TD Canadian Aggregate Bond Index ETF (TDB)
Important Information
WOWA.ca is an independent information website. We are not affiliated with TD Asset Management or TD Canadian Aggregate Bond Index ETF. This page is for general information only and is not investment advice, an offer or a solicitation. Past returns don’t guarantee future results.
- Investment focus:Canadian investment-grade government and corporate bonds
- Category:Canadian diversified bonds
- Management style:Index (passive)
- Managed by:TD Asset Management
- Market data as of:October 30, 2026
With C$4.37 billion in assets, TDB is the 7th largest of the 42 bond ETFs WOWA tracks. Its management expense ratio (MER) is 0.08%, and over the past 12 months it paid out 3.40% of its unit price in distributions.
Jump to section: Overview • Index • Performance • Distributions • Risks • Fit • Ranking • Compare
AUM
C$4.37B
as of Oct 30, 2026
MER
0.08%
annual cost
Trailing yield
3.40%
past 12 months
5-year return
0.76%
annualized
About TDB
TD Canadian Aggregate Bond Index ETF (TDB) is a bond ETF from TD Asset Management, launched on March 22, 2016. It tracks a Solactive index of the broad Canadian investment-grade bond market, from federal, provincial, municipal and corporate borrowers.
What TDB tracks
| Fund detail | Value |
|---|---|
| Index | Solactive Broad Canadian Bond Universe Index |
| Rebalancing | Monthly, following the index |
Solactive, a German index company, built this index to cover the same ground as FTSE’s Canada Universe index: investment-grade bonds in Canadian dollars from Ottawa, the provinces, cities and companies. It uses its own rules to pick and weight the bonds. Interest payments are counted as reinvested.
TDB fund facts
ETF data as of October 30, 2026
Updated weekly| Fund detail | Value |
|---|---|
| Fund basics | |
| Ticker | TDB |
| Provider | TD Asset Management |
| Inception date | March 22, 2016 |
| Legal structure | Mutual fund trust |
| Management style | Index (passive) |
| Portfolio | |
| Bond market | Canada |
| Bond sector | Aggregate |
| Maturity segment | Broad |
| Credit mandate | Investment grade |
| Currency treatment | Canadian-dollar bonds |
| Number of holdings | 1,583 (as of September 10, 2026) |
| Costs and distributions | |
| Management fee | 0.07% |
| MER | 0.08% |
| Distribution frequency | Monthly |
| Trailing distribution yield | 3.40% |
| Risk rating (issuer) | Low |
| Size and trading | |
| Assets under management | C$4.37 billion (as of October 30, 2026) |
| Average daily volume | 102,963 units a day (listing exchange) |
TDB performance
ETF data as of October 30, 2026
Updated weekly| Period | TDB | Canadian diversified median |
|---|---|---|
| 1 year | -0.46% | -0.41% |
| 3 years, annualized | 4.86% | 4.86% |
| 5 years, annualized | 0.76% | 0.70% |
| 10 years, annualized | 1.42% | 1.44% |
Total returns with distributions reinvested, in CAD, as of October 30, 2026. Category median: the middle value among the funds in the Canadian diversified group with a return for that period (14 funds for one year, 13 for three and five years, 8 for ten years). N/A: no complete return record for the period. Past performance does not predict future results.
$10,000 invested in TDB ten years ago would be worth about $11,500 as of October 30, 2026, with distributions reinvested and before taxes and trading costs.
Risk and return measures
ETF data as of October 30, 2026
Updated weekly| Measure | 3 years | 5 years | 10 years |
|---|---|---|---|
| Volatility | 5.15% | 6.06% | 5.28% |
| Sharpe ratio | 0.31 | -0.36 | -0.09 |
Volatility shows how much monthly returns have swung, as a yearly percentage. The Sharpe ratio compares the return above 3-month Government of Canada T-bills with that volatility. Higher means more return for each unit of risk, and below 0 means the fund earned less than T-bills.
TDB distributions
TDB pays distributions monthly. Over the 12 months to October 30, 2026, it paid 3.40% of its unit price, its trailing distribution yield. Amounts can change from one payment to the next.
What TDB’s 2025 distributions were made of
| Component | Share of total |
|---|---|
| Total distribution per unit | $0.48 |
| Interest and other income | 84.50% |
| Foreign income | 1.20% |
| Return of capital | 14.30% |
- Interest and other income is taxed like employment income in a non-registered account.
- Foreign income is also taxed as regular income. For funds that hold foreign bonds, it is mostly interest from those bonds.
- Return of capital is not taxed when you receive it, but it lowers your adjusted cost base, which raises the capital gain when you sell.
Inside a TFSA or RRSP, the type of income does not change your tax. Our guide to registered and non-registered accounts explains the trade-offs.
2025 tax-year breakdown reported for the fund. Shares of the total distribution per unit.
Risks to know
TD Asset Management rates TDB’s risk as low on the standard Canadian fund scale, which runs from low to high. The rating reflects how much the fund’s returns have varied, not the chance that a borrower defaults.
Bond prices fall when interest rates rise. Close to half the fund is federal government debt, so credit risk is low but rate risk is meaningful.
- Credit: It holds mostly government and investment-grade company debt, so default risk is low.
Is TDB a good fit?
| Good fit if you | Think twice if you |
|---|---|
| want one core holding that covers the Canadian investment-grade bond market. | may need the money within a year or two: its price can fall noticeably when yields rise. |
| want a low-cost fund: its 0.08% MER is below the Canadian diversified median of 0.10%. | need a set amount back on a set date: a bond ETF has no maturity date, unlike a GIC. |
General pointers based on the fund’s category, structure and costs, not personal advice.
How TDB ranks
By assets
7th
of 42 bond ETFs
By lowest MER
1st (tied)
of 42 bond ETFs
By 5-year return
5th (tied)
of 13 Canadian diversified bond ETFs
TDB ranks 7th by assets among the 42 bond ETFs WOWA monitors, 1st (tied) by lowest MER, and 5th (tied) of 13 by five-year return in the Canadian diversified group, as of October 30, 2026. See the full list of Canadian bond ETFs.
Compare TDB with similar bond ETFs
TDB is in the Canadian diversified group on our Best Canadian Bond ETFs page. These are the largest other funds in that group.
ETF data as of October 30, 2026
Updated weekly| Ticker | Exposure and strategy | 5-year return | MER | Trailing yield | AUM (CAD B) |
|---|---|---|---|---|---|
| TDB | Canadian investment-grade government and corporate bonds | 0.76% | 0.08% | 3.40% | 4.37 |
| ZAG | Canadian investment-grade government and corporate bonds | 0.64% | 0.09% | 3.45% | 13.24 |
| XBB | Canadian investment-grade government and corporate bonds | 0.70% | 0.10% | 3.52% | 10.94 |
| VAB | Canadian investment-grade government and corporate bonds | 0.66% | 0.08% | 3.42% | 7.76 |
| FCCB | Canadian investment-grade bonds with a corporate tilt | 1.01% | 0.28% | 3.73% | 4.93 |
See all 14 funds in this group.
How to buy TDB
You can buy TDB through any Canadian brokerage account, including a TFSA, RRSP or FHSA, by searching for its ticker. When comparing Canadian trading platforms, look at commissions, account fees and currency-conversion costs.
Before you place the order, check the bid-ask spread and consider a limit order, which caps the price you pay but may not fill. If this is your first account, our brokerage account guide walks you through opening one. Buying inside a TFSA? Our guide to the best TFSA investment options covers the other choices for that account.
If you’re from TD Asset Management and would like to add or update information on this page, please contact us.
Returns, volatility, Sharpe ratios, trailing yield and trading volume: WOWA calculations from Yahoo Finance prices adjusted for distributions, as of October 30, 2026. Assets under management: as of October 30, 2026. Fees, risk rating and inception date: TD Asset Management fund documents. Distribution breakdown: 2025 tax year. Fund page: TD Canadian Aggregate Bond Index ETF.
Disclaimer: This page is for general information only and is not investment advice. WOWA does not recommend any specific fund. Figures come from issuer and third-party sources, may contain errors and can change after publication, so check the fund’s own documents before you invest.