TD Target 2025 Investment Grade Bond ETF (TBCE)

TD Target 2025 Investment Grade Bond ETF (TBCE $25.51)
- $25.51 Cap: $90M
- View TBCE Profile
- View Questions on TBCE

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iShares Core Canadian Universe Bond Index ETF (XBB $28.08)
- $28.08 Cap: $8.18B
- View XBB Profile
- View Questions on XBB
TD Target 2025 Investment Grade Bond ETF (TBCE $25.51)
- $25.51 Cap: $90M
- View TBCE Profile
- View Questions on TBCE
TD Target 2026 Investment Grade Bond ETF (TBCF $26.06)
- $26.06 Cap: $122M
- View TBCF Profile
- View Questions on TBCF
TD Target 2027 Investment Grade Bond ETF (TBCG $26.19)
- $26.19 P/E (TTM): 29.75X Cap: $154M
- View TBCG Profile
- View Questions on TBCG

Q: TD launched a series of Target Maturity Bond ETFs that terminate in Nov of each given year (e.g. TBCF winds up in Nov 2026)
Normally, for Fixed Income, an investor could:
- own individual bonds with exact payment/maturity certainty but very laborious
- own traditional bond ETFs: very easy, but perpetually renewing maturities and mysterious trading prices---often downward, it seems
However these new ETFs seem to offer the best of both worlds.
MER is 0.20 vs XBB 0.10 which isn’t bad.
By TD’s offering chart (May 2), TBCF shows a Yield to Maturity (net of fees) of 4.87%.
Seems like a lot to like here for the individual investor, in Fixed Income.
As a Portfolio Analytics subscriber, the Asset Allocator is unhappy with my dearth of Fixed Income holdings!

Read Answer Asked by Dave on May 16, 2024