Active ETFs | Mackenzie Investments

Active ETFs

Active and Evolved ETFs

Mackenzie active ETFs are agile solutions designed to enhance diversification, improve risk management and seek better risk-adjusted returns. These evolved ETFs give investors expanded, cost-effective access to fixed-income securities while putting asset management decisions in the hands of experienced and innovative portfolio managers. Our active ETFs are managed by the Mackenzie Fixed Income Team.

  • A disciplined active approach to high yield investing helps to evaluate the risk and reward potential in security selection.
  • High yield bonds and emerging market debt, historically, have provided lower correlation to traditional fixed income securities.
  • Seeks to provide steady income and long-term capital growth by searching globally for fixed income securities with a favourable risk/return profile.

A Year of Great Performance

1 year Since inception*
1.9% 3.8%
  • Core holding is made up of investment-grade Canadian fixed-income securities. The ETF may also be invested abroad, with foreign holdings hedged to protect investors against fluctuating currency values.
  • Investment team has access to asset classes that are difficult for investors to purchase, such as floating rate loans and high yield bonds which can help boost income and add diversity.
  • Managers monitor interest rates and adjust holdings to position the portfolio to help achieve the best return while maintaining a risk profile expected from a high-quality bond portfolio.
1 year Since inception*
1.6% 3.1%
  • Overall average credit quality of A- or higher with limited non-investment grade exposure.
  • Allows investors to diversify their exposure to different economic and interest rate cycles globally.
  • Actively managed ETF using quantitative and qualitative inputs to afford more comprehensive diversification.
1 year Since inception*
7.0% 7.9%
  • Unconstrained approach allows portfolio manager to select global fixed income securities/instruments across various fixed-income credit ratings, duration, structures, sectors, currencies and countries.
  • Flexibility to manage portfolio volatility arising from interest rate increases or widening credit spreads.
  • Holds securities with a low correlation to traditional fixed income products which helps improve the ETF’s risk/return profile
1 year Since inception*
10.2% 9.4%
  • Helps mitigate interest rate risk since floating rate loans are less sensitive to interest rate moves compared to traditional fixed-income instruments.
  • Potential income enhancement from floating rate loans can offer higher yields than other conventional fixed income securities. Floating rate loans rank higher in the capital structure than other forms of debt and are generally secured by company assets.
  • Floating rate loans generally have a low correlation to conventional investment-grade fixed income assets, providing diversification benefits to a portfolio.

Evolve your portfolio today

To learn more about how Active Fixed Income ETFs can help you reach your financial goals, download a copy of our brochure or call your financial advisor.

*Inception April 2016

Commissions, trailing commissions, management fees, and expenses all may be associated with investment funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns as of June 30, 2017, including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.