Question 1

What is MGAB?

Accepted Answer

MGAB — Mackenzie Global Fixed Income Allocation ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the MGAB ETF price today?

Accepted Answer

MGAB last traded at $16.42 CAD on the TSX. See the price chart above for recent performance.

Question 3

What are MGAB annualised returns?

Accepted Answer

MGAB historical returns: YTD: -2.96%, 1-year: -0.18%, 3-year annualised: +4.80%, 5-year annualised: +0.78%, 10-year annualised: +0.00%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.38, which measures risk-adjusted return.

Question 4

Does MGAB pay dividends or distributions?

Accepted Answer

Yes, MGAB distributes income to unitholders. The current distribution yield is approximately 3.81%, paid monthly. 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 5

What does MGAB invest in?

Accepted Answer

MGAB's top holdings include Mackenzie Canadian Short-Term Bond Index ETF (QSB, 17.6%), Mackenzie Canadian Aggregate Bond Index ETF (QBB, 13.7%), Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) (QUIG, 10.7%), Mackenzie Emerging Markets Local Currency Bond Index ETF (QEBL, 9.8%), Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged) (QUB, 9.6%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Core Bd GR CAD.

Question 6

What sectors does MGAB invest in?

Accepted Answer

MGAB's largest sector exposures are Energy (0.0%), Utilities (0.0%), Healthcare (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is MGAB? (Assets under management)

Accepted Answer

MGAB has approximately $5M 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 8

When was MGAB launched?

Accepted Answer

MGAB 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 9

How do I buy MGAB in Canada?

Accepted Answer

MGAB trades on the TSX under the ticker MGAB. 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 10

How risky is MGAB?

Accepted Answer

MGAB has a 1-year volatility of 3.37% and a beta of 0.62 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.38 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-11-05	$16.34	$16.42	$16.34	$16.42	$16.42	1,500
2026-10-27	$16.29	$16.29	$16.29	$16.29	$16.29	100
2026-10-19	$16.25	$16.25	$16.25	$16.25	$16.25	100
2026-10-15	$16.37	$16.37	$16.37	$16.37	$16.37	1,900
2026-10-13	$16.29	$16.29	$16.29	$16.29	$16.29	100
2026-10-09	$16.26	$16.26	$16.26	$16.26	$16.26	0
2026-10-02	$16.26	$16.26	$16.26	$16.26	$16.26	0
2026-09-29	$16.29	$16.29	$16.29	$16.29	$16.29	785
2026-09-22	$16.41	$16.41	$16.41	$16.41	$16.41	900
2026-09-18	$16.37	$16.37	$16.37	$16.37	$16.37	135

#	Ticker	Name	Weight
1	QSB	Mackenzie Canadian Short-Term Bond Index ETF	17.56%
2	QBB	Mackenzie Canadian Aggregate Bond Index ETF	13.72%
3	QUIG	Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged)	10.67%
4	QEBL	Mackenzie Emerging Markets Local Currency Bond Index ETF	9.80%
5	QUB	Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged)	9.62%
6	QTIP	Mackenzie US TIPS Index ETF (CAD-Hedged)	7.64%
7	QCB	Mackenzie Canadian All Corporate Bond Index ETF	7.07%
8	QHY	Mackenzie US High Yield Bond Index ETF (CAD-Hedged)	6.02%
9	QEBH	Mackenzie Emerging Markets Bond Index ETF (CAD-Hedged)	5.87%
10	MFT	Mackenzie Floating Rate Income ETF	5.30%

Ticker	Name	Price	1D
CGMD		$5.13	+14.00%
NVDD		$15.27	+11.62%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$8.18	+10.09%
MSTZ		$2.66	+8.57%
COID		$6.48	+8.00%
CCUL	Counterpoint Global CIBC U.S. Large Cap Growth ETF	$23.18	+7.91%
SLVD	BetaPro Silver -2x Daily Bear ETF	$46.09	+7.19%
SHPD		$5.24	+6.50%

Mackenzie Global Fixed Income Allocation ETF (MGAB : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Mackenzie Global Fixed Income Allocation ETF

ETF Details

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Frequently Asked Questions — MGAB