Asset Class Global Fixed Income

MFT

Mackenzie Floating Rate Income ETF

Nav: May 27, 2020

C$17.84

Market Price: May 27, 2020

C$17.79

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 low correlation to conventional investment grade fixed income assets.

Key Facts

NAV Changes $ | % | YTD

C$0.04 | 0.24% | -9.83%

Net Assets

May 27, 2020

C$363,866,416

Units Outstanding

May 27, 2020

20,400,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Apr 30, 2020)

  • Annualized Standard Deviation

    7.850

  • Annualized Standard Deviation Benchmark

    8.690

  • Alpha

    0.500

  • Beta

    0.890

  • R2

    0.970

  • Sharpe Ratio

    -0.150

Management Fee | MER

Sep 30, 2019

0.60% | 0.67%

Benchmark*

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

NAV

C$21.07 | C$16.91

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 (Apr 30, 2020)

8.08%

Distribution Yield (Apr 30, 2020)

8.09%

Last Paid Distribution (May 11, 2020)

C$0.156

Record Date

May 4, 2020

Distribution Frequency

Monthly

Effective Duration (Apr 30, 2020)

0.37 years

Weighted Average Maturity (Apr 30, 2020)

5.81 years

Weighted Average YTM (Apr 30, 2020)

8.17%

Weighted Average Coupon (Apr 30, 2020)

4.84%

Commentary

Commentary

Quarterly Commentaries

Read the latest Mackenzie Team commentaries to learn about their analysis of key market risks and opportunities. For select funds, quarterly reviews of performance and market conditions are also available.
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Commentary

Monthly Commentaries

Mackenzie Investments publishes regular commentaries to help advisors make sense of the markets, review the recent performances of funds and anticipate future outlooks. Read the latest monthly commentaries for more information.
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Performance

Portfolio

Maturity

Historical Data

Resources

Fund Materials

Regulatory Documents

Investment Teams

Mackenzie Fixed Income Team

he 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.