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ZDB ETF · BMO Discount Bond Index ETF
The ZDB Exchange Traded Fund (ETF) is provided by BMO. It is built to track an index: FTSE Canada Universe Discount Bond Index. The ZDB ETF provides physical exposure, so by buying it you actually own parts of all the 41 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofInternational Aggregate Bonds1M perf.-2.22%
Last price
$15.03
1M perf.
-1.60%
1M flows
+€14M
AuM
€755M
E/R
0.1%
Rating
Not rated
ESG Consensus®
ZDB
$15.03
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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ZDB
$15.01
+0.05%
International Aggregate Bonds
-0.25%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.60%  | +0.05%  | +0.80%  | +8.16% | +2.40% | -2.39% | -0.29% | -0.29% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/12/2026
$15.01
1D NAV change
-0.34%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
41
Inception date
2/10/2014
Jurisdiction
Canada
Distribution
Canada
Legal structure
Unit Investment Trust
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
FTSE Canada Universe Discount Bond Index
Asset class
Factors
N/A
Investment strategy
BMO Discount Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Universe Discount Bond Index™, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity greater than one year. The Fund invests in bonds with 3-month trailing price of $100.50 or lower. Securities held in the Index are a broad measure of the Canadian investment-grade fixed income market consisting of Federal, Provincial and Corporate bonds.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.05% | +0.80% | +8.16% | +2.40% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
Canada
100.00%
Sectors
Sovereign
32.59%
Municipal
32.50%
Government agencies
9.99%
Banks
7.15%
Pipelines
4.48%
Transportation support activities
3.92%
Insurance and reinsurance
2.51%
Real estate investment and services
2.00%
Communication services
1.94%
Other
2.94%
Diversification
Total weight of top 15 holdings out of 41
Top 15 holdings
Data as of January 31, 2026
Canada, Bond 0.5 1oct2030 10Y
CMHC, 1.9% 15mar2031, CAD (100)
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
Province of Quebec, 1.5% 1sep2031, CAD (B128)
Canada, Bonds 2.25% 1dec2029, CAD
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
Canada, Bonds 2% 1jun2032, CAD
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Canada, Bond 2.75 1dec2048 30Y
Greater Toronto Airports Authority, 2.75% 17oct2039, CAD (2019-2)
Pembina Pipeline Corporation, 3.31% 1feb2030, CAD (15)
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
British Columbia, 1.55% 18jun2031, CAD (BCCD-41)
Province of Quebec, 2.85% 1dec2053, CAD (B129)
Toronto-Dominion Bank, 1.888% 8mar2028, CAD
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Enterprise
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about ZDB ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
ZDB’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
90.44% of holdings have positive scoring
9.57% of holdings have negative scoring
74.92%
12.33%
8.23%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
BMO
BMO ID Card
Number of funds
276
Total AuM
€115.02B
Expense ratio range
0.05% - 1.17%
Average expense ratio
0.4463%
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| AuM | ||
|---|---|---|
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ZAG | BMO Aggregate Bond Index ETF | €7.74B |
ZEA | BMO MSCI EAFE Index ETF | €7.36B |
ZLB | BMO Low Volatility Canadian Equity ETF | €3.73B |
Frequently asked questions about ZDB
What does BMO Discount Bond Index ETF, ZDB, invest in?
ZDB is a Passive ETF. This ETF provides exposure to Canadian Investment Grade Aggregate Bonds.
Which benchmark or index does ZDB replicate?
ZDB tracks the FTSE Canada Universe Discount Bond Index - CAD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of ZDB?
ZDB carries a total expense ratio (TER) of 0.1%, indicating the annual cost for holding the fund.
When was ZDB launched?
ZDB was introduced to the market on February 10, 2014. It trades on Canada
Who is the ETF issuer of ZDB?
BMO Discount Bond Index ETF, ZDB, is provided by BMO. Learn more about BMO here.
What is the current assets under management (AUM) of ZDB?
ZDB oversees €755M in assets as of March 12, 2026.
How has ZDB performed lately?
Based on data from March 12, 2026, ZDB returned -1.60% over the past month, 0.05% over the last three months and -0.29% year-to-date.
What are the latest inflows or outflows for ZDB?
As of March 12, 2026, ZDB recorded net flows of +€14M over the last month and +€26M year-to-date.
Does ZDB distribute dividends?
ZDB follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 2.19%.
What are the main country or region exposures of ZDB?
As of January 31, 2026, ZDB has significant geographic allocations in Canada.
In which sector or theme does ZDB invest in?
As of January 31, 2026, ZDB focuses largely on Sovereign, Municipal and Government agencies.
How many securities does ZDB hold and how diversified is it?
As of January 31, 2026, ZDB holds 41 positions in its portfolio, with 71.30% of assets concentrated in its top 15 holdings.
What are the main positions in ZDB?
As of January 31, 2026, ZDB top three holdings include Canada, Bond 0.5 1oct2030 10Y, CMHC, 1.9% 15mar2031, CAD (100) and Province of Ontario, 2.05% 2jun2030, CAD (DMTN243).
What is the base currency of ZDB?
The base currency of ZDB is CAD.
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