VS
Manulife Growth ETF Portfolio (MGAP) and Purpose Active Balanced Fund (PABF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MGAP focuses its top 3 sector exposures on Finance, Technology, and Industrials, while PABF leans towards Finance, Technology, and Industrials. When evaluating costs, MGAP 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
MGAP
PABF
| AuM | $22.11 M | $332.44 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.35% | 0.46% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MGAP | +1.26% | +0.95% | - | - | - |
PABF | +0.24% | +2.64% | +10.86% | +17.61% | - | |
| Flows | MGAP | +$3 M | +$18 M | - | - | - |
PABF | +$31 M | +$59 M | +$80 M | +$112 M | - |
MGAP vs PABF exposure
Countries
MGAP
USA
29.35%
Canada
26.95%
Other
12.32%
Other
31.39%
PABF
Canada
34.23%
USA
21.52%
Other
16.81%
Japan
7.36%
Other
20.09%
Sectors
MGAP
Finance
22.87%
Technology
15.98%
Other
12.31%
Industrials
7.98%
Energy
7.22%
Other
33.65%
PABF
Finance
24.76%
Other
16.81%
Technology
7.66%
Industrials
7.43%
Other
43.34%
As of September 3, 2026
Top 10 Holdings
MGAP
CA56503H1064
5.21%
CA56501D1078
2.94%
CA56504C1068
1.98%
NVIDIA Corp.
1.62%
Microsoft Corp.
1.12%
Apple, Inc.
1.11%
Alphabet, Inc.
0.81%
Broadcom Inc.
0.80%
Amazon.com, Inc.
0.80%
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
MGAP
Total weight of top 10 holdings out of 12,606 total
17.04%
PABF
Total weight of top 10 holdings out of 15,690 total
20.66%
Characteristics
Compare
MGAP
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 | - | 5.23% |
| Meets ESG criteria | No | No |
| Inception Date | April 28, 2026 | October 13, 2023 |
Frequently asked questions about MGAP and PABF
Which ETF is larger by assets under management: MGAP or PABF?
As of September 3, 2026, MGAP manages $22.11 M in assets, while PABF manages $332.44 M. PABF is the larger fund by AUM.
How are MGAP and PABF managed?
MGAP 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 MGAP and PABF emphasize?
MGAP is most exposed to Finance, Technology, and Industrials. PABF is most exposed to Finance, Technology, and Industrials.
How do the fees of MGAP and PABF compare?
MGAP has an expense ratio of 0.35%, while PABF has an expense ratio of 0.46%.
What are the top holdings of MGAP and PABF?
MGAP's largest holdings include NVIDIA Corp. and Microsoft Corp.. PABF's top holdings include Royal Bank of Canada and Bank of Montreal.
Which ETF is more diversified: MGAP or PABF?
MGAP holds 12112 securities, while PABF holds 15000. On holdings count, PABF is the more diversified portfolio.
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