About Performance
Invisor’s category performance data is provided for illustrative purposes only. This is based on hypothetical model portfolio performance for each Invisor category, and not based on actual client portfolio performance. Though we make every effort to closely match actual client portfolio performance with the corresponding model portfolios performance over time, these results are entirely the product of a model portfolio, including the results from when we began operations in October 2014 to the present day.
Actual individual portfolio performance may vary depending on the actual percentage of funds included in the portfolio, timing of the initial investment and fund purchases and sales thereafter, actual price of a fund purchased or sold, amount and frequency of contributions, intra-period changes, and any taxes. In addition, the performance data represents past performance and should not be considered indicative or a guarantee of future results.
Portfolios
Invisor model portfolios were launched in October 2014. In order to show performance prior to that date, we use historical portfolios with the same weight and holdings which were held in October 2014. For those ETFs and Mutual Funds that do not have sufficient history, we have completed the data set by using the performance history of Canadian ETFs or Mutual Funds, which most closely match their strategy and our selection criteria.
The substitution from the alternative fund to the October 2014 holding is made in as of the first full month in which the security was available. We believe this methodology results in portfolio returns which closely align with hypothetical return of the Invisor portfolios, but the simulated data is not indicative of actual results.
The alternative securities and their replacement dates are as follows:
| Invisor Selected Fund | Alternative Fund | As of Date |
| Purpose High Interest Savings ETF | Fidelity Canadian Money Market Series F | 11/1/2013 |
| BMO S&P 500 ETF | iShares Core S&P 500 Index ETF (CAD-Hedged) | 12/1/2012 |
| Vanguard Canadian Short Term Bond Index ETF | iShares Canadian Short Term Bond Index ETF | 12/1/2011 |
| iShares Core High Dividend ETF | iShares Core S&P 500 Index ETF (CAD-Hedged) | 4/1/2011 |
| BMO Aggregate Bond ETF | iShares Canadian Universe Bond Index ETF | 2/1/2010 |
| BMO Global Infrastructure ETF | iShares MSCI EAFE Index ETF (CAD-Hedged) | 2/1/2010 |
| PowerShares Real Return Bond Sr. F | iShares Canadian Real Return Bond Index ETF | 2/1/2010 |
| PowerShares Canadian Dividend Index Cl F | iShares S&P/TSX 60 Index ETF | 12/1/2009 |
| BMO High Yield US Corp Bond | BMO High Yield Bond F | 12/1/2009 |
| BMO Short Federal Bond ETF | iShares Canadian Short Term Bond Index ETF | 11/1/2009 |
| BMO Mid Federal Bond ETF | iShares Canadian Universe Bond Index ETF | 6/1/2009 |
| Vanguard FTSE Developed Markets ETF | iShares MSCI EAFE Index ETF (CAD-Hedged) | 8/1/2007 |
Performance Calculation
Performance numbers are net of MERs and the maximum Invisor management fee of 0.5%, which includes trading costs. Returns are calculated using the Time-Weighted Rate of Return methodology. Performance of ETFs, Mutual Funds and Benchmarks includes the reinvestment of dividends, income and any capital gains. All calculations are based on hypothetical registered portfolios without considering any tax implications.
Benchmarks
Benchmark information is provided for comparative purposes only. Although they have been selected based on its relevance to the Invisor model portfolio, they are not used in constructing the model portfolios or implementing the investment strategy within actual client portfolios. The benchmark returns are an average of aggregated mutual fund performance for all funds that fall within the given category. This data is compiled by the Canadian Investment Funds Standards Committee and the performance numbers are reported by Morningstar. You can read more about the CIFSC fund categories here.
Benchmark categories are assigned as follows:
| Benchmark Name | CIFSC Category |
| Average Global Equity Mutual Fund | Global Equity |
| Average Global Equity Tilt Mutual Fund | Global Equity Balanced |
| Average Global Balanced Mutual Fund | Global Neutral Balanced |
| Average Global Fixed Income Tilt Mutual Fund | Global Fixed Income Balanced |
| Average Canadian Money Market Mutual Fund | Canadian Money Market |
We recommend portfolios constructed by Invisor and some of the largest institutional money managers in Canada
Choose a portfolio provider to learn more about their firm, and then select a portfolio to view its details
Invisor was founded in 2014 with the mission to simplify investing and help Canadians reach their financial dreams sooner. Our goal is to be your investment adviser of choice, while acting in your best interest. We construct investment portfolios independently using well-managed investment funds available to Canadian investors. To learn more about our portfolios, click here.
Invisor portfolios seek to achieve strong risk-adjusted returns through asset allocation strategies and diversification across a broad range of asset classes. Our strategy is passive in nature with low turnover, but we do maintain slight active tilts versus the global market-cap weighted benchmarks in certain asset classes, taking into account longer-term macro-economic trends. We use both Canadian and US listed funds managed by some of the largest and most reputable portfolio management firms in the industry.
The low-cost, low-turnover way in which we manage portfolios is typically very tax-efficient. By seeking lower cost products to build our portfolios, we are able to achieve an overall low-cost management approach for our clients and thus, reduce the drag of costs on long-term performance.
The equity portion of our portfolios currently aims for a 10% Canada, 55% US, and 35% international weighting. The fixed income component has exposure to the broad Canadian bond index, with a tilt towards shorter-term and federal bonds for lower risk portfolios and more exposure to higher yielding Canadian, US and International bonds as we increase risk exposure.
BlackRock Asset Management Canada Ltd. Has provided investment management and advisory services in Canada since 1992. Together with their affiliates (collectively, “BlackRock”), the company is a leader in investment management, risk management and advisory services worldwide, managing over $5 trillion (CAD) in assets as of December 2016. To learn more about BlackRock portfolios, click here
BlackRock portfolios provide investors with access to professionally managed and diversified investment products, across the risk/return spectrum. These portfolios offer Canadians simple, transparent, and cost-effective balanced investment solutions designed to meet a variety of investment needs.
Each portfolio is constructed by combining 4-5 iShares ETFs that provide exposure across asset classes, regions and sectors, helping investors achieve a diversified portfolio. By combining the investment capabilities of BlackRock with the strength of the iShares ETFs platform, BlackRock’s portfolios offer a solution for investors seeking access to low-cost and diversified portfolios.
The equity portion of BlackRock portfolios currently aims for a 40% Canada, 60% US and international weighting. The fixed income component has exposure to the broad Canadian bond index, with a tilt towards shorter-term and high-quality bonds for lower risk portfolios, and more exposure to longer-term bonds for riskier portfolios.
To learn more about BlackRock, click here.
The Vanguard Group, Inc. was founded in 1975 and, as of December 31, 2016, manages over $5 trillion (CAD) in assets serving more than 20 million investors worldwide. The portfolios selected by us, have been provided by Vanguard Investments Canada Inc., an indirect Canadian subsidiary of The Vanguard Group, Inc. To learn more about Vanguard portfolios, click here.
In Vanguard portfolios, risk is primarily determined and managed through asset allocation and broad diversification. There is no active management or security selection involved. As the underlying ETFs are index ETFs and the portfolios do not incorporate active or tactical allocation shifts, the returns from each portfolio should very closely approximate those for the benchmarks.
Vanguard portfolios use a 30%/70% ratio of Canadian and non-Canadian equities, as well as a 60%/40% ratio of Canadian and non-Canadian fixed income, representing a conscious home bias relative to global market-cap-weighted benchmarks. There are no intentional tactical overlays or factor bets (size or style) within the asset classes of the portfolios.
Some Vanguard portfolios use multiple ETFs to capture the exposure to a single asset class (for example, non-Canadian equities as represented by Vanguard U.S. Total Market Index ETF, Vanguard FTSE Developed All Cap ex North America Index ETF and Vanguard FTSE Emerging Markets All Cap Index ETF). However, the risk and return characteristics should not meaningfully deviate from those of the asset-class benchmarks.
Index-oriented, strategically allocated strategies historically have been very tax-efficient, which may enhance a taxable investor’s after-tax returns. These strategies have also tended to be lower-cost, relative to comparable actively managed investment alternatives. Vanguard research has shown a negative correlation between cost and returns, whereby lower-cost funds have tended to deliver higher longer-term returns relative to higher-cost funds. This potential for higher returns due to the portfolios’ low relative cost may benefit both taxable and tax-exempt investors.
To learn more about Vanguard, click here.
Portfolios
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Safety
These portfolios seek to preserve capital and provide steady returns. They are income-oriented, investing mostly in cash and high-quality fixed income investments.
Conservative Income
These portfolios seek relatively stable income and limits short term volatility. They are income-oriented, investing mostly in risk-adverse securities like cash and high-quality fixed income securities, while having a modest exposure to equities.
Balanced Income
These portfolios seek stable income with some capital growth and year-to-year fluctuations. They are income-oriented and holds slightly more weight on fixed income than equities.
Balanced
These portfolios seek growth with exposure to some year-to-year fluctuations in exchange for potentially higher long-term returns. They have a relatively equal weight between equities and fixed income securities.
Balanced Growth
These portfolios seek growth with exposure to moderate year-to-year fluctuations in exchange for potentially higher long-term returns. They have a higher weight in equities than fixed income.
Growth
These portfolios seek growth with exposure to a moderate to high degree of year-to-year fluctuations in exchange for potentially higher long-term returns. They are a growth-oriented portfolio, investing mostly in equities with a modest exposure to fixed income.
All Equity
These portfolios seek aggressive growth with exposure to larger year-to-year fluctuations in value in exchange for potentially higher long-term returns. They are a long-term growth-oriented portfolio that only holds equities.
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Conservative Income
These portfolios seek relatively stable income and limits short term volatility. They are income-oriented, investing mostly in risk-adverse securities like cash and high-quality fixed income securities, while having a modest exposure to equities.
Balanced Income
These portfolios seek stable income with some capital growth and year-to-year fluctuations. They are income-oriented and holds slightly more weight on fixed income than equities.
Balanced
These portfolios seek growth with exposure to some year-to-year fluctuations in exchange for potentially higher long-term returns. They have a relatively equal weight between equities and fixed income securities.
Balanced Growth
These portfolios seek growth with exposure to moderate year-to-year fluctuations in exchange for potentially higher long-term returns. They have a higher weight in equities than fixed income.
Growth
These portfolios seek growth with exposure to a moderate to high degree of year-to-year fluctuations in exchange for potentially higher long-term returns. They are a growth-oriented portfolio, investing mostly in equities with a modest exposure to fixed income.
All Equity
These portfolios seek aggressive growth with exposure to larger year-to-year fluctuations in value in exchange for potentially higher long-term returns. They are a long-term growth-oriented portfolio that only holds equities.
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Conservative Income
These portfolios seek relatively stable income and limits short term volatility. They are income-oriented, investing mostly in risk-adverse securities like cash and high-quality fixed income securities, while having a modest exposure to equities.
Balanced Income
These portfolios seek stable income with some capital growth and year-to-year fluctuations. They are income-oriented and holds slightly more weight on fixed income than equities.
Balanced
These portfolios seek growth with exposure to some year-to-year fluctuations in exchange for potentially higher long-term returns. They have a relatively equal weight between equities and fixed income securities.
Balanced Growth
These portfolios seek growth with exposure to moderate year-to-year fluctuations in exchange for potentially higher long-term returns. They have a higher weight in equities than fixed income.
Growth
These portfolios seek growth with exposure to a moderate to high degree of year-to-year fluctuations in exchange for potentially higher long-term returns. They are a growth-oriented portfolio, investing mostly in equities with a modest exposure to fixed income.
All Equity
These portfolios seek aggressive growth with exposure to larger year-to-year fluctuations in value in exchange for potentially higher long-term returns. They are a long-term growth-oriented portfolio that only holds equities.
Asset Mix
Portfolio Holdings
| Performance as of May '18 | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
| Invisor Portfolio | 8.7% | 9.8% | 12.2% | 6.1% |
| Average Global Equity Tilt Mutual Fund | 7.7% | 6.4% | 8.7% | 3.6% |
Your portfolio will be made of funds from
the most trusted names in the industry
We shortlist top funds for each asset class and review each fund's fit within the portfolio.
Some of the criteria we use to evaluate funds:
- Fund characteristics (size, risk profile, turnover)
- Performance track record
- Fund manager experience
- Costs
- Analyst ratings
| Asset Class | Current funds | |
| Canadian Equity | BMO Low Volatility Canadian Equity ETF | |
| US Equity | iShares Core High Dividend ETF | |
| US Equity | Vanguard Total Stock Market ETF | |
| US Equity | Vanguard U.S. Total Market Index ETF | |
| International | BMO Global Infrastructure ETF | |
| International | Vanguard FTSE Developed Markets ETF | |
| International | Vanguard FTSE Emerging Markets ETF | |
| International | iShares Core MSCI EAFE IMI Index ETF | |
| Fixed Income | BMO Aggregate Bond ETF (CAD) | |
| Fixed Income | BMO High Yield US Corp Bond (CAD) | |
| Fixed Income | BMO Short Federal Bond ETF (CAD) | |
| Fixed Income | Vanguard Canadian Short Term Bond ETF | |
| Fixed Income | PowerShares Real Return Bond Sr. F (CAD) | |
| Balanced | BMO Conservative ETF Portfolio F (CAD) | |
| Balanced | BMO Equity Growth ETF Portfolio | |
| Balanced | BMO Growth ETF Portfolio F (CAD) |