Investment Q&A

• BMO Target 2027 Canadian Corporate Bond ETF (ZXCO $10.00)
  • $10.00 Cap: $7M
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• BMO Target 2028 Canadian Corporate Bond ETF (ZXCP $9.94)
  • $9.94 Cap: $4M
  • View ZXCP Profile
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• BMO Target 2029 Canadian Corporate Bond ETF (ZXCQ $9.97)
  • $9.97 Cap: $10M
  • View ZXCQ Profile
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Q: When I buy bonds for my fixed income allocation I always hold until maturity so that I know that I will get my money back plus yield to maturity interest. In the past I could not buy bond mutual funds or ETFs because the bonds were never held to maturity and therefore no guarantee of money back would result.

With the target maturity bond ETFs issued by most banks each ETF holds the bonds until maturity allowing me to ladder a bond portfolio just as if I was buying actual bonds.

What do you think of these securities?

Many thanks.

Upvote 3

Read Answer Asked by John on March 13, 2026

• Constellation Software Inc. Unsecured Subordinated Floating Rate Debentures Series 1 (CSU.DB $118.00)
  • $118.00 P/E (TTM): 72.88X Cap: $52.36B
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Q: Have you got any advice on redemption of the constellation software debentures?

Upvote 3

Read Answer Asked by Andrew on March 06, 2026

• Morguard Corporation (MRC $120.15)
  • $120.15 P/E (TTM): 7.37X Cap: $1.28B
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Q: Greetings 5i, would you have any concern about buying short term bonds (< 1 year) issued by Morguard Corporation?

Upvote 2

Read Answer Asked by Barbara on March 04, 2026

• BMO Money Market Fund (ZMMK $49.85)
  • $49.85 Cap: $5.82B
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Q: My children's entire RESP is 100% in equities. As they get closer to going to post secondary school, would owning some money market funds, like ZMMK, be a good safe strategy to hold 1-2 years tuition in case of a market downturn. And open to suggestions.

Upvote 5

Read Answer Asked by Cam on March 03, 2026

• Evolve Canadian Aggregate Bond Enhanced Yield Fund (AGG $18.37)
  • $18.37 P/E (TTM): 11.34X Cap: $48M
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Q: Hello,

Can I please get your opinion of Evolve Canadian Aggregate Bond Enhanced Yld Fund ETF (AGG). Thank you

Dave

Upvote 2

Read Answer Asked by David on March 03, 2026

• Hamilton U.S. Bond YIELD MAXIMIZER TM ETF (HBND $12.20)
  • $12.20 Cap: $162M
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Q: Hello,

Can I please get your view on Hamilton U S Bond Yield Maximizer ETF Class E (HBND). Thank you!

Dave

Upvote 3

Read Answer Asked by David on March 02, 2026

• Global X 0-3 Month T-Bill ETF (CBIL $50.02)
  • $50.02 Cap: $2.22B
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• iShares 0-3 Month Treasury Bond ETF (SGOV $100.43)
  • $100.43 Cap: $84.28B
  • View SGOV Profile
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Q: I hold this in a US account. Is there a comparable investment for my Canadian account. Thank you for your guidance.

Upvote 2

Read Answer Asked by Barry on February 27, 2026

• BMO Mid Provincial Bond Index ETF (ZMP $14.01)
  • $14.01 Cap: $790M
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• iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO $18.37)
  • $18.37 Cap: $893M
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• iShares Core Canadian Short Term Bond Index ETF (XSB $26.74)
  • $26.74 P/E (TTM): 14.52X Cap: $4.05B
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• iShares Core Canadian Universe Bond Index ETF (XBB $27.85)
  • $27.85 P/E (TTM): 11.34X Cap: $9.86B
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• iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.43)
  • $16.43 P/E (TTM): 20.4X Cap: $1.08B
  • View XHY Profile
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• Vanguard Total Bond Market ETF (BND $73.24)
  • $73.24 Cap: $153.91B
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Q: Good Morning,

Retired income investor with almost 100% of funds in equities. I feel it is time that I added some bond exposure but I am not well informed on this market. Can you please suggest investments that would get me started, cover the basic gamut and provide reasonable returns.

Thanks very much.

Upvote 14

Read Answer Asked by Dave on February 26, 2026

• BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU $12.57)
  • $12.57 Cap: $3.59B
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• BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF (ZSU $13.19)
  • $13.19 Cap: $321M
  • View ZSU Profile
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Q: For a conservative investor with a 50/50 portfolio (seeking a 4% yield), what percentage of Fixed Income would you place in short and medium term US corporate Bonds? US PCE is stuck at 3%, while Canadian inflation is almost at target. My thesis is this presents a decent opportunity if there is any improvement in American inflation...while Canadian Bonds already have lower inflation priced in. Even if I'm wrong, does it still makes sense to have some US Bonds for diversification? Thanks as always.

Upvote 1

Read Answer Asked by Curtis on February 24, 2026

• iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO $18.37)
  • $18.37 Cap: $893M
  • View CBO Profile
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• iShares Core Canadian Universe Bond Index ETF (XBB $27.85)
  • $27.85 P/E (TTM): 11.34X Cap: $9.86B
  • View XBB Profile
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• iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.43)
  • $16.43 P/E (TTM): 20.4X Cap: $1.08B
  • View XHY Profile
  • View Questions on XHY
• Vanguard Total Bond Market ETF (BND $73.24)
  • $73.24 Cap: $153.91B
  • View BND Profile
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Q: I have no Bond investments and would add to my TFSA and RRSP's. Are there any other that I should consider. Thanks

Upvote 3

Read Answer Asked by David on February 24, 2026

• Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB $49.87)
  • $49.87 Cap: $4.25B
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• iShares Core Canadian Universe Bond Index ETF (XBB $27.85)
  • $27.85 P/E (TTM): 11.34X Cap: $9.86B
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Q: Aside from the tax advantages associated with HBB, would you consider these funds very comparable?

Upvote 3

Read Answer Asked by Joe on February 24, 2026

• BNS Investment Savings Account Series F (DYN6004 $1.00)
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• BNS Investment Savings Account Series F U$ (DYN6005 $1.00)
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• Global X High Interest Savings ETF (CASH $50.01)
  • $50.01 P/E (TTM): 13.15X Cap: $6.70B
  • View CASH Profile
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• Global X 0-3 Month U.S. T-Bill ETF (UBIL.U $50.03)
  • $50.03 Cap: $567M
  • View UBIL.U Profile
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• Global X 0-3 Month T-Bill ETF (CBIL $50.02)
  • $50.02 Cap: $2.22B
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Q: Can you please recommend where to safely park CAD and USD; with the highest yield? I have been using CASH.TO (Yield 2.33% as of February 20) or CBIL.TO (Y 2.42%) for CAD and UBIL.U.TO (Y 4.08%) for USD.
Our BNS portfolio manager recently put some cash into the following mutual funds:
BNS Investment Savings Account Series F U$(DYN6005:CA)
BNS INVESTMENT SAVINGS ACCOUNT SR F (6004). Can you please tell me how frequently the latter two savings accounts pay out interest and what is the current yield for each? I could not find any information online for these BNS savings mutual funds.
Thanks!

Upvote 6

Read Answer Asked by Grant on February 24, 2026

• Purpose Global Bond Fund (BND $17.72)
  • $17.72 Cap: $1.41B
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• PIMCO Monthly Income Fund (Canada) (PMIF $18.01)
  • $18.01 P/E (TTM): 12.29X Cap: $4.57B
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Q: Which is better for global bond exposure? Seems like both are US bond focused.
Thanks Ron

Upvote 3

Read Answer Asked by Ronald on February 24, 2026

• iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.43)
  • $16.43 P/E (TTM): 20.4X Cap: $1.08B
  • View XHY Profile
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Q: Hello,
Can you please recommend 2 USD ETF equivalent to XHY? I would prefer to buy in USD for currency diversification. Thank you.

Upvote 2

Read Answer Asked by Pierre on February 23, 2026

• State Street SPDR FTSE International Government Inflation-Protected Bond (WIP $40.36)
  • $40.36 Cap: $506M
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Q: Is WIP a worthwhile choice for inflation protection, income and diversification for a retired investor with an otherwise CMR (20%), preferred stock (FITBI 12%) and pipeline-heavy (10%) portfolio?

Upvote 1

Read Answer Asked by David on February 20, 2026

Q: Hi Peter. Thanks for your great advice. I am overweight in equities and would like to diversify into fixed income ETFs. Please advise what your recommend as the best fixed income ETFs Canadian and US ETFS.

Thank you for your great service.

Peter

Upvote 6

Read Answer Asked by Peter on February 19, 2026

• BMO Money Market Fund (ZMMK $49.85)
  • $49.85 Cap: $5.82B
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• TD Cash Management ETF (TCSH $50.04)
  • $50.04 P/E (TTM): 13.15X Cap: $989M
  • View TCSH Profile
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Q: Would you consider these 2 ETF's equivalents?

Upvote 3

Read Answer Asked by Joe on February 17, 2026

• iShares Core Canadian Universe Bond Index ETF (XBB $27.85)
  • $27.85 P/E (TTM): 11.34X Cap: $9.86B
  • View XBB Profile
  • View Questions on XBB
• iShares Convertible Bond Index ETF (CVD $17.95)
  • $17.95 P/E (TTM): 35.13X Cap: $125M
  • View CVD Profile
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• Vanguard Total Bond Market ETF (BND $73.24)
  • $73.24 Cap: $153.91B
  • View BND Profile
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Q: To balance my portfolio what bond etfs and other fixed income would you recommend currently, give CAD And US options?
I have accumulated quite a lot of USD from good returns and I am seeking to broaden my exposure to non US stocks (e.g. Europe) are you okay with buying the US equivalent ETFs or do you recommend converting back into CAD?

Upvote 5

Read Answer Asked by Mark on February 11, 2026

• BMO Long Corporate Bond Index ETF (ZLC $14.93)
  • $14.93 Cap: $292M
  • View ZLC Profile
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• BMO US High Dividend Covered Call ETF (ZWH $25.69)
  • $25.69 P/E (TTM): 20.61X Cap: $1.07B
  • View ZWH Profile
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Q: Conservative investor, given where markets are trading....and Trump. Seeking a 4+% yield with reasonable safety of principle in mind. In a 50/50 fund, what percentage of fixed income would you place in ZLC. Might a better approach be to just raise the total equity allocation instead by adding some US holdings, like ZWH for example? I realize you don't know all my details, just looking for a general comparison. Fantastic service, thanks.

Upvote 2

Read Answer Asked by Curtis on February 10, 2026

• Purpose High Interest Savings Fund (PSA $50.03)
  • $50.03 Cap: $3.02B
  • View PSA Profile
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• Global X High Interest Savings ETF (CASH $50.01)
  • $50.01 P/E (TTM): 13.15X Cap: $6.70B
  • View CASH Profile
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• High Interest Savings Account ETF (HISA)
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Q: Re: RESP

I would a conservative GIC or HISA for CASH remaining in an RESP account, last child about to start 2nd 4 year degree, so it will get used up in the next 4 years.

I presently use BMO investorline. Please let me know what options I have for best GIC OR HISA available , I am not against switching out to another institution i.e. wealth simple.

Upvote 3

Read Answer Asked by Ernest on February 10, 2026