Asset Allocation Funds

Asset Allocation Funds are funds that invest in other ETFs. Let’s define some here.

Equity ETFs:

• VUN - U.S. Total Market Index ETF
• VCN - FTSE Canada All Cap Index ETF
• VIU - FTSE Developed All Cap ex North America Index ETF
• VEE - FTSE Emerging Markets All Cap Index ETF

These are all in the VEQT ETF, and the very approximate allocation tends to be:

• 45% VUN
• 30% VCN
• 20% VTU
• 5% VEE

More exactly, as of May 10, 2026, it’s

• VUN - 43.66%
• VCN - 31.22%
• VIU - 17.92%
• VEE - 7.17%

Bond ETFs:

VAB - Canadian Aggregate Bond Index ETF VBG - Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) VBU - U.S. Aggregate Bond Index ETF (CAD-hedged)

Vanguard tends to allocate the bonds like this:

• 60% VAB
• 20% VBG
• 20% VBU

VBAL (Vanguard Balanced ETF Portfolio)

• VEQT ~ 60%
• Bonds ~ 40%

VGRO (Vanguard Growth ETF Portfolio)

• VEQT ~ 80%
• Bonds ~ 20%

VCNS (Vanguard Conservative ETF Portfolio)

• VEQT ~ 40%
• Bonds ~ 60%

VCIP (Vanguard Conservative Income ETF Portfolio)

• VEQT ~ 20%
• Bonds ~ 80%

Unlinked