Mackenzie Balanced Allocation ETF (MBAL.TO) ETF Analysis

Fund Overview

Mackenzie Balanced Allocation ETF (MBAL.TO) is an exchange-traded fund. Total net assets stand at CA$236.93M. The fund is issued by Mackenzie Investments. It has been trading since September 29, 2020.

The largest positions on file are Mackenzie US Large Cap Equity ETF (QUU.TO), Mackenzie Canadian Aggregate Bond ETF (QBB.TO), and Mackenzie Canadian Equity ETF (QCN.TO). Mackenzie US Large Cap Equity ETF alone accounts for 26.64% of the portfolio.

Performance Analysis

MBAL.TO last closed at CA$30.59 on September 3, 2026. The trailing one-year price return is +16.15%. Across 5 years the annualized return works out at +8.51%. The trailing distribution yield is 1.97%.

The strongest complete calendar year on file is 2024 at +17.62%; the weakest is 2022 at −11.45%. Of the 5 complete calendar years on file, 4 finished higher. 2026 is still running; the price is +9.06% year to date.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$27.44 to CA$30.92. The latest close sits 11.48% above that 52-week low. Daily returns over the trailing 5 years annualize to a volatility of 9.65%. Beta against the wider market is reported at 1.14. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.