Question 1

What is ZLC?

Accepted Answer

ZLC — BMO Long Corporate Bond Index ETF — is a Canadian-listed ETF trading on the TSX. The BMO Long Corporate Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE TMX Canada Long Term Corporate Bond Index, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity greater than ten years. Securities held in the Index are generally corporate bonds issued domestically in Canada in Canadian dollars, w…

Question 2

What is the ZLC ETF price today?

Accepted Answer

ZLC last traded at $14.72 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZLC MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZLC annualised returns?

Accepted Answer

ZLC historical returns: YTD: -2.45%, 1-year: +1.67%, 3-year annualised: +5.47%, 5-year annualised: -0.29%, 10-year annualised: +1.86%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.15, which measures risk-adjusted return.

Question 5

Does ZLC pay dividends or distributions?

Accepted Answer

Yes, ZLC distributes income to unitholders. The current distribution yield is approximately 4.70%, 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 ZLC invest in?

Accepted Answer

ZLC's top holdings include Health Montreal Collective Limited Partnership 6.72% (null, 2.1%), Bell Canada 3.5% (null, 1.3%), CU Inc 2.96% (null, 1.3%), 407 International Inc 3.65% (null, 1.3%), Shaw Communications Inc. 6.75% (null, 1.2%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can 10+Y Core Bd GR CAD.

Question 7

What sectors does ZLC invest in?

Accepted Answer

ZLC'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 ZLC? (Assets under management)

Accepted Answer

ZLC has approximately $281M 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 ZLC launched?

Accepted Answer

ZLC 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 ZLC in Canada?

Accepted Answer

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

Accepted Answer

ZLC has a 1-year volatility of 7.41% and a beta of 0.86 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.15 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
2026-08-13	$14.70	$14.75	$14.70	$14.72	$14.72	6,404
2026-08-12	$14.64	$14.66	$14.63	$14.64	$14.64	25,109
2026-08-11	$14.63	$14.65	$14.59	$14.59	$14.59	10,089
2026-08-10	$14.67	$14.67	$14.61	$14.61	$14.61	48,672
2026-08-07	$14.75	$14.75	$14.71	$14.71	$14.71	14,828
2026-08-06	$14.80	$14.80	$14.75	$14.76	$14.76	11,549
2026-08-05	$14.86	$14.88	$14.84	$14.87	$14.87	11,386
2026-08-04	$14.84	$14.86	$14.83	$14.86	$14.86	3,881
2026-07-31	$14.73	$14.74	$14.69	$14.70	$14.70	23,500
2026-07-30	$14.79	$14.79	$14.73	$14.77	$14.77	11,544

#	Name	Weight
1	Health Montreal Collective Limited Partnership 6.72%	2.07%
2	Bell Canada 3.5%	1.29%
3	CU Inc 2.96%	1.29%
4	407 International Inc 3.65%	1.25%
5	Shaw Communications Inc. 6.75%	1.23%
6	Greater Toronto Airports Authority 2.75%	1.21%
7	Enbridge Incorporation 4.24%	1.16%
8	Greater Toronto Airports Authority 6.47%	1.12%
9	Ontario Power Generation Inc 3.84%	1.08%
10	Great-West Lifeco Incorporation 6.67%	1.04%

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%

Ticker	Name	Price	1D
SHPU		$12.57	+10.75%
PLTU		$32.91	+10.21%
CGMD		$6.91	+8.82%
RBNU		$30.93	+8.76%
MUU		$14.96	+8.41%
TSLU		$13.29	+7.52%
COIU		$3.91	+6.83%
HODY	Harvest Robinhood Enhanced High Income Shares ETF	$6.50	+5.26%

CIBC Investor's Edge

BMO Long Corporate Bond Index ETF (ZLC : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Long Corporate Bond Index ETF

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Frequently Asked Questions — ZLC