Question 1

What is ZAG?

Accepted Answer

ZAG (BMO Aggregate Bond Index ETF) is a Canadian-listed ETF trading on the TSX. It tracks the Morningstar Can Core Bd GR CAD.

Question 2

What is the ZAG ETF price today?

Accepted Answer

ZAG last traded at $13.44 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZAG MER (management expense ratio)?

Accepted Answer

ZAG has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, ZAG is considered a low-cost ETF.

Question 4

What are ZAG annualised returns?

Accepted Answer

ZAG historical returns: YTD: -2.11%, 1-year: -0.05%, 3-year annualised: +5.21%, 5-year annualised: +0.56%, 10-year annualised: +1.40%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.27, which measures risk-adjusted return.

Question 5

Does ZAG pay dividends or distributions?

Accepted Answer

Yes, ZAG distributes income to unitholders. The current distribution yield is approximately 3.45%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZAG invest in?

Accepted Answer

ZAG's top holdings include Canada (Government of) 0.5% (null, 1.2%), Quebec (Province Of) 3.5% (null, 1.2%), Canada (Government of) 1.5% (null, 1.0%), Ontario (Province Of) 3.5% (null, 1.0%), Canada (Government of) (null, 1.0%) — and 2 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can Core Bd GR CAD.

Question 7

What sectors does ZAG invest in?

Accepted Answer

ZAG's largest sector exposures are Energy (0.0%), Utilities (0.0%), Healthcare (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZAG? (Assets under management)

Accepted Answer

ZAG has approximately $13.23B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZAG launched?

Accepted Answer

ZAG was launched on January 19, 2010, giving it a 16-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZAG in Canada?

Accepted Answer

ZAG trades on the TSX under the ticker ZAG. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZAG?

Accepted Answer

ZAG has a 1-year volatility of 4.02% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.27 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-14	$13.39	$13.46	$13.39	$13.44	$13.44	376,997
2026-10-13	$13.45	$13.45	$13.42	$13.45	$13.45	338,332
2026-10-09	$13.40	$13.44	$13.40	$13.44	$13.44	264,200
2026-10-08	$13.35	$13.38	$13.32	$13.38	$13.38	445,404
2026-10-07	$13.31	$13.37	$13.31	$13.36	$13.36	282,192
2026-10-06	$13.37	$13.39	$13.35	$13.39	$13.39	483,398
2026-10-05	$13.33	$13.36	$13.31	$13.36	$13.36	800,182
2026-10-02	$13.40	$13.41	$13.34	$13.34	$13.34	385,200
2026-10-01	$13.30	$13.37	$13.28	$13.35	$13.35	476,052
2026-09-30	$13.34	$13.34	$13.30	$13.30	$13.30	475,098

#	Name	Weight
1	Canada (Government of) 0.5%	1.25%
2	Quebec (Province Of) 3.5%	1.21%
3	Canada (Government of) 1.5%	1.02%
4	Ontario (Province Of) 3.5%	1.02%
5	Canada (Government of)	0.95%
6	Ontario (Province Of) 3.45%	0.95%
7	Ontario (Province Of) 2.9%	0.95%

Sector	Weight
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

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BMO Aggregate Bond Index ETF (ZAG : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — ZAG