CAGR ETF: what the Avantis CIBC Growth Asset Allocation ETF is

Short answer: CAGR.TO is a growth-oriented ETF holding roughly 80% equities and 20% fixed income, managed by CIBC with Avantis Investors running the strategy. It began trading on the TSX on August 27, 2026, after being filed in July. The management fee is 0.28%.

If you’ve looked at XGRO or VGRO and thought the shape was right but you’d rather have a factor tilt underneath, CAGR is CIBC’s answer. It’s an 80/20 growth fund with the Avantis methodology on the equity side, in a single Canadian-listed ticker.

It also has the unfortunate distinction of sharing its name with a piece of financial jargon. CAGR normally means compound annual growth rate, which makes searching for this fund genuinely annoying. More on that below.

This is not financial advice, and your situation might be different from mine. Fund details change, so always check the current prospectus and the ETF Facts before making a decision.

What CAGR is

CAGR is the Avantis CIBC Growth Asset Allocation ETF. CIBC Asset Management is the manager, trustee, and portfolio advisor. Avantis Investors, a division of American Century, is the portfolio sub-advisor running the strategy.

Its stated objective is long-term capital appreciation. Notice what’s missing compared to its balanced sibling: CAKE’s objective mentions “a moderate level of income,” CAGR’s doesn’t. That’s the filing telling you the bonds here are ballast, not an income source.

Like the rest of the Avantis CIBC family, CAGR is a fund-of-funds. It holds units of other ETFs rather than individual stocks and bonds, and those underlying funds run active strategies rather than tracking indexes.

CAGR fund facts

Attribute	Value
Ticker	CAGR (TSX)
Legal name	Avantis CIBC Growth Asset Allocation ETF
Began trading	August 27, 2026
Asset mix	~80% equity, ~20% fixed income
Management fee	0.28%
MER	Not available yet (new fund)
Currency	CAD
Distributions	Quarterly
Manager	CIBC Asset Management, sub-advised by Avantis Investors
Eligible accounts	TFSA, RRSP, FHSA, RESP, RDSP, RRIF, DPSP, non-registered

The 80/20 split, and a band that matters more here

The prospectus sets a long-term strategic allocation of approximately 80% equity and 20% fixed income. Equity can span Canadian, U.S., international developed, and emerging markets. Fixed income covers Canadian and non-Canadian bonds.

As with CAKE, the allocation is maintained within a band of no more than 10% above or below target. On an 80/20 fund that band cuts differently than it does on a 60/40. The equity sleeve can run between roughly 70% and 90%, which means the bond allocation can be halved, from 20% down to 10%, without breaching anything.

If you chose an 80/20 fund because you specifically wanted 20% in bonds as a buffer, it’s worth sitting with that. At the low end of the band you’re closer to an all-equity fund than to the label on the tin. The sub-advisor decides where in that range the fund sits, at its discretion, and you find out after the fact.

The fee

The management fee is 0.28%, plus GST/HST, calculated daily and paid monthly. Identical to CAKE and to CAGE.

There’s no published MER yet, and Canadian rules don’t require one in a fund’s first year. Expect the eventual figure to land a few basis points above 0.28%.

For comparison, XGRO’s published MER is roughly 0.20% and VGRO’s is about 0.22%, the two now sitting close together after Vanguard cut VGRO’s management fee to 0.17% in November 2025. So CAGR carries a premium of roughly six to eight basis points over the cap-weighted alternatives.

Whether that’s worth paying over thirty years is the whole question, and it depends entirely on whether the tilt delivers.

The same fund-of-funds caveat applies here as elsewhere in the family. Underlying fund expenses can sit on top of the 0.28%, unless CIBC absorbs them. The prospectus rules out duplicate fees for the same service but is explicit that underlying costs are otherwise additional.

The 80/20 shape is doing most of the work

Something worth naming plainly. At 80% equities, CAGR will behave a lot like an all-equity fund in a bad year. A 20% bond allocation softens a drawdown, it doesn’t prevent one. The arithmetic is simple: if global equities fall 40% and the bond sleeve holds flat, an 80/20 portfolio is still down about 32%. Real relief, but if a 40% drop would have made you sell, a 32% drop might well have too.

That’s not a knock on CAGR. It’s the nature of 80/20, and it’s true of XGRO and VGRO too. But it does mean the honest comparison for most people isn’t CAGR against a balanced fund. It’s CAGR against CAGE, the all-equity sibling trading since March 2026, at the same 0.28% fee.

If 20% in bonds is what lets you stay invested through a rough stretch, that’s a real and valuable thing, and CAGR earns its place. If it’s there because 80/20 sounded prudent, it may be costing you long-run return without buying much comfort.

What’s actually inside

Now that the fund trades, it publishes a holdings list, and that is where to look rather than at any secondhand summary. A fund this new will also have a small asset base, and its early holdings can shift as money comes in.

What the prospectus commits to:

• Up to 100% of net assets in units of other investment funds, primarily ETFs, which may be managed by CIBC or its affiliates
• Underlying funds generally employing active strategies across broad-based equity and fixed income markets
• Equity exposure across Canada, the U.S., international developed markets, and emerging markets
• Fixed income exposure across Canadian and non-Canadian bonds

The equity side is assembled from the existing Avantis CIBC equity ETFs. The bond side is the part worth looking up, since the family had no fixed income fund before August 2026. Duration, credit quality, and whether foreign currency exposure is hedged are all questions the published holdings can now answer.

Distributions and tax

CAGR distributes quarterly. Expect a mix of dividends and foreign source income from the equity sleeve, interest from the bond sleeve, realized capital gains, and possibly returns of capital.

With only 20% in bonds, the interest component will be smaller than CAKE’s, which makes CAGR somewhat more tax-efficient in a non-registered account. Still less efficient than an all-equity fund. In a TFSA, RRSP, FHSA, RESP, RDSP, RRIF, or DPSP, this is all moot.

CAGR is a qualified investment for every standard registered plan.

The ticker problem

CAGR is the standard abbreviation for compound annual growth rate, a metric that appears in roughly every fund fact sheet and investing article ever written. Searching for “CAGR ETF” mostly returns explanations of the metric, not this fund.

That’s a real friction for anyone trying to research it, and worth knowing before you go looking. Search the legal name, “Avantis CIBC Growth Asset Allocation ETF,” or “CAGR.TO,” and you’ll have a much better time.

How CAGR compares

• CAGR vs XGRO and VGRO. Same 80/20 shape. XGRO and VGRO track cap-weighted indexes with tight rebalancing. CAGR tilts toward value, smaller, and profitable companies, allows a wider drift band, and costs about eight basis points more.
• CAGR vs CAKE. Listed the same day, same fee, same strategy. CAKE is 60/40, CAGR is 80/20. Pick based on how much volatility you can hold through, not on which strategy you prefer, because the strategy is identical.
• CAGR vs CAGE. The most useful comparison. CAGE is all-equity, trading since March 2026, same 0.28% fee. CAGR is CAGE with a 20% bond sleeve stapled on.

For the whole family, see the Avantis CIBC lineup guide. For a broader take on how the cap-weighted growth funds stack up, VGRO vs XGRO covers ground that applies here too.

Frequently asked questions

What is CAGR.TO?

CAGR.TO is the Avantis CIBC Growth Asset Allocation ETF, holding roughly 80% equities and 20% fixed income. CIBC Asset Management is the manager and Avantis Investors is the sub-advisor. It began trading on the TSX on August 27, 2026.

When did CAGR launch?

CAGR listed on the Toronto Stock Exchange on August 27, 2026, alongside CAKE and CAGX. CIBC had filed the preliminary prospectus on July 10, 2026.

What is CAGR’s MER?

The management fee is 0.28%. There’s no published MER yet because the fund is new and has no expense history, and Canadian rules don’t require one in a fund’s first year. Expect it a few basis points above 0.28% when it eventually appears. For comparison, XGRO is around 0.20% and VGRO around 0.22%.

Is CAGR an ETF or does it mean compound annual growth rate?

Both, confusingly. CAGR has long been the standard abbreviation for compound annual growth rate, a measure of average yearly return over a period. It is now also the TSX ticker for the Avantis CIBC Growth Asset Allocation ETF. They are unrelated. If you’re searching for the fund, use the legal name or “CAGR.TO” to filter out the metric.

What does CAGR hold?

CAGR is a fund-of-funds holding units of other ETFs, targeting roughly 80% equity and 20% fixed income. Equity spans Canadian, U.S., international developed, and emerging markets. Fixed income covers Canadian and non-Canadian bonds. The current holdings are published on CIBC’s fund page.

Can I hold CAGR in a TFSA or RRSP?

Yes. CAGR is a qualified investment for RRSPs, RRIFs, RDSPs, DPSPs, RESPs, TFSAs, and FHSAs, and it’s also available in non-registered accounts.

Should I pick CAGR or CAGE?

That’s an asset allocation question, not a strategy one. Both charge 0.28% and both use the Avantis approach. CAGE is 100% equities and has been trading since March 2026, so it has more history and more assets. CAGR adds a 20% bond sleeve. If that 20% is what keeps you from selling in a downturn, CAGR earns its place. If you’d hold through it either way, CAGE gives you more equity exposure for the same fee.

Bottom line

CAGR is a sensible product filling an obvious hole. The Avantis CIBC family had no balanced or growth options and no fixed income at all, and 80/20 is one of the most popular shapes in Canadian DIY investing.

The catch is that the fund it most needs to beat is its own all-equity sibling, available at the same price with more history behind it. Before buying, read what’s actually in that 20%, because the bond sleeve is the only thing you’re getting for choosing CAGR over CAGE.