Asset Class Canadian Fixed Income

Why invest in this fund?

  • Designed to achieve the best return while maintaining a risk profile expected from a quality bond portfolio. 
  • Expanded investable universe creates greater yield opportunities while maintaining an overall credit quality of A- or better. 
  • Core Plus strategy is further supported by active Management and the portfolio manager’s ability to potentially outperform less flexible products. 

Key Facts

NAV Changes $ | % | YTD

C$-0.00 | -0.00% | -1.58%

Net Assets

Oct 2, 2023

C$514,835,646

Units Outstanding

Oct 2, 2023

28,850,000

Risk Tolerance

Low

Fund Risk Measures

(3 years) | (Aug 31, 2023)

  • Annualized Standard Deviation

    5.620

  • Annualized Standard Deviation Benchmark

    6.210

  • Alpha

    -0.330

  • Beta

    0.890

  • R2

    0.970

  • Sharpe Ratio

    -0.990

Management Fee | MER

Mar 31, 2023

0.40% | 0.45%

Benchmark*

FTSE CANADA UNIVERSE BOND INDEX

NAV

C$19.20 | C$17.77

Inception Date

Apr 19, 2016

Management Style

Active

Eligible for Registered Plans

Yes

CUSIP

55452R107

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

ETF Characteristics

Trailing 12 - Month Yield (Aug 31, 2023)

3.03%

Distribution Yield (Aug 31, 2023)

3.54%

Last Paid Distribution (Oct 11, 2023)

C$0.054

Record Date

Oct 3, 2023

Distribution Frequency

Monthly

Effective Duration (Aug 31, 2023)

6.33 years

Weighted Average Maturity (Aug 31, 2023)

9.64 years

Weighted Average YTM (Aug 31, 2023)

5.13%

Weighted Average Coupon (Aug 31, 2023)

3.32%

Commentary

Monthly Commentary - Mackenzie Core Plus Canadian Fixed Income ETF

Monthly Commentary - Mackenzie Core Plus Canadian Fixed Income ETF

Performance

Portfolio

Sustainability Characteristics

Maturity

Historical Data

Investment Teams

Mackenzie Fixed Income Team

The Mackenzie Fixed Income Team covers a broad range of debt securities and conducts proprietary analysis. Economic analysis helps shape the context for valuing government and corporate sectors.

ESG Metric Definition

* - The MSCI ESG Rating for funds is designed to measure the resiliency of portfolios to long-term ESG risks and opportunities. The most highly rated funds consist of issuers with leading or improving management of key ESG risks. The ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).

  1. The Weighted Average Carbon Intensity measures a fund's exposure to carbon intensive companies based on scope 1 and 2 emissions.
  2. The percentage of fund's market values exposed to companies that generate revenue from sustainable impact solutions goods and services. Additionally, sustainable impact solutions revenue from companies with negative externalities are excluded.
  3. The fund holdings weighted average of the percentage of board members who are women.
  4. The percentage of portfolio's market value exposed to companies facing one or more Very Severe controversies related to the environment, customers, human rights, labor rights and governance.
  5. The percentage of portfolio's market value exposed to companies involved in tobacco. This includes companies that derive more than 10% of revenue from tobacco.
  6. The percentage of portfolio's market value exposed to companies with ties to cluster munitions, landmines, biological / chemical weapons, depleted uranium weapons, blinding laser weapons, incendiary weapons, and/or non-detectable fragments.
  7. The percentage of portfolio's market value exposed to companies involved in gambling. This includes companies that derive more than 10% of revenue from gambling activities.
  8. The percentage of portfolio's market value exposed to companies involved in adult entertainment. This includes companies that generate more than 10% of their revenue from adult entertainment activities.

Each Fund’s ESG characteristics and performance may differ from time to time. Each Fund’s MSCI ESG rating and Morningstar Sustainability Rating does not evaluate the ESG-related investment objectives of, or any ESG strategies used by, the Funds and is not indicative of how well ESG factors are integrated by the Fund. Other providers may also prepare fund-level ESG ratings using their own methodologies, which may differ from the methodologies used by Morningstar or MSCI as applicable. Please refer to the simplified prospectus for the Funds for further information about each Fund’s investment objectives and strategies

MSCI’s ESG Fund Ratings are meant to measure environmental, social and governance (ESG) characteristics of a fund’s constituents. MSCI uses a rating system, ranging from CCC (laggard) to AAA (leader), which considers individual holding scores, ESG momentum and ESG tail risk. The rating is determined based on a weighted average of the company-level ratings of the underlying holdings of the particular fund. These ratings are updated monthly. Under MSCI’s ESG Fund Ratings methodology, a portfolio must meet an eligibility criterion of at least 65% of assets under management covered to have a public rating. See the complete methodology here.

The Morningstar Sustainability Rating is a measure of how well a portfolio, and its holdings, are performing through an ESG issues lens in comparison to its peer group. Higher number of globes indicates that portfolio has lower ESG risks. The rating is determined based on a weighted average of the company-level ratings of the underlying holdings of the particular fund. Ratings are as follows: High = 5 globes, Above Average = 4 globes, Average = 3 globes, Below Average = 2 globes, Low = 1 globe. These ratings are updated monthly. We have reported ratings as of the beginning of January. Under Morningstar’s Sustainability Rating, a portfolio must have at least 67% of assets under management covered to have a public rating. See the complete methodology here.

Weighted Average Carbon Intensity (WACI), a carbon-intensity metric, measures a fund’s exposure to carbon-intensive companies expressed in tonnes of carbon dioxide equivalent (tCO2e) per million dollars US of revenue (USDM). This metric acts as a comparable between the fund and the benchmark, utilizing MSCI’s ESG Fund Ratings methodology Scope 1 and Scope 2 greenhouse gas emissions data. Under our internal methodology, at least 65% of a portfolio’s weight must be eligible and covered in order for the metric to be reported.

Board diversity (women) is demonstrated through company filings; depicted as the percentage of women on a company’s Board of Directors. Company filing is done on an annual basis. Under our internal methodology, at least 65% of a portfolio’s weight must be eligible and covered in order for the metric to be reported.

MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

© 2023 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results