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  5. XAW: I own TOCA. [iShares Core MSCI All Country World ex Canada Index ETF]
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Investment Q&A

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Q: I own TOCA. Performance has been OK. But less than I expected from an aggressive ETF. Do you know a similar ETF of ETFs , with little Canadian and income exposure? I have XAW too, which I prefer.

I also own VGRO but not very growth-oriented with too much income, so I might get rid of VGRO. Your thoughts?
Thanks.
Asked by Denise on June 12, 2023
5i Research Answer:

TOCA is up 9% this year, with a 2.4% yield. We agree we would not really consider it 'aggressive'. It is a bank fund after all. IJH is one replacement option. It has a lower yield 1.2% and is up less this year (5.5%) but we think it is poised to do much better once rates peak. Because TOCA is a mix of many funds, it is a bit hard to replicate. 24% is US equity, 20.3% Canadian equity, 16% technology. Then it adds some dividend, low vol and international exposure. ISCG is a more aggressive option but is 100% equities. It does have better returns and much lower fees. We think VGRO is OK. It has 20% bond exposure, which has been a drag on performance but may help more this year. It is only 10% banks which we like as most funds are overweight that sector.