Question 1

What is ZGB?

Accepted Answer

ZGB — BMO Government Bond Index ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ZGB ETF price today?

Accepted Answer

ZGB last traded at $45.43 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZGB MER (management expense ratio)?

Accepted Answer

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

Question 4

What are ZGB annualised returns?

Accepted Answer

ZGB historical returns: YTD: +0.12%, 1-year: +3.81%, 3-year annualised: +3.63%, 5-year annualised: -0.27%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.02, which measures risk-adjusted return.

Question 5

Does ZGB pay dividends or distributions?

Accepted Answer

Yes, ZGB distributes income to unitholders. The current distribution yield is approximately 2.58%, paid quarterly. 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 ZGB invest in?

Accepted Answer

ZGB's top holdings include Quebec (Province Of) 3.5% (null, 2.9%), Ontario (Province Of) 2.4% (null, 2.7%), Quebec (Province Of) (null, 2.6%), Ontario (Province Of) 2.6% (null, 2.5%), Canada Housing Trust No.1 2.9% (null, 2.4%) — and 4 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 ZGB invest in?

Accepted Answer

ZGB'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 ZGB? (Assets under management)

Accepted Answer

ZGB has approximately $1.26B 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 ZGB launched?

Accepted Answer

ZGB was launched on March 1, 2018, giving it a 8-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 ZGB in Canada?

Accepted Answer

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

Accepted Answer

ZGB has a 1-year volatility of 4.35% and a beta of 1.07 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.02 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
2026-07-20	$45.50	$45.50	$45.42	$45.42	$45.42	3,294
2026-07-17	$45.58	$45.58	$45.56	$45.56	$45.56	9,313
2026-07-16	$45.51	$45.51	$45.51	$45.51	$45.51	100
2026-07-15	$45.47	$45.56	$45.47	$45.56	$45.56	702
2026-07-14	$45.46	$45.46	$45.39	$45.39	$45.39	33,954
2026-07-13	$45.46	$45.46	$45.35	$45.35	$45.35	5,547
2026-07-10	$45.54	$45.57	$45.50	$45.54	$45.54	11,477
2026-07-09	$45.42	$45.42	$45.42	$45.42	$45.42	0
2026-07-08	$45.39	$45.44	$45.38	$45.42	$45.42	6,232
2026-07-07	$45.73	$45.73	$45.67	$45.67	$45.67	1,711

#	Name	Weight
1	Quebec (Province Of) 3.5%	2.92%
2	Ontario (Province Of) 2.4%	2.65%
3	Quebec (Province Of)	2.56%
4	Ontario (Province Of) 2.6%	2.46%
5	Canada Housing Trust No.1 2.9%	2.40%
6	Canada (Government of) 1.75%	2.33%
7	Canada Housing Trust No.1 1.95%	2.27%
8	Canada (Government of)	2.15%
9	Canada (Government of) 2.5%	2.08%

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%

BMO Government Bond Index ETF (ZGB : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Government Bond Index ETF

ETF Details

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Frequently Asked Questions — ZGB