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Compare BMO Long Corporate Bond Index ETF (ZLC) vs TD Target 2026 Investment Grade Bond ETF (TBCF) to find the best fit for your portfolio. ZLC provides Energy, Industrials, and Utilities exposures, while TBCF is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, ZLC features a management fee (MER) of 0.3%, compared to 0.2% for TBCF. Performance-wise, ZLC has returned 0.88% year-to-date with -$179 M in net flows, whereas TBCF is at 2.16% with -$60 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
ZLC
TBCF
| AuM | $269.86 M | $88.37 M |
| Management Fees | 0.30% | 0.20% |
| Exp. ratio | 0.33% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLC | +2.25% | +2.03% | +0.88% | -0.40% | +19.75% |
TBCF | +0.22% | +0.64% | +2.16% | +2.52% | - | |
| Flows | ZLC | -$9 M | -$11 M | -$179 M | -$177 M | -$25 M |
TBCF | -$5 M | -$32 M | -$60 M | -$56 M | - |
ZLC vs TBCF exposure
Countries
ZLC
Canada
92.34%
USA
7.66%
TBCF
Canada
90.15%
USA
8.53%
Sectors
ZLC
Energy
30.66%
Industrials
26.06%
Utilities
25.07%
Other
18.21%
TBCF
Finance
74.07%
Energy
16.62%
Other
9.31%
As of November 11, 2026
Top 10 Holdings
ZLC
Enbridge, 4.57% 11mar2044, CAD
7.44%
TransCanada PipeLines, 4.35% 6jun2046, CAD
4.75%
Hydro One Inc, 4.89% 13mar2037, CAD
4.21%
Hydro One Inc, 4.85% 30nov2054, CAD (58)
3.91%
407 International, 4.45% 15nov2041, CAD (11-A1)
3.91%
Amazon.com, 5% 12jun2056, CAD
3.80%
AltaGas, 3.99% 30jun2042, CAD (2012-1)
3.68%
TransCanada PipeLines, 4.34% 15oct2049, CAD
3.47%
407 International, 3.6% 21may2047, CAD (16-A1)
3.32%
Greater Toronto Airports Authority, 5.3% 25feb2041, CAD (2011-1)
2.93%
TBCF
Ford Credit Canada Co, 6.326% 10nov2026, CAD
9.42%
Bank of Nova Scotia, 1.85% 2nov2026, CAD
9.26%
Suncor Energy, 5.4% 17nov2026, CAD (10)
8.93%
Sun Life Financial, 2.46% 18nov2031, CAD (2021-1)
8.80%
Goldman Sachs, 2.599% 30nov2027, CAD
8.53%
AIMCo Realty Investors LP, 2.195% 4nov2026, CAD
8.53%
Choice Properties REIT, 2.456% 30nov2026, CAD (Q)
8.21%
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
7.86%
North West Redwater Partnership, 2% 1dec2026, CAD (M)
7.69%
Lower Mattagami Energy, 2.307% 21oct2026, CAD
6.93%
Diversification
ZLC
Total weight of top 10 holdings out of 42 total
41.43%
TBCF
Total weight of top 10 holdings out of 16 total
84.16%
Characteristics
Compare
ZLC
TBCF
| Provider | BMO | TD Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada Long Term Corporate Bond TR Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.58% | 2.18% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | April 9, 2024 |
Frequently asked questions about ZLC and TBCF
Which ETF has performed better year to date: ZLC or TBCF?
As of November 11, 2026, ZLC has returned 0.88% year to date, while TBCF has returned 2.16%. TBCF is ahead on YTD performance.
Which ETF is larger by assets under management: ZLC or TBCF?
As of November 11, 2026, ZLC manages $269.86 M in assets, while TBCF manages $88.37 M. ZLC is the larger fund by AUM.
How are ZLC and TBCF managed?
ZLC is passively managed by BMO. It tracks the FTSE Canada Long Term Corporate Bond TR Index - CAD benchmark. TBCF is actively managed by TD Asset Management. It does not track an index.
What sectors do ZLC and TBCF emphasize?
ZLC is most exposed to Energy, Industrials, and Utilities. TBCF is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: ZLC or TBCF?
Year to date, ZLC has seen -$179.39 M in net flows, compared with -$59.97 M for TBCF. TBCF has attracted more net investor money so far.
How do the fees of ZLC and TBCF compare?
ZLC has an expense ratio of 0.33%, while TBCF has an expense ratio of 0.23%.
What are the top holdings of ZLC and TBCF?
ZLC's largest holdings include Enbridge, 4.57% 11mar2044, CAD, TransCanada PipeLines, 4.35% 6jun2046, CAD, and Hydro One Inc, 4.89% 13mar2037, CAD. TBCF's top holdings include Ford Credit Canada Co, 6.326% 10nov2026, CAD, Bank of Nova Scotia, 1.85% 2nov2026, CAD, and Suncor Energy, 5.4% 17nov2026, CAD (10).
Which ETF is more diversified: ZLC or TBCF?
ZLC holds 42 securities, while TBCF holds 16. On holdings count, ZLC is the more diversified portfolio.
Recent articles about ZLC and TBCF
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