Canadian-made floating rate ETF

Protect against inflation with our competitively priced MFT ETF.

Learn more about the fund

MFT: Floating rate loans

Portfolio Manager Movin Mokbel explains how loans offer the potential to deliver across market cycles.

Read now

QTIP: Inflation protection

TIPS are indexed to inflation to protect investors from potential declines in their money’s purchasing power.

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Asset Class Global Fixed Income

MFT

Mackenzie Floating Rate Income ETF

NAV:

C$17.37

Updated: Mar 21, 2023

MARKET PRICE:

C$17.30

Updated: Mar 21, 2023

NAV:

C$17.37

Updated: Mar 21, 2023

MARKET PRICE:

C$17.30

Updated: Mar 21, 2023

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$0.02 | 0.13% | 2.89%

Net Assets

Mar 21, 2023

C$685,338,844

Units Outstanding

Mar 21, 2023

39,450,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Jan 31, 2023)

  • Annualized Standard Deviation

    8.590

  • Annualized Standard Deviation Benchmark

    9.400

  • Alpha

    -2.180

  • Beta

    0.900

  • R2

    0.960

  • Sharpe Ratio

    -0.070

Management Fee | MER

Sep 30, 2022

0.60% | 0.67%

Benchmark*

Morningstar LSTA Leveraged Loan (Hedged to CAD)

NAV

C$18.89 | C$17.09

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 (Jan 31, 2023)

6.06%

Distribution Yield (Jan 31, 2023)

11.09%

Last Paid Distribution (Mar 9, 2023)

C$0.109

Record Date

Mar 2, 2023

Distribution Frequency

Monthly

Effective Duration (Jan 31, 2023)

0.61 years

Weighted Average Maturity (Jan 31, 2023)

5.14 years

Weighted Average YTM (Jan 31, 2023)

11.50%

Weighted Average Coupon (Jan 31, 2023)

8.62%

Commentary

Monthly Commentary - Mackenzie Floating Rate Income ETF

Performance

Portfolio

Sustainability Characteristics

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.