Asset Class Global Balanced

MBAL

Mackenzie Balanced Allocation ETF

NAV:

C$20.68

Updated: Oct 2, 2023

MARKET PRICE:

C$20.68

Updated: Oct 2, 2023

NAV:

C$20.68

Updated: Oct 2, 2023

MARKET PRICE:

C$20.68

Updated: Oct 2, 2023

Why invest in this fund?

For investors seeking long-term capital growth and moderate level of income.
Low cost allocation ETF that provides broad diversification by investing in ETFs.
Regular rebalancing helps maintain target allocations and risk levels.

Key Facts

NAV Changes $ | % | YTD

C$-0.07 | -0.34% | 4.53%

Net Assets

Oct 2, 2023

C$44,471,286

Units Outstanding

Oct 2, 2023

2,150,000

Risk Tolerance

Low-Med

Management Fee | MER

Mar 31, 2023

0.17% | 0.19%

Benchmark*

27% S&P500+18% S&P/TSX Comp.+11% MSCI EAFE+4% MSCI EM+24% FTSE Canada Univ.+9% BBG Barclays US Ag. Bond+6% BBG Barclays GDP Global Ag. Dev Market ex-US (Hgd to USD)+1% J.P. M GBI-EM Global Core

NAV

C$21.65 | C$19.25

Inception Date

Sep 29, 2020

Management Style

Active

Eligible for Registered Plans

Yes

CUSIP

554551101

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

ETF Characteristics

P/E Ratio (Aug 31, 2023)

16.83x

P/B Ratio (Aug 31, 2023)

2.44x

Trailing 12 - Month Yield (Aug 31, 2023)

2.26%

Distribution Yield (Aug 31, 2023)

2.48%

Last Paid Distribution (Sep 26, 2023)

C$0.118

Record Date

Sep 19, 2023

Distribution Frequency

Quarterly

Effective Duration (Aug 31, 2023)

7.71 years

Weighted Average Maturity (Aug 31, 2023)

10.52 years

Weighted Average YTM (Aug 31, 2023)

5.20%

Weighted Average Coupon (Aug 31, 2023)

3.04%

Performance

Portfolio

Sustainability Characteristics

Maturity

Historical Data

Resources

Fund Materials

Mackenzie Asset Allocation ETFs - Simple single-ticket solutions pdf 246KB
Investor page - Effective asset allocation in a single solution pdf 380KB
Mackenzie ETFs - Made for Canadians by Canadians pdf 1597KB
Fund Profile - Mackenzie Balanced Allocation ETF pdf 499KB

Regulatory Documents

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investment funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Index performance does not include the impact of fees, commissions, and expenses that would be payable by investors in the investment products that seek to track an index.

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or asset allocation service or returns on investment in the investment fund or from the use of the asset allocation service.

*The S&P 500 Index is based on the performance of 500 large-capitalized companies listed on the New York Stock Exchange or NASDAQ. The S&P/TSX Composite Index is the benchmark Canadian index representing companies on the Toronto Stock Exchange. The MSCI EAFE Index is an equity index based on the performance of large and mid-capitalized companies in developed markets outside of the United States and Canada. The MSCI EM Index captures large and mid cap representation across 26 Emerging Markets countries. The FTSE Canada Universe Bond Index is comprised of Canadian investment grade bonds with maturities of at least one year. The Bloomberg Barclays US Aggregate Bond Index is comprised of investment-grade government bonds, corporate bonds, asset-backed securities, commercial mortgage-backed securities, and mortgage pass-through securities that have at least one year to maturity. The Bloomberg Barclays GDP Global Ag Developed Market EX US (Hedged to USD) Index is a GDP weighted index comprised of global investment grade debt including treasury, government-related, corporate and securitized fixed-rate bonds from developed markets issuers excluding United States and USD denominated bonds. The performance of this index is hedged to USD. The J.P. Morgan GBI-EM Global Core Index is designed to track a basket of bonds issued in local currencies by emerging market governments.

‡ Credit ratings and rating categories are based on ratings issued by a designated rating organization.

† Maturity details are provided by one or more sources that may include DBRS, S&P, Bloomberg, FTSE TMX and Citigroup Corp.

Inception date is the date when the ETF is listed.

The Fund’s market price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which units of the Fund are listed for trading at market close.

The NAV return is based on the NAV of the Fund per unit and the market return is based on the market price of the Fund per unit.

ESG Metric Definition

* - The MSCI ESG Rating for funds is designed to measure the resiliency of portfolios to long-term ESG risks and opportunities. The most highly rated funds consist of issuers with leading or improving management of key ESG risks. The ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).

The Weighted Average Carbon Intensity measures a fund's exposure to carbon intensive companies based on scope 1 and 2 emissions.
The percentage of fund's market values exposed to companies that generate revenue from sustainable impact solutions goods and services. Additionally, sustainable impact solutions revenue from companies with negative externalities are excluded.
The fund holdings weighted average of the percentage of board members who are women.
The percentage of portfolio's market value exposed to companies facing one or more Very Severe controversies related to the environment, customers, human rights, labor rights and governance.
The percentage of portfolio's market value exposed to companies involved in tobacco. This includes companies that derive more than 10% of revenue from tobacco.
The percentage of portfolio's market value exposed to companies with ties to cluster munitions, landmines, biological / chemical weapons, depleted uranium weapons, blinding laser weapons, incendiary weapons, and/or non-detectable fragments.
The percentage of portfolio's market value exposed to companies involved in gambling. This includes companies that derive more than 10% of revenue from gambling activities.
The percentage of portfolio's market value exposed to companies involved in adult entertainment. This includes companies that generate more than 10% of their revenue from adult entertainment activities.

Each Fund’s ESG characteristics and performance may differ from time to time. Each Fund’s MSCI ESG rating and Morningstar Sustainability Rating does not evaluate the ESG-related investment objectives of, or any ESG strategies used by, the Funds and is not indicative of how well ESG factors are integrated by the Fund. Other providers may also prepare fund-level ESG ratings using their own methodologies, which may differ from the methodologies used by Morningstar or MSCI as applicable. Please refer to the simplified prospectus for the Funds for further information about each Fund’s investment objectives and strategies

MSCI’s ESG Fund Ratings are meant to measure environmental, social and governance (ESG) characteristics of a fund’s constituents. MSCI uses a rating system, ranging from CCC (laggard) to AAA (leader), which considers individual holding scores, ESG momentum and ESG tail risk. The rating is determined based on a weighted average of the company-level ratings of the underlying holdings of the particular fund. These ratings are updated monthly. Under MSCI’s ESG Fund Ratings methodology, a portfolio must meet an eligibility criterion of at least 65% of assets under management covered to have a public rating. See the complete methodology here.

The Morningstar Sustainability Rating is a measure of how well a portfolio, and its holdings, are performing through an ESG issues lens in comparison to its peer group. Higher number of globes indicates that portfolio has lower ESG risks. The rating is determined based on a weighted average of the company-level ratings of the underlying holdings of the particular fund. Ratings are as follows: High = 5 globes, Above Average = 4 globes, Average = 3 globes, Below Average = 2 globes, Low = 1 globe. These ratings are updated monthly. We have reported ratings as of the beginning of January. Under Morningstar’s Sustainability Rating, a portfolio must have at least 67% of assets under management covered to have a public rating. See the complete methodology here.

Weighted Average Carbon Intensity (WACI), a carbon-intensity metric, measures a fund’s exposure to carbon-intensive companies expressed in tonnes of carbon dioxide equivalent (tCO2e) per million dollars US of revenue (USDM). This metric acts as a comparable between the fund and the benchmark, utilizing MSCI’s ESG Fund Ratings methodology Scope 1 and Scope 2 greenhouse gas emissions data. Under our internal methodology, at least 65% of a portfolio’s weight must be eligible and covered in order for the metric to be reported.

Board diversity (women) is demonstrated through company filings; depicted as the percentage of women on a company’s Board of Directors. Company filing is done on an annual basis. Under our internal methodology, at least 65% of a portfolio’s weight must be eligible and covered in order for the metric to be reported.

MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

© 2023 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results