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QLB ETF · Mackenzie Canadian Government Long Bond Index ETF
The QLB Exchange Traded Fund (ETF) is provided by Mackenzie Investments. It is built to track an index: Solactive Canadian Long Government Bond Index. The QLB ETF provides physical exposure, so by buying it you actually own parts of all the 64 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/9/2026, 1:30 PM UTC
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This fund is part ofInternational Sovereign Bonds1M perf.-2.89%
Last price
$98.74
1M perf.
-3.38%
1M flows
+€5M
AuM
€50M
E/R
0.2%
Rating
Not rated
ESG Consensus®
QLB
$98.74
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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QLB
$96.47
-0.64%
International Sovereign Bonds
-0.37%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.38%  | -0.64% | -4.14%  | N/A | N/A | -4.83% | -1.07% | -1.07% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
55455N103
ISIN
CA55455N1033
AuM
€50M
E/R
0.2%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/12/2026
$96.47
1D NAV change
-0.53%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
64
Inception date
11/20/2023
Jurisdiction
Canada
Distribution
Canada
Legal structure
Open-end Fund
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Solactive Canadian Long Government Bond Index
Asset class
Factors
N/A
Investment strategy
seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Canadian Long Term Government Bond Index, or any successor thereto. It invests primarily in Canadian federal and provincial government long dated debt instruments.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.64% | -4.14% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
Canada
100.00%
Sectors
Municipal
65.63%
Sovereign
32.50%
Unavailable
1.87%
Diversification
Total weight of top 15 holdings out of 64
Top 15 holdings
Data as of January 31, 2026
Canada, Bond 2 1jan2051 30Y
Canada, Bond 1.75 1dec2053 30Y
Canada, Bonds 2.75% 1dec2055, CAD
Province of Ontario, 2.9% 2jun2049, CAD (DMTN236)
Province of Quebec, 3.5% 1dec2048, CAD (B117)
Province of Quebec, 3.1% 1dec2051, CAD (B125-01)
Province of Ontario, 3.75% 2dec2053, CAD (DMTN255)
Province of Quebec, 5% 1dec2041, CAD (B102)
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Canada, Bond 4 1jun2041 30Y
Province of Ontario, 3.5% 2jun2043, CAD (DMTN214)
British Columbia, 2.95% 18jun2050, CAD (BCCD-39)
Alberta, 3.1% 1jun2050, CAD
Province of Quebec, 4.4% 1dec2055, CAD (B133)
Province of Ontario, 2.8% 2jun2048, CAD (DMTN231)
Canada, Bond 2.75 1dec2048 30Y
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about QLB ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
QLB’s has a Final Sustainability Grade of either A+, A, or A-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
100.00% of holdings have positive scoring
100.00%
Consensus levels
Strong
Medium
Weak
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Enterprise
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Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Solactive Canadian Long Government Bond GTR Index - CAD
Index ticker
SOLCADLG Index
Index dividend policy
GTR
Replication method
Replication model
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Enterprise
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Learn more about Trackinsight EnterpriseIssuer
Mackenzie Investments
Mackenzie Investments ID Card
Number of funds
63
Total AuM
€16.43B
Expense ratio range
0.04% - 0.9%
Average expense ratio
0.4174%
Top 5 funds by Mackenzie Investments
Frequently asked questions about QLB
What does Mackenzie Canadian Government Long Bond Index ETF, QLB, invest in?
QLB is a Passive ETF. This ETF provides exposure to Canadian Investment Grade Government Bonds.
Which benchmark or index does QLB replicate?
QLB tracks the Solactive Canadian Long Government Bond GTR Index - CAD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of QLB?
QLB carries a total expense ratio (TER) of 0.2%, indicating the annual cost for holding the fund.
When was QLB launched?
QLB was introduced to the market on November 20, 2023. It trades on Canada
Who is the ETF issuer of QLB?
Mackenzie Canadian Government Long Bond Index ETF, QLB, is provided by Mackenzie Investments. Learn more about Mackenzie Investments here.
What is the current assets under management (AUM) of QLB?
QLB oversees €50M in assets as of March 12, 2026.
How has QLB performed lately?
Based on data from March 12, 2026, QLB returned -3.38% over the past month, -0.64% over the last three months and -1.07% year-to-date.
What are the latest inflows or outflows for QLB?
As of March 12, 2026, QLB recorded net flows of +€5M over the last month and +€6.2M year-to-date.
Does QLB distribute dividends?
QLB follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 3.48%.
What are the main country or region exposures of QLB?
As of January 31, 2026, QLB has significant geographic allocations in Canada.
In which sector or theme does QLB invest in?
As of January 31, 2026, QLB focuses largely on Municipal and Sovereign.
How many securities does QLB hold and how diversified is it?
As of January 31, 2026, QLB holds 64 positions in its portfolio, with 60.39% of assets concentrated in its top 15 holdings.
What are the main positions in QLB?
As of January 31, 2026, QLB top three holdings include Canada, Bond 2 1jan2051 30Y, Canada, Bond 1.75 1dec2053 30Y and Canada, Bonds 2.75% 1dec2055, CAD.
What is the base currency of QLB?
The base currency of QLB is CAD.
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