Mackenzie Global Fixed Income Allocation ETF (MGAB.TO) ETF Analysis

Fund Overview

Mackenzie Global Fixed Income Allocation ETF (MGAB.TO) is an exchange-traded fund. The fund holds CA$4.99M in total net assets. The fund is issued by Mackenzie Investments. It has been trading since September 29, 2020.

The largest positions on file are Mackenzie Canadian Short-Term Bond ETF (QSB.TO), Mackenzie Canadian Aggregate Bond ETF (QBB.TO), and Mackenzie US Invmt Grd Corp Bd ETF CAD H (QUIG.TO). Mackenzie Canadian Short-Term Bond ETF alone accounts for 22.14% of the portfolio. The ten largest positions together make up 94.98% of the fund.

Performance Analysis

MGAB.TO last closed at CA$16.59 on September 3, 2026. Over the trailing twelve months the price has returned +1.47%. Across 5 years the annualized return works out at +0.76%. The fund distributes at a trailing yield of 3.75%.

Across the complete calendar years on file, 2023 returned +6.69% and 2022 returned −9.72%. Of the 5 complete calendar years on file, 3 finished higher. So far in 2026 the price is +0.72%.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$16.51 to CA$17.20. The latest close sits 0.48% above that 52-week low. Daily returns over the trailing 5 years annualize to a volatility of 5.45%. The reported beta is 0.61. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.