Question 1

What is ZIC?

Accepted Answer

ZIC (BMO Mid-Term US IG Corporate Bond Index ETF (CAD)) is a Canadian-listed ETF trading on the TSX in the Global Corporate Fixed Income category. It tracks the Morningstar Gbl Corp Bd GR CAD.

Question 2

What is the ZIC ETF price today?

Accepted Answer

ZIC last traded at $17.78 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZIC MER (management expense ratio)?

Accepted Answer

ZIC 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%, ZIC is considered a low-cost ETF.

Question 4

What are ZIC annualised returns?

Accepted Answer

ZIC historical returns: YTD: -3.71%, 1-year: -1.19%, 3-year annualised: +6.27%, 5-year annualised: +2.05%, 10-year annualised: +2.99%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.52, which measures risk-adjusted return.

Question 5

Does ZIC pay dividends or distributions?

Accepted Answer

Yes, ZIC distributes income to unitholders. The current distribution yield is approximately 4.58%, 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 ZIC invest in?

Accepted Answer

ZIC's top holdings include CVS Health Corp 4.3% (null, 0.8%), T-Mobile USA, Inc. 3.88% (null, 0.8%), AbbVie Inc. 3.2% (null, 0.6%), The Boeing Company 5.15% (null, 0.6%), Anheuser-Busch InBev Worldwide Inc. 4.75% (null, 0.5%) — and 4 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Corp Bd GR CAD.

Question 7

What sectors does ZIC invest in?

Accepted Answer

ZIC's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZIC? (Assets under management)

Accepted Answer

ZIC has approximately $3.63B 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 ZIC launched?

Accepted Answer

ZIC was launched on March 19, 2013, giving it a 13-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 ZIC in Canada?

Accepted Answer

ZIC trades on the TSX under the ticker ZIC. 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 ZIC?

Accepted Answer

ZIC has a 1-year volatility of 6.34% and a beta of 1.07 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.52 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-11	$17.78	$17.79	$17.78	$17.78	$17.78	5,690
2026-09-10	$17.73	$17.73	$17.70	$17.72	$17.72	10,214
2026-09-09	$17.82	$17.82	$17.82	$17.82	$17.82	0
2026-09-08	$17.80	$17.82	$17.80	$17.80	$17.80	1,542
2026-09-04	$17.84	$17.84	$17.84	$17.84	$17.84	0
2026-09-03	$17.88	$17.88	$17.84	$17.84	$17.84	819
2026-09-02	$17.96	$17.96	$17.88	$17.88	$17.88	5,918
2026-09-01	$18.00	$18.00	$17.93	$17.93	$17.93	1,803
2026-08-31	$17.95	$17.96	$17.95	$17.96	$17.96	2,985
2026-08-28	$18.05	$18.07	$18.04	$18.04	$18.04	2,500

#	Name	Weight
1	CVS Health Corp 4.3%	0.84%
2	T-Mobile USA, Inc. 3.88%	0.81%
3	AbbVie Inc. 3.2%	0.61%
4	The Boeing Company 5.15%	0.55%
5	Anheuser-Busch InBev Worldwide Inc. 4.75%	0.53%
6	Verizon Communications Inc. 4.33%	0.51%
7	Citigroup Inc.	0.49%
8	Bank of America Corporation	0.48%
9	Comcast Corporation 4.15%	0.48%

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

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CIBC Investor's Edge

BMO Mid-Term US IG Corporate Bond Index ETF (CAD) (ZIC : 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 — ZIC