Question 1

What is MBAL?

Accepted Answer

MBAL — Mackenzie Balanced Allocation ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the MBAL ETF price today?

Accepted Answer

MBAL last traded at $30.19 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the MBAL MER (management expense ratio)?

Accepted Answer

MBAL has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, MBAL is considered a low-cost ETF.

Question 4

What are MBAL annualised returns?

Accepted Answer

MBAL historical returns: YTD: +6.57%, 1-year: +17.15%, 3-year annualised: +14.51%, 5-year annualised: +8.32%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.51, which measures risk-adjusted return.

Question 5

Does MBAL pay dividends or distributions?

Accepted Answer

Yes, MBAL distributes income to unitholders. The current distribution yield is approximately 1.95%, paid quarterly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does MBAL invest in?

Accepted Answer

MBAL's top holdings include Mackenzie US Large Cap Equity Index ETF (QUU, 26.7%), Mackenzie Canadian Aggregate Bond Index ETF (QBB, 23.5%), Mackenzie Canadian Equity Index ETF (QCN, 17.6%), Mackenzie International Equity Index ETF (QDX, 11.7%), Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged) (QUB, 9.1%) — and 3 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can Neu Gbl Tgt Alloc NR CAD.

Question 7

What sectors does MBAL invest in?

Accepted Answer

MBAL's largest sector exposures are Technology (24.5%), Financial Services (21.6%), Industrials (11.3%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is MBAL? (Assets under management)

Accepted Answer

MBAL has approximately $233M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was MBAL launched?

Accepted Answer

MBAL was launched on September 29, 2020, giving it a 6-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy MBAL in Canada?

Accepted Answer

MBAL trades on the TSX under the ticker MBAL. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is MBAL?

Accepted Answer

MBAL has a 1-year volatility of 6.98% and a beta of 1.13 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.51 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-07-20	$30.29	$30.29	$30.14	$30.19	$30.19	12,141
2026-07-17	$30.15	$30.18	$30.15	$30.16	$30.16	1,665
2026-07-16	$30.26	$30.33	$30.26	$30.29	$30.29	2,100
2026-07-15	$30.45	$30.45	$30.45	$30.45	$30.45	347
2026-07-14	$30.33	$30.35	$30.33	$30.35	$30.35	2,866
2026-07-13	$30.39	$30.39	$30.28	$30.28	$30.28	441
2026-07-10	$30.59	$30.59	$30.47	$30.54	$30.54	6,713
2026-07-09	$30.44	$30.44	$30.44	$30.44	$30.44	309
2026-07-08	$30.37	$30.37	$30.14	$30.26	$30.26	2,581
2026-07-06	$30.77	$30.77	$30.63	$30.66	$30.66	1,688

#	Ticker	Name	Weight
1	QUU	Mackenzie US Large Cap Equity Index ETF	26.75%
2	QBB	Mackenzie Canadian Aggregate Bond Index ETF	23.46%
3	QCN	Mackenzie Canadian Equity Index ETF	17.56%
4	QDX	Mackenzie International Equity Index ETF	11.73%
5	QUB	Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged)	9.10%
6	QDXB	Mackenzie Developed ex-North America Aggregate Bond Index ETF (CAD-Hedged)	6.34%
7	QEE	Mackenzie Emerging Markets Equity Index ETF	4.23%
8	QEBL	Mackenzie Emerging Markets Local Currency Bond Index ETF	0.79%

Sector	Weight
Technology	24.54%
Financial Services	21.61%
Industrials	11.33%
Consumer Cyclicals	7.26%
Energy	7.13%
Basic Materials	7.10%
Healthcare	6.29%
Communication Services	6.17%
Consumer Defensive	4.30%
Utilities	2.61%
Real Estate	1.67%

Mackenzie Balanced Allocation ETF (MBAL : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Mackenzie Balanced Allocation ETF

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