The fund aims for income and long-term capital growth by holding a portfolio of iShares ETFs. These ETFs employ indexing strategies to provide exposure to broad-based global equity, and fixed income markets. Target allocation is approximately 20% equity and 80% fixed income. Although XGROs portfolio is not expected to deviate for more than a tenth of the target weights, the fund is permitted to change its long-term strategic asset allocation at the sole discretion of its fund manager/adviser, BlackRock Canada and/or BTC. In addition, XGRO also employs a currency hedging strategy within the non-Canadian fixed income asset class to hedge any exposure to USD or other foreign currencies back to the Canadian dollar. Portfolio rebalancing is also at the discretion of the fund manager.