Asset Class Global Fixed Income

MFT

Mackenzie Floating Rate Income ETF

Nav: May 10, 2021

C$19.10

Market Price: May 10, 2021

C$19.16

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$-0.00 | -0.01% | 2.32%

Net Assets

May 10, 2021

C$699,189,638

Units Outstanding

May 10, 2021

36,600,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Mar 31, 2021)

  • Annualized Standard Deviation

    8.170

  • Annualized Standard Deviation Benchmark

    9.170

  • Alpha

    -0.510

  • Beta

    0.870

  • R2

    0.960

  • Sharpe Ratio

    0.140

Management Fee | MER

Mar 31, 2020

0.60% | 0.67%

Benchmark*

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

NAV

C$19.20 | C$17.70

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 (Mar 31, 2021)

5.57%

Distribution Yield (Mar 31, 2021)

4.16%

Last Paid Distribution (May 11, 2021)

C$0.064

Record Date

May 4, 2021

Distribution Frequency

Monthly

Effective Duration (Mar 31, 2021)

0.19 years

Weighted Average Maturity (Mar 31, 2021)

5.33 years

Weighted Average YTM (Mar 31, 2021)

5.05%

Weighted Average Coupon (Mar 31, 2021)

4.93%

Commentary

Insights

Fund feature page

Learn how this Fund can be a valuable component for the construction of your clients’ portfolios.

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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

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.