What do you think of the iShares Balanced fund (XBAL)

A bit of background. I presently have all my investments with the TD but have been talking with an advisor from an independent financial advisor business who has been impressing me so I may move some or all of my stuff over to them.

Yesterday though, my TD advisor suggested I might want to move some of my non-registered ISA funds into the TD tactical monthly income fund but from a bit of searching on the net, it seemed like the iShares Balanced fund (XBAL) might be a better alternative. One reason I say that is the much lower MER involved.

I have asked the independent advisor for his input but haven’t heard back yet but am wondering what you think of this XBAL fund.

I wasn’t planning to make this move immediately but would instead wait until the markets had gone down somewhat.

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Asked on July 9, 2025 7:39 am

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Private answer

The TD Tactical Income fund is, in my opinion, a poor fund primarily due to the fees. I'm not really sure why the advisor would suggest it to you unless you had maybe mentioned you need income but there are still plenty of opportunities elsewhere outside of a high fee mutual fund to get it. It is 50% equity 50% fixed income. But the thing is these days you do not need to pay a 2% MER to get exposure like that.

XBAL is a great fund for those who are a bit more risk-averse. 60% equity 40% fixed income. You'll get higher yields and overall lower volatility. This fund is primarily used by people who are near retirement or entering retirement.

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Posted by Dan Kent

Answered on July 9, 2025 8:46 am

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