CADE ETF: what CADE.TO is, what it holds, and how it works

Short answer: CADE.TO is the Avantis CIBC International Equity ETF. It listed on the TSX on March 13, 2026, at a 0.29% management fee. It holds international developed-market companies (outside North America) with tilts toward value, smaller, and profitable companies. It is the Canadian-listed sibling of the U.S.-listed AVDE. The full MER isn’t published yet because of the first-year reporting rule.

CADE is the international sleeve of the Avantis CIBC lineup. It covers developed markets outside North America, run on the Avantis factor methodology, in one CAD-denominated ticker.

This is not financial advice. I’m sharing what I’ve learned from my own research, and your situation might differ. Fund details change, so always check the latest disclosures before deciding.

What CADE actually is

CADE.TO is an ETF listed on the TSX in Canadian dollars. CIBC handles the wrapper; Avantis runs the strategy. It holds companies across developed international markets (Europe, Japan, Australia, and similar), weighted toward value and profitability rather than pure size. Its closest U.S.-listed cousin is AVDE, the Avantis International Equity ETF.

What CADE holds

CADE holds a diversified basket of developed-market companies outside North America, screened toward value and profitability. Compared with a cap-weighted international index, it carries less concentration in the largest names and more weight in cheaper, profitable companies across the size range.

CIBC hasn’t published a full geographic and top-holdings breakdown yet. The mandate is clear: international developed equity, Avantis methodology.

The fee, and the first-year MER rule

CADE’s management fee is 0.29%. The U.S.-listed AVDE runs at 0.23%, but buying it as a Canadian means USD conversion and a USD account. CADE removes that by being CAD-denominated. The full MER isn’t published under the first-year rule; expect it a few basis points above 0.29%.

How the factor tilt works

A cap-weighted international fund owns developed markets by company size. CADE tilts toward value (cheaper on fundamentals), size (less megacap concentration), and profitability. The academic basis is Fama-French plus Novy-Marx.

How CADE fits with the rest of the lineup

CADE is the international building block. It pairs with CACE (Canada), CAUS (U.S.), and CAEM (emerging markets) for a self-built Avantis portfolio, or sits as an international tilt on a global core. If you want one fund and no work, CAGE already holds international developed markets internally. Full lineup in the Avantis CIBC ETFs guide.

Frequently asked questions

What is CADE.TO?

The Avantis CIBC International Equity ETF, managed by CIBC with Avantis as sub-advisor. Listed March 13, 2026, CAD-denominated, holding international developed-market companies tilted toward value, smaller size, and profitability.

What is CADE’s MER?

Management fee 0.29%. Full MER not published yet (first-year rule). The U.S.-listed AVDE is 0.23% but carries USD friction for a Canadian.

Does CADE include emerging markets?

No. CADE is developed international only. Emerging markets are covered by the separate CAEM sleeve, or internally by the all-in-one CAGE.

Can I hold CADE in a TFSA or RRSP?

Yes, in any standard Canadian registered or non-registered account. Being Canadian-listed, no currency conversion is needed.

Bottom line

CADE is a clean, CAD-denominated international developed-equity sleeve with a factor tilt. It’s a building block for a self-constructed Avantis portfolio. If you want simplicity, CAGE already covers international without a separate holding.