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MFT: Floating rate loans

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

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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: Oct 15, 2021

C$19.24

Market Price: Oct 15, 2021

C$19.29

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 | 0.02% | 4.67%

Net Assets

Oct 15, 2021

C$1,018,555,863

Units Outstanding

Oct 15, 2021

52,950,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Aug 31, 2021)

  • Annualized Standard Deviation

    8.170

  • Annualized Standard Deviation Benchmark

    9.170

  • Alpha

    -0.670

  • Beta

    0.870

  • R2

    0.960

  • Sharpe Ratio

    0.160

Management Fee | MER

Mar 31, 2021

0.60% | 0.67%

Benchmark*

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

NAV

C$19.32 | C$18.54

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 (Aug 31, 2021)

4.00%

Distribution Yield (Aug 31, 2021)

3.61%

Last Paid Distribution (Oct 12, 2021)

C$0.058

Record Date

Oct 4, 2021

Distribution Frequency

Monthly

Effective Duration (Aug 31, 2021)

0.17 years

Weighted Average Maturity (Aug 31, 2021)

5.72 years

Weighted Average YTM (Aug 31, 2021)

5.32%

Weighted Average Coupon (Aug 31, 2021)

4.88%

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.