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Compare Manulife Smart Global Bond ETF (GBND) vs CIBC Global Bond ex-Canada Index ETF (CGBI) to find the best fit for your portfolio. GBND provides Sovereign, Finance, and Municipal exposures, while CGBI is primarily weighted in Sovereign, Finance, and Industrials. When evaluating costs, GBND features a management fee (MER) of 0.4%, compared to 0.19% for CGBI. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
GBND
CGBI
| AuM | - | $802.24 M |
| Management Fees | 0.40% | 0.19% |
| Exp. ratio | 0.45% | 0.22% |
| Tracking Difference | - | -0.12% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBND | +1.29% | -0.97% | -1.63% | -2.85% | +10.61% |
CGBI | +1.34% | -0.90% | -1.41% | -1.87% | +10.09% | |
| Flows | GBND | - | - | - | - | - |
CGBI | +$18 M | +$55 M | +$196 M | +$248 M | +$509 M |
GBND vs CGBI exposure
Countries
GBND
Canada
19.49%
USA
18.89%
Japan
9.74%
Germany
8.18%
Other
43.70%
CGBI
USA
35.28%
China
12.11%
Other
9.63%
Japan
8.80%
Other
34.18%
Sectors
GBND
Sovereign
63.87%
Finance
10.93%
Municipal
7.13%
Other
18.07%
CGBI
Sovereign
57.25%
Finance
13.52%
Other
9.63%
Industrials
8.11%
Other
11.49%
As of October 29, 2026
Top 10 Holdings
GBND
Canada, Bills 0% 13jan2027, CAD (182D)
7.03%
Japan, JGB 1.1% 20sep2042, JPY
4.67%
Canada, Bills 0% 21oct2026, CAD (182D)
3.96%
Germany, Bund 2.2% 15feb2034, EUR
3.51%
Japan, JGB 0.8% 20mar2034, JPY
2.98%
Austria, AGB 2.9% 23may2029, EUR
2.97%
France, OAT 0.75% 25feb2028, EUR
2.42%
USA, Notes 4.625% 15feb2035, USD (B-2035)
2.23%
USA, Bonds 4.875% 15aug2045, USD
2.13%
Italy, BTP 2.1% 26aug2027, EUR
2.09%
CGBI
USA, Notes 2.875% 15may2028, USD (C-2028)
3.17%
USA, Notes 0.875% 15nov2030, USD (F-2030)
2.79%
USA, Notes 4.25% 28feb2029, USD (V-2029)
2.53%
USA, Notes 4.25% 15may2035, USD (C-2035)
2.36%
Japan, JGB 0.1% 20dec2028, JPY
2.24%
USA, Notes 2.75% 15aug2032, USD (E-2032)
1.95%
USA, Bonds 4.75% 15aug2055, USD
1.74%
China, Bonds 2.8% 24mar2029, CNY
1.58%
Japan, JGB 0.4% 20sep2040, JPY
1.44%
China Development Bank, 3.09% 9aug2028, CNY
1.40%
Diversification
GBND
Total weight of top 10 holdings out of 141 total
33.99%
CGBI
Total weight of top 10 holdings out of 348 total
21.19%
Characteristics
Compare
GBND
CGBI
| Provider | Manulife Investments | CIBC |
| Management | Actively managed | Passively managed |
| Benchmark | - | Morningstar Global ex-Canada Core Bond Hedged CAD Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.50% | 2.87% |
| Meets ESG criteria | No | No |
| Inception Date | May 15, 2023 | September 16, 2021 |
Frequently asked questions about GBND and CGBI
Which ETF has performed better year to date: GBND or CGBI?
As of October 29, 2026, GBND has returned -1.63% year to date, while CGBI has returned -1.41%. CGBI is ahead on YTD performance.
How are GBND and CGBI managed?
GBND is actively managed by Manulife Investments. It does not track an index. CGBI is passively managed by CIBC. It tracks the Morningstar Global ex-Canada Core Bond Hedged CAD Index - CAD benchmark.
What sectors do GBND and CGBI emphasize?
GBND is most exposed to Sovereign, Finance, and Municipal. CGBI is most exposed to Sovereign, Finance, and Industrials.
How do the fees of GBND and CGBI compare?
GBND has an expense ratio of 0.45%, while CGBI has an expense ratio of 0.22%.
What are the top holdings of GBND and CGBI?
GBND's largest holdings include Canada, Bills 0% 13jan2027, CAD (182D) and Japan, JGB 1.1% 20sep2042, JPY. CGBI's top holdings include USA, Notes 2.875% 15may2028, USD (C-2028) and USA, Notes 0.875% 15nov2030, USD (F-2030).
Which ETF is more diversified: GBND or CGBI?
GBND holds 115 securities, while CGBI holds 331. On holdings count, CGBI is the more diversified portfolio.
Recent articles about GBND and CGBI
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