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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 | $34.43 M | $332.98 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.35% | 0.46% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MBAP | +0.04% | -0.48% | - | - | - |
PABF | +0.43% | +0.69% | +9.78% | +12.50% | - | |
| Flows | MBAP | +$7 M | +$20 M | - | - | - |
PABF | +$5 M | +$41 M | +$86 M | +$114 M | - |
MBAP vs PABF exposure
Countries
MBAP
Canada
32.56%
USA
25.10%
Other
18.60%
Other
23.74%
PABF
Canada
33.93%
USA
22.05%
Other
16.10%
Japan
7.45%
Other
20.47%
Sectors
MBAP
Finance
22.58%
Other
18.61%
Technology
13.11%
Energy
7.64%
Other
38.07%
PABF
Finance
24.39%
Other
16.10%
Technology
8.26%
Industrials
7.54%
Other
43.71%
As of October 16, 2026
Top 10 Holdings
MBAP
CA56501D1078
8.26%
CA56503H1064
5.23%
CA56504C1068
3.44%
NVIDIA Corp.
1.64%
Microsoft Corp.
1.21%
Apple, Inc.
1.01%
Amazon.com, Inc.
0.63%
The Toronto-Dominion Bank
0.62%
Alphabet, Inc.
0.61%
Broadcom Inc.
0.60%
PABF
CA74643B1031
4.63%
CA55454N1042
3.36%
CA74642E3068
3.13%
CA74642X1069
2.60%
Royal Bank of Canada
1.26%
USA, Bills 0% 17sep2026, USD (182D)
0.88%
The Bank of Nova Scotia
0.88%
Bank of Montreal
0.85%
USA, Bills 0% 18mar2027, USD (364D)
0.73%
Enbridge, Inc.
0.65%
Diversification
MBAP
Total weight of top 10 holdings out of 10,465 total
23.26%
PABF
Total weight of top 10 holdings out of 15,547 total
18.97%
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 | - | 5.43% |
| 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 October 16, 2026, MBAP manages $34.43 M in assets, while PABF manages $332.98 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 Microsoft Corp.. PABF's top holdings include Royal Bank of Canada and USA, Bills 0% 17sep2026, USD (182D).
Which ETF is more diversified: MBAP or PABF?
MBAP holds 10104 securities, while PABF holds 14769. On holdings count, PABF is the more diversified portfolio.
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