VS
Compare Manulife Balanced ETF Portfolio (MBAP) vs Purpose Active Balanced Fund (PABF) to find the best fit for your portfolio. MBAP provides Finance, Technology, and Energy exposures, while PABF is primarily weighted in Finance, Technology, and Industrials. When evaluating costs, MBAP features a management fee (MER) of 0.35%, compared to 0.2% for PABF. 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
MBAP
PABF
| AuM | $25.37 M | $329.77 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.35% | 0.46% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MBAP | -1.12% | +0.24% | - | - | - |
PABF | -0.35% | +1.70% | +10.19% | +17.20% | - | |
| Flows | MBAP | +$4 M | +$21 M | - | - | - |
PABF | +$30 M | +$58 M | +$79 M | +$111 M | - |
MBAP vs PABF exposure
Countries
MBAP
Canada
32.52%
USA
24.84%
Other
18.90%
Other
23.74%
PABF
Canada
34.23%
USA
21.52%
Other
16.81%
Japan
7.36%
Other
20.09%
Sectors
MBAP
Finance
22.99%
Other
18.90%
Technology
12.45%
Energy
7.47%
Other
38.19%
PABF
Finance
24.76%
Other
16.81%
Technology
7.66%
Industrials
7.43%
Other
43.34%
As of September 2, 2026
Top 10 Holdings
MBAP
CA56501D1078
8.35%
CA56503H1064
5.22%
CA56504C1068
3.48%
NVIDIA Corp.
1.38%
Apple, Inc.
0.97%
Microsoft Corp.
0.94%
Broadcom Inc.
0.68%
Amazon.com, Inc.
0.65%
Alphabet, Inc.
0.64%
The Toronto-Dominion Bank
0.63%
PABF
CA74643B1031
6.74%
CA55454N1042
3.41%
CA74642E3068
2.90%
CA74642X1069
2.58%
Royal Bank of Canada
1.33%
Bank of Montreal
0.92%
The Bank of Nova Scotia
0.87%
Canadian National Railway Co.
0.66%
Manulife Financial Corp.
0.63%
Sun Life Financial, Inc.
0.63%
Diversification
MBAP
Total weight of top 10 holdings out of 10,450 total
22.96%
PABF
Total weight of top 10 holdings out of 15,690 total
20.66%
Characteristics
Compare
MBAP
PABF
| Provider | Manulife Investments | Purpose Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 5.26% |
| Meets ESG criteria | No | No |
| Inception Date | April 28, 2026 | October 13, 2023 |
Frequently asked questions about MBAP and PABF
Which ETF is larger by assets under management: MBAP or PABF?
As of September 2, 2026, MBAP manages $25.37 M in assets, while PABF manages $329.77 M. PABF is the larger fund by AUM.
How are MBAP and PABF managed?
MBAP is actively managed by Manulife Investments. It does not track an index. PABF is actively managed by Purpose Investments. It does not track an index.
What sectors do MBAP and PABF emphasize?
MBAP is most exposed to Finance, Technology, and Energy. PABF is most exposed to Finance, Technology, and Industrials.
How do the fees of MBAP and PABF compare?
MBAP has an expense ratio of 0.35%, while PABF has an expense ratio of 0.46%.
What are the top holdings of MBAP and PABF?
MBAP's largest holdings include NVIDIA Corp. and Apple, Inc.. PABF's top holdings include Royal Bank of Canada and Bank of Montreal.
Which ETF is more diversified: MBAP or PABF?
MBAP holds 10098 securities, while PABF holds 15000. On holdings count, PABF is the more diversified portfolio.
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.