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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 56 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 6/30/2026, 1:30 PM UTC
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This fund is part ofInternational Sovereign Bonds1M perf.-0.86%
Last price
$98.24
1M perf.
+0.51%
1M flows
+€2.5M
AuM
€41M
TER
0.2%
Rating
Not rated
QLB
$98.24
Performance & flows
Segment for quartile rank
March 30, 2026 → June 29, 2026
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QLB
$100.10
+3.89%
International Sovereign Bonds
+1.83%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.51%  | +3.89% | +2.24% | N/A | N/A | +0.51% | +3.53% | +3.42% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
55455N103
ISIN
CA55455N1033
AuM
€41M
TER
0.2%
Replication rating
Not rated
More details
NAV
6/29/2026
$100.10
1D NAV change
+0.46%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
56
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
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
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +3.89% | +2.24% | 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
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Canada
96.63%
Unavailable
3.37%
Sectors
Municipal
63.39%
Sovereign
33.23%
Unavailable
3.37%
Diversification
Total weight of top 15 holdings out of 56
Top 15 holdings
Data as of May 31, 2026
Canada, Bond 2 1jan2051 30Y
Canada, Bonds 2.75% 1dec2055, CAD
Canada, Bond 1.75 1dec2053 30Y
Canada, Bond 2.75 1dec2048 30Y
Province of Quebec, 3.5% 1dec2048, CAD (B117)
Province of Quebec, 4.4% 1dec2055, CAD (B133)
Province of Quebec, 5% 1dec2041, CAD (B102)
Canada, Bonds 3.5% 1dec2057, CAD
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Province of Ontario, 2.9% 2jun2049, CAD (DMTN236)
Province of Ontario, 3.75% 2dec2053, CAD (DMTN255)
Province of Ontario, 4.65% 2jun2041, CAD (DMTN204)
Alberta, 3.1% 1jun2050, CAD
Province of Ontario, 3.5% 2jun2043, CAD (DMTN214)
Province of Ontario, 4.6% 2dec2055, CAD (DMTN265)
Province of Ontario, 2.9% 2dec2046, CAD (DMTN228)
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Not rated
1-year trailing difference
As of June 29, 2026
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QLB
N/A
Replication quality
Calculated over 12m, as of June 29, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Mackenzie Investments
Mackenzie Investments ID Card
Number of funds
63
Total AuM
€18.42B
Expense ratio range
0.04% - 0.89%
Average expense ratio
0.4158%
Top 5 funds by Mackenzie Investments
| AuM | ||
|---|---|---|
QUU | Mackenzie US Large Cap Equity Index ETF | €3.86B |
QCN | Mackenzie Canadian Equity Index ETF | €3.45B |
QDX | Mackenzie International Equity Index ETF | €1.06B |
MIQE | Mackenzie GQE International Equity ETF | €1.02B |
QBB | Mackenzie Canadian Aggregate Bond Index ETF | €885M |
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 €41M in assets as of June 29, 2026.
How has QLB performed lately?
Based on data from June 29, 2026, QLB returned 0.51% over the past month, 3.89% over the last three months and 3.42% year-to-date.
What are the latest inflows or outflows for QLB?
As of June 29, 2026, QLB recorded net flows of +€2.4M over the last month and -€3.4M year-to-date.
Does QLB distribute dividends?
QLB follows a distributing dividend policy, meaning it pays out income to investors. As of June 29, 2026, its 12-month trailing yield was 3.37%.
What are the main country or region exposures of QLB?
As of May 31, 2026, QLB has significant geographic allocations in Canada.
In which sector or theme does QLB invest in?
As of May 31, 2026, QLB focuses largely on Municipal and Sovereign.
How many securities does QLB hold and how diversified is it?
As of May 31, 2026, QLB holds 56 positions in its portfolio, with 60.33% of assets concentrated in its top 15 holdings.
What are the main positions in QLB?
As of May 31, 2026, QLB top three holdings include Canada, Bond 2 1jan2051 30Y, Canada, Bonds 2.75% 1dec2055, CAD and Canada, Bond 1.75 1dec2053 30Y.
What is the base currency of QLB?
The base currency of QLB is CAD.
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