Zag

ZAG is a CAD-denominated, fixed income Exchange Traded Fund (ETF) that tracks the FTSE Canada Universe Bond Index closely. Here are key details about ZAG:

1. **Issuer**: BMO Global Asset Management provides the ETF, which is a brand name for BMO Asset Management Inc. and BMO Investments Inc..
2. **Benchmark**: The FTSE Canada Universe Bond Index is the benchmark index for ZAG. This index represents a broad segment of the Canadian fixed income market, covering investment-grade bonds issued by federal, provincial, and municipal governments.
3. **Dividend Payments**: ZAG distributes dividends 12 times annually, although there is no guarantee of dividend payments or their stability.
4. **Expense Ratio**: The total expense ratio for ZAG is 0.09%, which is relatively low and indicates efficient management fees.
5. **Listing Location**: The main exchange for ZAG is the Toronto Stock Exchange (TSX), and it is tracked by the CICXMX ticker.
6. **Investment Strategy**: As a fixed income ETF, ZAG provides exposure to a diversified portfolio of Canadian investment-grade bonds, which are considered low risk due to the strong creditworthiness of the issuers.

In summary, ZAG is a CAD-denominated ETF that offers investors exposure to a diversified portfolio of Canadian investment-grade bonds, with a focus on providing regular dividend payments and low management fees.