The Wealthsimple Save portfolio is designed to offer a modest yield to help preserve the real value of savings. Here's what is in the portfolio and why:

• iShares Short-Term National Muni Bond ETF (SUB) - (40%). These are investment-grade bonds issued by municipal governments that mature in less than six years. It provides a reasonably higher yield relative to 1-3 Month U.S. Treasury Bills in a very tax efficient way.
• Vanguard Short-Term Treasury ETF (VGSH) - (60%). These are bonds issued by the United States government that mature in less than 3 years. They have generally slightly higher yield than 1-3 Month U.S. Treasury bills and very low risk.

The MER of this portfolio is 0.06% and the management fee of this portfolio is 0.25%

The dividend yield (trailing 12 months) of this portfolio is 1.83%