JUSTBUYCAGEToday
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JustBuy
Cage.

01

A daily, opinionated read on the only Canadian-listed ETF that tilts on purpose — toward cheaper, more profitable companies. Built for investors who can answer “why this and not VEQT?” in one sentence.

NEO:CAGE
CAD
0.28% MER
Listed 18 Mar 2026
Holdings ≈9,000
Read the case →See holdings
Live
C
Avantis CIBC All-Equity Asset Allocation ETF
$0.00
+0.07 · +0.31%
Today's readFri, Jul 10, 2026

CAGE added +0.31% on the day, closing at $22.78. CAUS led the move (+0.31%), while CAEM weighed on the tape (-0.09%). Over the last 30 sessions, the recent rhythm has been mixed — 16 up days against 14 down.

See the rhythm →
Streak
1 ↑
running
Volume
0.60×
vs 20d avg
Since incept.
+13.6%
vs ACWI +16.8%
52-wk pos.
93%
near high
The whole
thesis

Market-cap says “trust the crowd.” CAGE says “trust the math.”

—
02

What you actually own.

As of today
~9,000 holdings
CAGE100%CAUS39.4%CACE30.0%CADE17.6%CASV8.0%
5 Sleeves · click to filter
US EquityCAUS39.4%+0.31%
Canadian EquityCACE30.0%+0.14%
InternationalCADE17.6%+0.60%
Global Small-Cap ValueCASV8.0%+0.45%
Emerging MarketsCAEM5.0%-0.09%
FilterAll sleeves · showing 20 of ~9,000
Clear ✕
Holding
Ticker
Sleeve
Weight
Day
30d
Apple Inc.Underweight vs ACWI
AAPL
CAUS
1.65%
+1.85%
MicrosoftUnderweight vs ACWI
MSFT
CAUS
1.50%
+1.42%
NVIDIAUnderweight vs ACWI
NVDA
CAUS
1.22%
+2.10%
Royal Bank of CanadaCanadian home tilt
RY
CACE
2.10%
+1.20%
Toronto-DominionOverweight · cheap on book
TD
CACE
1.85%
+1.05%
EnbridgeCash-profitable · overweight
ENB
CACE
1.10%
+0.95%
Canadian Natural Res.Value × profitability
CNQ
CACE
0.98%
+0.75%
Berkshire Hathaway BOverweight · deep value
BRK.B
CAUS
0.95%
+0.78%
JPMorgan ChaseOverweight · financials value
JPM
CAUS
0.92%
+1.30%
Meta PlatformsNear-neutral vs ACWI
META
CAUS
0.88%
+2.05%
Brookfield Corp.Overweight · alt assets
BN
CACE
0.88%
+1.55%
ExxonMobilEnergy · high profitability
XOM
CAUS
0.86%
+0.20%
NestléIntl defensive · neutral
NESN
CADE
0.78%
+0.42%
Novo NordiskProfitability tilt
NOVO.B
CADE
0.62%
+0.85%
ShopifyUnderweight · unprofitable
SHOP
CACE
0.58%
+2.50%
ASML HoldingProfitability tilt
ASML
CADE
0.54%
+0.95%
Toyota MotorValue tilt · INTL
7203
CADE
0.46%
+0.30%
LVMHProfitability tilt
MC
CADE
0.42%
+0.65%
TSMCOverweight · EM value
TSM
CAEM
0.42%
-0.25%
TencentEM value tilt
0700
CAEM
0.30%
-0.85%
Top 20 by effective weight in CAGECoverage: 11.4% of fund · long tail 88.6%Source: Avantis quarterly
03

CAGE vs the giants.

Since inception
Total return

Since inception, side-by-side

-5%0%+5%+10%+15%
CAGE+13.55%
VEQT+14.60%
XEQT+13.53%
Since inception (~3 mo) · total return
CAGE+13.55%
VEQT+14.60%
XEQT+13.53%
See the full comparison inside →
04

The whole point of CAGE.

Factor loadings
vs ACWI IMI
The receipts

Market-cap weighting is one bet. CAGE is four.

VEQT and XEQT weight every company by what other investors pay. CAGE doesn't. Avantis scores every stock daily on price, book equity, and cash profitability — then nudges toward names that look cheap and productive.

Positive numbers mean CAGE owns more of that style than a passive global index would.

Read the full case →
Value
Cheap on book & earnings
+0.42
−0.50+0.5
Profitability
High cash profits / assets
+0.38
−0.50+0.5
Size
Tilt toward smaller caps
+0.18
−0.50+0.5
Momentum
Trailing 12-mo winners
-0.04
−0.50+0.5
05

Go deeper.

The article
or the data
The Article · 12 min

The world's equities,
tilted on purpose.

Five sections. The philosophy. The daily implementation. The Canadian angle. Head-to-head vs VEQT/XEQT. And the honest answer on who CAGE is actually for — including who should stay away.

Read →
The Data · all widgets

Inside CAGE.
Every dollar, every day.

Rhythm calendar of every session, 3-ring X-Ray with click-to-drill, interactive money-flow Sankey ($1 → 5 sleeves → 6 regions), and the full returns table vs. ACWI IMI.

Open all →