VS
Manulife Balanced ETF Portfolio (MBAP) and Purpose Active Conservative Fund (PACF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MBAP focuses its top 3 sector exposures on Finance, Technology, and Energy, while PACF leans towards Finance, Sovereign, and Industrials. When evaluating costs, MBAP features a management fee (MER) of 0.35%, compared to 0.2% for PACF. 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
PACF
| AuM | $25.37 M | $78.66 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% | - | - | - |
PACF | -0.43% | +1.18% | +6.19% | +9.83% | - | |
| Flows | MBAP | +$4 M | +$21 M | - | - | - |
PACF | +$1 M | +$8 M | +$14 M | +$8 M | - |
MBAP vs PACF exposure
Countries
MBAP
Canada
32.52%
USA
24.84%
Other
18.90%
Other
23.74%
PACF
Canada
37.67%
USA
23.92%
Other
17.79%
Other
20.62%
Sectors
MBAP
Finance
22.99%
Other
18.90%
Technology
12.45%
Energy
7.47%
Other
38.19%
PACF
Finance
23.89%
Other
17.79%
Sovereign
11.48%
Other
46.84%
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%
PACF
CA74643B1031
8.03%
CA55454N1042
3.82%
CA74642E3068
3.13%
USA, Bills 0% 17sep2026, USD (182D)
1.16%
Royal Bank of Canada
0.95%
USA, Bills 0% 18mar2027, USD (364D)
0.82%
Bank of Montreal
0.63%
The Bank of Nova Scotia
0.59%
CA74642X1069
0.59%
Canada, Bonds 2.5% 1nov2027, CAD
0.52%
Diversification
MBAP
Total weight of top 10 holdings out of 10,450 total
22.96%
PACF
Total weight of top 10 holdings out of 19,448 total
20.25%
Characteristics
Compare
MBAP
PACF
| 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 | - | 3.39% |
| Meets ESG criteria | No | No |
| Inception Date | April 28, 2026 | October 13, 2023 |
Frequently asked questions about MBAP and PACF
Which ETF is larger by assets under management: MBAP or PACF?
As of September 2, 2026, MBAP manages $25.37 M in assets, while PACF manages $78.66 M. PACF is the larger fund by AUM.
How are MBAP and PACF managed?
MBAP is actively managed by Manulife Investments. It does not track an index. PACF is actively managed by Purpose Investments. It does not track an index.
What sectors do MBAP and PACF emphasize?
MBAP is most exposed to Finance, Technology, and Energy. PACF is most exposed to Finance, Sovereign, and Industrials.
How do the fees of MBAP and PACF compare?
MBAP has an expense ratio of 0.35%, while PACF has an expense ratio of 0.46%.
What are the top holdings of MBAP and PACF?
MBAP's largest holdings include NVIDIA Corp. and Apple, Inc.. PACF's top holdings include USA, Bills 0% 17sep2026, USD (182D) and Royal Bank of Canada.
Which ETF is more diversified: MBAP or PACF?
MBAP holds 10098 securities, while PACF holds 16328. On holdings count, PACF is the more diversified portfolio.
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