Asset Class Global Fixed Income

MFT

Mackenzie Floating Rate Income ETF

Nav: Nov 12, 2019

C$20.19

Market Price: Nov 12, 2019

C$20.11

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$0.01 | 0.06% | -2.36%

Net Assets

Nov 12, 2019

C$563,212,641

Units Outstanding

Nov 12, 2019

27,900,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Sep 30, 2019)

  • Annualized Standard Deviation

    2.140

  • Annualized Standard Deviation Benchmark

    2.760

  • Alpha

    2.950

  • Beta

    0.690

  • R2

    0.780

  • Sharpe Ratio

    2.230

Management Fee | MER

Mar 31, 2019

0.60% | 0.69%

Benchmark*

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

NAV

C$21.30 | C$20.14

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 (Sep 30, 2019)

6.46%

Distribution Yield (Sep 30, 2019)

7.10%

Last Paid Distribution (Nov 11, 2019)

C$0.133

Record Date

Nov 4, 2019

Distribution Frequency

Monthly

Effective Duration (Sep 30, 2019)

0.25 years

Weighted Average Maturity (Sep 30, 2019)

5.28 years

Weighted Average YTM (Sep 30, 2019)

8.38%

Weighted Average Coupon (Sep 30, 2019)

5.22%

Commentary

Monthly Commentary – Mackenzie Floating Rate Income ETF (MFT)

Monthly exchange traded fund (ETF) commentaries provide insight into an ETF’s recent performance and future outlook.

July 05, 2019
View PDF
More

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.