r/JustBuyCAGE

Any news on when the first dividend for CAGE will go out? I see on the CIBC website that a quarterly distribution schedule is planned, but I have no idea when to actually expect the first payout to arrive or the ex dividend date.

Assuming you are a passive investor, perhaps from r/justbuyxeqt, or just general bogleheads..

I'm curious how much did you guys move over, and why?

(Also kinda sums up 50% of the posts here lol)

View Poll

I have trading authority in my wife's TFSA and she had $200 cash sitting there not earning anything.

So I bought $200 worth of CAGE and didn't think anything of it.

Then tonight over dinner she says: "so I got an email that you bought 8 CAGE."

I said: "yes".

She said "ok" then went back to watching Celebrity Jeopardy.

I hope everyone finds a partner that is supportive of CAGE.

Just sold a property. I’d usually dump it all into XEQT/VEQT but since CAGE here I want to explore that before hitting the buy button.

My main question is, is it worth It with the greater tax drag in a non registered account due to the higher rate of rebalancing? Or should I just stick to CAGE within my TFSA/RRSP?

What I mean to say is, how much of cage is xeqt? What's the net tilt effect here

CIBC has updated the CAGE information page on their website with new data in the "Portfolio" section, including holdings characteristics, sector breakdown, market cap breakdown and geographic allocation. Worth bookmarking if you want to keep an eye on how the fund evolves over time.

The number that will interest some people here: the estimated dividend yield is currently 2.29%. For context, the 12-month trailing yield for XEQT is 1.53% and VEQT is 1.41%. The higher yield for CAGE is consistent with its value tilt (cheap and profitable companies tend to pay more in dividends than expensive growth stocks) so this is expected.

A reminder that yield is not a reason on its own to choose one fund over another, and that distributions are taxed differently depending on your account type. But for those holding CAGE in a taxable account or simply curious about what the factor tilt looks like in practice, this is a useful data point.

EDIT: The yield has been updated from 2.29% (as at 03/31/2026) to 2.18% (as at 04/30/2026).

One of the most common questions in factor investing communities is whether the strategy actually delivers in practice, not just in academic backtests. Since Avantis launched their first ETFs in 2019, we now have roughly six years of live data to look at. It is a short horizon by factor investing standards and should be taken with a grain of salt, but it is worth examining.

I compared three Avantis U.S.-listed funds against their closest market-cap weighted equivalents from iShares, using iShares specifically because both Avantis and BlackRock use MSCI indexes for developed and emerging markets classification, while Vanguard uses FTSE, which draws the lines differently and would make a less clean comparison.

The results since inception in 2019:

	Avantis	Index	CAGR Avantis	CAGR Index	Outperformance	Portfolio Visualizer
U.S. equities	AVUS	ITOT	16.01%	15.49%	+0.52% / yr	Comparison
International developed	AVDE	IEFA	12.15%	10.29%	+1.86% / yr	Comparison
Emerging markets	AVEM	IEMG	12.51%	10.54%	+1.97% / yr	Comparison

Across all three comparisons, the Avantis funds have outperformed their market-cap weighted counterparts since launch. The gap is smallest in the U.S., where the market has been dominated by expensive but profitable mega-cap technology stocks that a value tilt naturally underweights. The outperformance is larger in international developed and emerging markets, where the value and profitability premium appears to have been more readily captured.

A few important caveats. Six years is a short period by the standards of factor investing, and this window happened to include 2022 and parts of 2025 and 2026, which were strong years for value. A different starting or ending point could tell a different story. The academic case for factor premiums is built on decades of data across many markets, not on any single six-year window. These results are consistent with what the research predicts, but they do not confirm that the premium will continue at this pace.

For Canadian investors, AVUS, AVDE and AVEM are not directly held by CAGE, but the same Avantis team applies the same investment philosophy to CAUS, CADE and CAEM (which are components of CAGE). The U.S. track record is the best available evidence for what the Canadian-listed funds may deliver over time.

As always, past performance is not a guarantee of future results. This is not financial advice.