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$4.87M in total net assets. The expense ratio is 0.29%. On a CA$10,000 position that is CA$29.00 a year. 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 18.23% of the portfolio. The ten largest positions together make up 94.99% of the fund.

Performance Analysis

MGAB.TO last closed at CA$16.27 on October 20, 2026. Over the trailing twelve months the total return is −1.51%. Across 5 years the annualized return works out at +0.81%. The fund distributes at a trailing yield of 3.92%.

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 total return is −0.87%.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$16.25 to CA$17.20. The latest close sits 0.12% above that 52-week low. Daily returns over the trailing 6 years annualize to a volatility of 5.16%. The reported beta is 0.62. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.