This post is part of a series called Under the Hood, where l take a detailed look at specific Canadian ETFs or index funds.
The indexes: Both XCR and XGR are actively managed funds that do not track an index.
The cost: The MER of each fund is 0.63%. This is the all-in cost, as the MERs of the underlying funds are waived so investors are not charged twice.
The details: The iShares Core Portfolio Builders are ETF wraps: all-in-one portfolios made up of iShares ETFs in various asset classes: bonds, equities, and commodities. They appear to be designed for investors who like the idea of investing with ETFs, but aren’t comfortable building their own portfolios from scratch.
Although their names suggest quite opposite strategies, both ETFs are extremely bond-heavy: the Conservative version (XCR) currently holds 76% in bonds, 19% in equities, and 5% in commodities. The Growth fund (XGR) is 63% bonds, 26% equities, 9% REITs and 2% commodities.