InvestCube
Invest with peace of mind
Stay tuned: our new InvestCube service will soon be available!
Any questions? Call us at 1-800-363-3511
Smart investing made easy
Take the worry out of investing. Choose InvestCube and your ETF1 portfolio will be automatically rebalanced in response to market changes. It's a hassle-free solution.
With InvestCube:
- Select from six portfolios based on your investor profile
- Benefit from automatic rebalancing
- Save on management fees
- Get diversification and enhanced liquidity
$10,000
minimum investment
Rebalancing fee of
0.48% to 0.73%
You'll also enjoy
commission-free trading!
$0
annual administrative fees
Tips from our experts
Exchange-traded funds (ETFs) are baskets of securities that are traded on a stock exchange like shares. Generally, investors use ETFs for two reasons: as a passive way to invest over the long term, or to gain exposure to a short-term trend in a given index.
3 reasons to choose InvestCube
Meet your goals with InvestCube
The hassle-free way to meet your goals. InvestCube automatically rebalances your portfolio, up to 12 times a year.
The portfolio is rebalanced when asset allocations stray 10% or more from their target.
Initial investment |
Rebalancing fee4 |
$10,000 to $249,999 |
0.73% |
$250,000 to $399,999 |
0.68% |
$400,000 to $499,999 |
0.63% |
$500,000 to $749,999 |
0.58% |
$750,000 to $999,999 |
0.53% |
$1,000,000 or more |
0.48% |
Learn about rebalancing fees
Rebalancing fees for InvestCube are calculated based on all portfolios held.3
- They are taxable and charged quarterly on the 22nd day of January, April, July and October.
- Fees are based on the average value of the portfolio on the last business day of each month.
Did you know?
With a systematic savings plan, you can set up transfers weekly, bi-weekly or monthly. This strategy is sure to pay off over the long term—no matter how much you transfer ($25, $100 or more).
Select the portfolio that matches your profile
Conservative
profile
Moderate
profile
Balanced
profile
Growth
profile
Equity
profile
USD Global
profile
See how InvestCube performs
| InvestCube portfolios | 1 month | 3 months | 6 months | 1 year | 2 years annualized | 3 years annualized | Annualized since inception |
|---|---|---|---|---|---|---|---|
| Conservative | -0.38% | 1.89% | 4.34% | 3.52% | 1.97% | 3.27% | 3.14% |
| Moderate | -1.10% | 1.64% | 4.22% | 3.06% | 2.41% |
4.27% | 4.17% |
| Balanced | -2.26% | 1.33% | 4.36% | 2.93% | 3.01% | 5.82% | 5.28% |
| Growth | -3.54% | 0.49% | 3.64% | 1.59% | 3.24% | 7.01% | 6.33% |
| Equities | -4.11% | 0.18% | 3.40% | 1.43% | 3.59% | 7.62% | 7.17% |
| USD Global | -5.14% | -1.65% | 1.28% | -1.22% | 4.46% | 7.45% | 8.72% |
| Conservative | |
|---|---|
| 1 month | -0.38% |
| 3 months | 1.89% |
| 6 months | 4.34% |
| 1 year | 3.52% |
| 2 years annualized | 1.97% |
| 3 years annualized | 3.27% |
| Annualized since inception | 3.14% |
| Moderate | |
|---|---|
| 1 month | -1.10% |
| 3 months | 1.64% |
| 6 months | 4.22% |
| 1 year | 3.06% |
| 2 years annualized | 2.41% |
| 3 years annualized | 4.27% |
| Annualized since inception | 4.17% |
| Balanced | |
|---|---|
| 1 month | -2.26% |
| 3 months | 1.33% |
| 6 months | 4.36% |
| 1 year | 2.93% |
| 2 years annualized | 3.01% |
| 3 years annualized | 5.82% |
| Annualized since inception | 5.28% |
| Growth | |
|---|---|
| 1 month | -3.54% |
| 3 months | 0.49% |
| 6 months | 3.64% |
| 1 year | 1.59% |
| 2 years annualized | 3.24% |
| 3 years annualized | 7.01% |
| Annualized since inception | 6.33% |
| Equities | |
|---|---|
| 1 month | -4.11% |
| 3 months | 0.18% |
| 6 months | 3.40% |
| 1 year | 1.43% |
| 2 years annualized | 3.59% |
| 3 years annualized | 7.62% |
| Annualized since inception | 7.17% |
| USD Global | |
|---|---|
| 1 month | -5.14% |
| 3 months | -1.65% |
| 6 months | 1.28% |
| 1 year | -1.22% |
| 2 years annualized | 4.46% |
| 3 years annualized | 7.45% |
| Annualized since inception | 8.72% |
The data below are as at May 31, 2019.5
The fine print
What is rebalancing?
Rebalancing fees for InvestCube are calculated based on all portfolios held.
A portfolio will be rebalanced when:
- An ETF strays by 10% or more from its target weighting.
OR
- More than 5% of the portfolio's value is in cash, except for the conservative portfolio*
- Portfolios are assessed for rebalancing on the 22nd day of each month (or the nearest business day prior to the 23rd). Rebalancing is carried out the next day.
The value of the transaction must be at least $125.
*The Conservative portfolio is only rebalanced if an ETF strays by more than 10% from its target weighting.
Explanation – ETF deviates by more than 10%
The following portfolio must be rebalanced because two of the ETFs have strayed from their targets by more than 10%.
| Balanced symbol | Initial weighting | Weighting after markets close on the 22nd day of the month | Portfolio rebalanced | Portfolio after rebalancing |
|---|---|---|---|---|
Cash |
$2,000 (2%) | $2,000 (2%) | None | 2% |
XQB |
$14,000 (14%) | $14,000 (14%) | None | 14% |
HAB |
$15,000 (15%) | $15,000 (15%) | None | 15% |
HYI |
$15,000 (15%) | $13,000 (13%) | None | 15% |
Cash |
|
|---|---|
| Initial weighting | $2,000 (2%) |
| Weighting after markets close on the 22nd day of the month | $2,000 (2%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
2% |
XQB |
|
|---|---|
| Initial weighting | $14,000 (14%) |
| Weighting after markets close on the 22nd day of the month | $14,000 (14%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
14% |
HAB |
|
|---|---|
| Initial weighting | $15,000 (15%) |
| Weighting after markets close on the 22nd day of the month | $15,000 (15%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
15% |
HYI |
|
|---|---|
| Initial weighting | $15,000 (15%) |
| Weighting after markets close on the 22nd day of the month | $13,000 (13%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
15% |
Deviation of 13.33%, rebalancing required
| Balanced symbol | Initial weighting | Weighting after markets close on the 22nd day of the month | Portfolio rebalanced | Portfolio after rebalancing |
|---|---|---|---|---|
XIC |
$15,000 (15%) |
$17,000 (17%) | $2,000 in securities sold |
15% |
VRE |
$5,000 (5%) |
$5,000 (5%) |
None | 5% |
VTI |
$12,000 (12%) |
$12,000 (12%) |
None | 12% |
XEF |
$12,000 (12%) |
$12,000 (12%) |
None | 12% |
IJH |
$5,000 (5%) |
$5,000 (5%) |
None | 5% |
VWO |
$5,000 (5%) |
$5,000 (5%) |
None | 5% |
Total |
$100,000 (100%) |
$100,000 (100%) |
- | 100% |
XIC |
|
|---|---|
| Initial weighting | $15,000 (15%) |
| Weighting after markets close on the 22nd day of the month | $17,000 (17%) |
| Portfolio rebalanced | $2,000 in securities sold |
| Portfolio after rebalancing |
15% |
VRE |
|
|---|---|
| Initial weighting | $5,000 (5%) |
| Weighting after markets close on the 22nd day of the month | $5,000 (5%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
5% |
VTI |
|
|---|---|
| Initial weighting | $12,000 (12%) |
| Weighting after markets close on the 22nd day of the month | $12,000 (12%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
12% |
XEF |
|
|---|---|
| Initial weighting | $12,000 (12%) |
| Weighting after markets close on the 22nd day of the month | $12,000 (12%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
12% |
IJH |
|
|---|---|
| Initial weighting | $5,000 (5%) |
| Weighting after markets close on the 22nd day of the month | $5,000 (5%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
5% |
VWO |
|
|---|---|
| Initial weighting | $5,000 (5%) |
| Weighting after markets close on the 22nd day of the month | $5,000 (5%) |
| Portfolio rebalanced | None |
| Portfolio after rebalancing |
5% |
Total |
|
|---|---|
| Initial weighting | $100,000 (100%) |
| Weighting after markets close on the 22nd day of the month | $100,000 (100%) |
| Portfolio rebalanced | - |
| Portfolio after rebalancing |
100% |
Explanation – Cash holdings make up more than 5% of portfolio's value
| Symbole | Initial weighting | Weighting after markets close on the 22nd day of the month | Changes to portfolio | Portfolio after rebalancing |
|---|---|---|---|---|
Cash |
$2,000 (2%) |
$5,500 (5.17%) |
Cash discount when buying ETFs |
2.93% |
XQB |
$14,000 (14%) |
$14,000 (13.17%) |
None | 13.17% |
HAB |
$15,000 (15%) |
$15,000 (14.11%) |
2) $945 purchase |
15% |
HYI |
$15,000 (15%) | $14,500 (13.64%) |
1) $1,445 purchase |
15% |
XIC |
$15,000 (15%) |
$16,400 (15.43%) |
None | 15.43% |
VRE |
$5,000 (5%) |
$5,500 (5.17%) |
None | 5.17% |
VTI |
$12,000 (12%) |
$12,500 (11.76%) |
None |
11.76% |
XEF |
$12,000 (12%) |
$12,500 (11.76%) |
None |
11.76% |
IJH |
$5,000 (5%) |
$5,200 (4.89%) |
None |
4.89% |
VWO |
$5,000 (5%) |
$5,200 (5%) |
None |
4.89% |
Total |
100,000 (100%) |
106,300 (100%) |
- | 100% |
Cash |
|
|---|---|
| Initial weighting | $2,000 (2%) |
| Weighting after markets close on the 22nd day of the month | $5,500 (5.17%) |
| Changes to portfolio | Cash discount when buying ETFs |
| Portfolio after rebalancing |
2.93% |
XQB |
|
|---|---|
| Initial weighting | $14,000 (14%) |
| Weighting after markets close on the 22nd day of the month | $14,000 (13.17%) |
| Changes to portfolio | None |
| Portfolio after rebalancing |
13.17% |
HAB |
|
|---|---|
| Initial weighting | $15,000 (15%) |
| Weighting after markets close on the 22nd day of the month | $15,000 (14.11%) |
| Changes to portfolio | 2) $945 purchase |
| Portfolio after rebalancing |
15% |
HYI |
|
|---|---|
| Initial weighting | $15,000 (15%) |
| Weighting after markets close on the 22nd day of the month | $14,500 (13.64%) |
| Changes to portfolio | 1) $1,445 purchase |
| Portfolio after rebalancing |
15% |
XIC |
|
|---|---|
| Initial weighting | $15,000 (15%) |
| Weighting after markets close on the 22nd day of the month | $16,400 (15.43%) |
| Changes to portfolio | None |
| Portfolio after rebalancing |
15.43% |
VRE |
|
|---|---|
| Initial weighting | $5,000 (5%) |
| Weighting after markets close on the 22nd day of the month | $5,500 (5.17%) |
| Changes to portfolio | None |
| Portfolio after rebalancing |
5.17% |
VTI |
|
|---|---|
| Initial weighting | $12,000 (12%) |
| Weighting after markets close on the 22nd day of the month | $12,500 (11.76%) |
| Changes to portfolio | None |
| Portfolio after rebalancing |
11.76% |
XEF |
|
|---|---|
| Initial weighting | $12,000 (12%) |
| Weighting after markets close on the 22nd day of the month | $12,500 (11.76%) |
| Changes to portfolio | None |
| Portfolio after rebalancing |
11.76% |
IJH |
|
|---|---|
| Initial weighting | $5,000 (5%) |
| Weighting after markets close on the 22nd day of the month | $5,200 (4.89%) |
| Changes to portfolio | None |
| Portfolio after rebalancing |
4.89% |
VWO |
|
|---|---|
| Initial weighting | $5,000 (5%) |
| Weighting after markets close on the 22nd day of the month | $5,200 (5%) |
| Changes to portfolio | None |
| Portfolio after rebalancing |
4.89% |
Total |
|
|---|---|
| Initial weighting | 100,000 (100%) |
| Weighting after markets close on the 22nd day of the month | 106,300 (100%) |
| Changes to portfolio | - |
| Portfolio after rebalancing |
100% |
This portfolio was rebalanced because more than 5% of its value was in cash holdings after markets closed on the 22nd day of the month.
Two steps to rebalance a portfolio:
1. Identify the ETF that is furthest from its target: The HYI ETF strays from its target by 9.06%. InvestCube checks if cash holdings are above its 2% target.
2. Identify the ETF that is next furthest from its target: The HAB ETF strays from its target by 5.9333%. InvestCube purchases $945 in the HAB ETF to bring it back in line with its target.
Phone transactions
The following transactions must be carried out by phone with a Customer Service Representative.
Initial purchase
Select InvestCube Account on the account opening form. You must then call us to finalize the account opening, select a portfolio and transfer funds. A minimum investment of $10,000 is required.
Subsequent deposits
Subsequent deposits must be $3,000 or more to be invested immediately. If you deposit less than $3,000, the cash amount will be taken into account the next time the portfolio is rebalanced.
Change in portfolio
You can carry out two changes in portfolio each year for free. A $45 fee will be charged for subsequent changes.
Partial sale
You can carry out two partial sales each year for free. A $45 fee will be charged for subsequent sales.
The portfolio's value must exceed $10,000 after a partial sale.
RRIF account sale
If payment instructions are provided, sales in RRIF accounts are carried out automatically.
Sale in full
If you want to close your InvestCube account, your ETFs must be sold. Funds must be transferred to another account.
Deactivating the rebalancing feature
You keep your ETFs, but they are no longer rebalanced
- Management and other fees may apply to ETF investments. Please read the prospectus before making an investment. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
- The amount must be invested in the portfolio of your choice.
- A root is defined as the first six (6) digits of an account number.
- Rebalancing fees are between 0.48% and 0.73% of the value of the portfolio. For the purposes of this calculation, they are assumed to be charged monthly
- Although the information presented is based on sources we believe to be reliable and up-to-date, we cannot guarantee its accuracy. The information in this document should not be construed as investment advice. The following assumptions were used to calculate the return on a sample portfolio valued at $50,000 as at October 1, 2014 or March 1, 2016 for the USD Global portfolio (no additional contributions). The portfolio is deemed to have been rebalanced monthly when one or more exchange-traded funds (ETFs) strayed from the target by 10% or more, based on the closing price on the 22nd day of each month. For ETFs in U.S. dollars, we used the conversion rate in effect on the last day of the month. Interest payable on cash amounts is calculated using National Bank of Canada's prime rate less 2.25%. Interest is paid on the 15th day of each month, if the amount payable is over $5 (no interest payable in the USD Global portfolio).
