Capital · ETF · TSX: XEQT
One Ticker,
Eight Thousand Companies.
iShares Core Equity ETF Portfolio, TSX ticker XEQT. An all equity fund of five index funds that rebalances itself, held as the part of the book that needs no opinion.
XEQT is the iShares Core Equity ETF Portfolio, listed on the Toronto Stock Exchange in Canadian dollars since 7 August 2019. It is one hundred percent equities, held as five underlying iShares index funds covering roughly 8,300 companies. The management fee is 0.17 percent and the MER is 0.20 percent.
MER
Management fee is 0.17 percent. Source: BlackRock.
Funds Inside
Around 8,300 companies through them.
Listed Since
7 August 2019 on the TSX, in Canadian dollars.
Distributions
Paid quarterly, not monthly.
What Is Actually Inside It
Five funds, weights as published by BlackRock. This is the whole holdings list, not a top ten.
iShares Core S&P Total U.S. Stock Market · 29.15%
The largest single slice. Total United States market, not just the large caps.
iShares S&P/TSX Capped Composite · 25.36%
The Canadian market. A quarter of the fund, which is far above Canada’s share of world market value.
iShares Core MSCI EAFE IMI Index · 24.64%
Developed markets outside North America. Europe, Japan, Australia and the rest.
iShares Core S&P Total U.S. Stock Market, second class · 16.08%
A second United States holding, which takes the combined U.S. weight to about forty five percent.
iShares Core MSCI Emerging Markets · 4.67%
Emerging markets. The smallest slice by a wide margin.
Cash · 0.10%
Canadian and United States dollars. Operational, not a position.
Fund figures from the BlackRock product page and fund fact sheet, net assets as at 31 August 2026. Weights are as published and move with the market.
Why It Anchors The Stock Side
Four reasons, and none of them is a return figure.
It Removes A Decision I Do Not Want To Make
Every other line in the book is a view on something specific. This one is deliberately not. Holding the whole market is the position, and there is nothing to be right or wrong about week to week.
It Rebalances Without Me
The five funds inside are held back to target by the fund, not by me on a Sunday with a spreadsheet. That is the actual product: not the index exposure, which is cheap everywhere, but never having to do the maintenance.
Twenty Basis Points Is The Whole Cost
A 0.20 percent MER on the fund of funds is what a single index fund used to cost. Cost is the one input in a portfolio that is knowable in advance, so it is the one worth being strict about.
The Canadian Weight Is A Choice, Not An Accident
A quarter of the fund is Canada, which is several times Canada’s share of global market value. That is home country bias, it is deliberate on BlackRock’s part, and anyone holding this should know they are making that bet rather than discovering it later.
Common Questions
The iShares Core Equity ETF Portfolio, a BlackRock fund listed on the Toronto Stock Exchange in Canadian dollars since 7 August 2019. It holds five other iShares index funds, which between them cover roughly 8,300 companies, and it rebalances them back to target itself.
The management fee is 0.17 percent and the management expense ratio is 0.20 percent, as reported in the fund’s most recent management report. That is the all in cost of the fund of funds, not a fee stacked on top of the underlying funds’ own fees.
Yes. There is no bond allocation, which is the difference between XEQT and its siblings XGRO, XBAL and XCNS. It is the most aggressive of the family, and in a drawdown it falls with the market because nothing inside it is designed to cushion that.
About a quarter, through the S&P/TSX Capped Composite holding. That is far above Canada’s share of world market value, so a Canadian holding this has meaningfully more home exposure than a global market weight would give.
Quarterly.
No. It is a description of something in a published book, with the fund’s own figures cited to BlackRock. Nothing on this site is financial advice and I am not a licensed advisor.
One Line Of The Book.
The Rest Is Published Too.
Every position, the split behind them, and live prices on all of it.
Not financial advice.