Asset Class Global Fixed Income

MFT

Mackenzie Floating Rate Income ETF

Nav: Jul 29, 2021

C$19.20

Market Price: Jul 29, 2021

C$19.22

Why invest in this fund?

  • Higher income potential as floating rate loans are generally below investment grade and yields often exceed conventional fixed income instruments
  • Mitigates interest rate risk and tends to be less sensitive to interest rate fluctuations compared to fixed-rate bonds
  • Improves diversification as floating rate loans generally have a lower correlation to conventional investment grade fixed income assets

Key Facts

NAV Changes $ | % | YTD

C$-0.01 | -0.07% | 3.53%

Net Assets

Jul 29, 2021

C$879,379,258

Units Outstanding

Jul 29, 2021

45,800,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Jun 30, 2021)

  • Annualized Standard Deviation

    8.170

  • Annualized Standard Deviation Benchmark

    9.170

  • Alpha

    -0.820

  • Beta

    0.870

  • R2

    0.960

  • Sharpe Ratio

    0.150

Management Fee | MER

Mar 31, 2021

0.60% | 0.67%

Benchmark*

S&P/LSTA Leveraged Loan (Hedged to CAD) Index

NAV

C$19.25 | C$18.38

Inception Date

Apr 19, 2016

Management Style

Active

Eligible for Registered Plans

Yes

CUSIP

55453X103

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

ETF Characteristics

Trailing 12 - Month Yield (Jun 30, 2021)

4.45%

Distribution Yield (Jun 30, 2021)

4.01%

Last Paid Distribution (Aug 11, 2021)

C$0.058

Record Date

Aug 4, 2021

Distribution Frequency

Monthly

Effective Duration (Jun 30, 2021)

0.17 years

Weighted Average Maturity (Jun 30, 2021)

0.17 years

Weighted Average YTM (Jun 30, 2021)

5.03%

Weighted Average Coupon (Jun 30, 2021)

5.01%

Commentary

Monthly Commentary - Mackenzie Floating Rate Income ETF

Performance

Portfolio

Maturity

Historical Data

Resources

Fund Materials

Regulatory Documents

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.