB. Performance-wise, TERM has returned 1.52% year-to-date with +$534 M in net flows, whereas ZCPB is at 0.34% with +$493 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
ZCPB
| AuM | $976.12 M | $2,808.84 M |
| Management Fees | 0.20% | 0.50% |
| Exp. ratio | 0.22% | 0.56% |
| 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% |
ZCPB | +0.83% | -1.15% | +0.34% | -0.54% | +15.78% | |
| Flows | TERM | +$75 M | +$155 M | +$534 M | +$582 M | +$692 M |
ZCPB | +$0 M | -$64 M | +$493 M | +$636 M | +$1,602 M |
TERM vs ZCPB exposure
Countries
TERM
Canada
89.35%
Other
10.65%
ZCPB
Canada
87.64%
USA
7.76%
Sectors
TERM
Finance
59.93%
Energy
15.58%
Other
24.49%
ZCPB
Finance
29.79%
Sovereign
23.53%
Municipal
21.57%
Other
25.10%
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%
ZCPB
Canada, Bonds 3.25% 1jun2036, CAD
3.77%
Canada, Bonds 3.5% 1dec2057, CAD
3.32%
Canada, Bonds 3.25% 1jun2035, CAD
3.10%
Canada, Bonds 2.5% 1may2028, CAD
2.47%
USA, Notes 4.375% 15may2036, USD (C-2036)
2.27%
Province of Ontario, 3.6% 2jun2035, CAD
2.06%
Canada, Bonds 2.5% 1dec2032, CAD
1.58%
Province of Quebec, 3.25% 1sep2032, CAD (B131)
1.48%
Canada, Bonds 2.75% 1dec2055, CAD
1.37%
Province of Quebec, 3.5% 1dec2045, CAD (B112)
1.17%
Diversification
TERM
Total weight of top 10 holdings out of 182 total
17.23%
ZCPB
Total weight of top 10 holdings out of 495 total
22.61%
Characteristics
Compare
TERM
ZCPB
| Provider | Manulife Investments | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.41% | 2.91% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2020 | May 29, 2018 |
Frequently asked questions about TERM and ZCPB
Which ETF has performed better year to date: TERM or ZCPB?
As of October 16, 2026, TERM has returned 1.52% year to date, while ZCPB has returned 0.34%. TERM is ahead on YTD performance.
Which ETF is larger by assets under management: TERM or ZCPB?
As of October 16, 2026, TERM manages $976.12 M in assets, while ZCPB manages $2.81 B. ZCPB is the larger fund by AUM.
How are TERM and ZCPB managed?
TERM is actively managed by Manulife Investments. It does not track an index. ZCPB is actively managed by BMO. It does not track an index.
What sectors do TERM and ZCPB emphasize?
TERM is most exposed to Finance, Energy, and Utilities. ZCPB is most exposed to Finance, Sovereign, and Municipal.
Which ETF is attracting more investor flows: TERM or ZCPB?
Year to date, TERM has seen +$533.80 M in net flows, compared with +$492.61 M for ZCPB. TERM has attracted more net investor money so far.
How do the fees of TERM and ZCPB compare?
TERM has an expense ratio of 0.22%, while ZCPB has an expense ratio of 0.56%.
What are the top holdings of TERM and ZCPB?
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. ZCPB's top holdings include Canada, Bonds 3.25% 1jun2036, CAD, Canada, Bonds 3.5% 1dec2057, CAD, and Canada, Bonds 3.25% 1jun2035, CAD.
Which ETF is more diversified: TERM or ZCPB?
TERM holds 182 securities, while ZCPB holds 482. On holdings count, ZCPB is the more diversified portfolio.
Recent articles about TERM and ZCPB
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