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BMO Target 2029 Canadian Corporate Bond ETF (ZXCQ) and BMO Long Federal Bond Index ETF (ZFL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXCQ focuses its top 3 sector exposures on Finance, Energy, and Telecommunications, while ZFL leans towards Sovereign. When evaluating costs, ZXCQ features a management fee (MER) of 0.17%, compared to 0.2% for ZFL. Performance-wise, ZXCQ has returned 1.19% year-to-date with +$7 M in net flows, whereas ZFL is at 2.57% with +$180 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
ZXCQ
ZFL
| AuM | $14.29 M | $1,376.74 M |
| Management Fees | 0.17% | 0.20% |
| Exp. ratio | 0.17% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXCQ | +0.62% | -0.19% | +1.19% | +1.04% | - |
ZFL | +1.76% | -2.82% | -2.57% | -6.17% | +4.00% | |
| Flows | ZXCQ | +$1 M | +$2 M | +$7 M | +$9 M | - |
ZFL | +$76 M | +$123 M | +$180 M | -$1,402 M | -$1,154 M |
ZXCQ vs ZFL exposure
Countries
ZXCQ
Canada
100.26%
ZFL
Canada
100.00%
Sectors
ZXCQ
Finance
65.62%
Energy
12.29%
Telecommunications
8.09%
Other
14.00%
ZFL
Sovereign
100.00%
As of October 16, 2026
Top 10 Holdings
ZXCQ
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
9.88%
Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD
9.77%
Manulife Financial Corporation, 5.054% 23feb2034, CAD
9.51%
Bank of Nova Scotia, 3.836% 26sep2030, CAD
9.03%
Toronto-Dominion Bank, 5.177% 9apr2034, CAD (D)
5.93%
Gildan Activewear, 4.362% 22nov2029, CAD (1)
5.19%
Brookfield Infrastructure Partners, 3.41% 9oct2029, CAD (7)
5.07%
National Bank of Canada, 5.279% 15feb2034, CAD
4.24%
Pembina Pipeline Corporation, 3.62% 3apr2029, CAD (12)
4.09%
Choice Properties REIT, 3.532% 11jun2029, CAD (M)
4.08%
ZFL
Canada, Bond 2 1jan2051 30Y
21.12%
Canada, Bonds 2.75% 1dec2055, CAD
16.14%
Canada, Bonds 3.5% 1dec2057, CAD
15.61%
Canada, Bond 3.5 1dec2045 30Y
14.76%
Canada, Bond 4 1jun2041 30Y
12.42%
Canada, Bond 2.75 1dec2048 30Y
11.36%
Canada, Bond 1.75 1dec2053 30Y
8.59%
Diversification
ZXCQ
Total weight of top 10 holdings out of 21 total
66.78%
ZFL
Total weight of top 10 holdings out of 7 total
100.00%
Characteristics
Compare
ZXCQ
ZFL
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE TMX Canada Long Term Federal Bond TR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.15% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | March 18, 2025 | May 19, 2010 |
Frequently asked questions about ZXCQ and ZFL
Which ETF has performed better year to date: ZXCQ or ZFL?
As of October 16, 2026, ZXCQ has returned 1.19% year to date, while ZFL has returned -2.57%. ZXCQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZXCQ or ZFL?
As of October 16, 2026, ZXCQ manages $14.29 M in assets, while ZFL manages $1.38 B. ZFL is the larger fund by AUM.
How are ZXCQ and ZFL managed?
ZXCQ is actively managed by BMO. It does not track an index. ZFL is passively managed by BMO. It tracks the FTSE TMX Canada Long Term Federal Bond TR Index - CAD benchmark.
What sectors do ZXCQ and ZFL emphasize?
ZXCQ is most exposed to Finance, Energy, and Telecommunications. ZFL is most exposed to Sovereign.
Which ETF is attracting more investor flows: ZXCQ or ZFL?
Year to date, ZXCQ has seen +$6.50 M in net flows, compared with +$180.23 M for ZFL. ZFL has attracted more net investor money so far.
How do the fees of ZXCQ and ZFL compare?
ZXCQ has an expense ratio of 0.17%, while ZFL has an expense ratio of 0.22%.
What are the top holdings of ZXCQ and ZFL?
ZXCQ's largest holdings include Royal Bank of Canada, 4.829% 8aug2034, CAD (28), Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD, and Manulife Financial Corporation, 5.054% 23feb2034, CAD. ZFL's top holdings include Canada, Bond 2 1jan2051 30Y, Canada, Bonds 2.75% 1dec2055, CAD, and Canada, Bonds 3.5% 1dec2057, CAD.
Which ETF is more diversified: ZXCQ or ZFL?
ZXCQ holds 21 securities, while ZFL holds 7. On holdings count, ZXCQ is the more diversified portfolio.
Recent articles about ZXCQ and ZFL
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.