MFT
Mackenzie Floating Rate Income ETF
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$-0.06 | -0.32% | 1.45%
Net Assets
Mar 1, 2021
C$536,801,742
Units Outstanding
Mar 1, 2021
28,050,000
Risk Tolerance
Low-Med
Fund Risk Measures
(3 years) | (Jan 31, 2021)
-
Annualized Standard Deviation
8.180
-
Annualized Standard Deviation Benchmark
9.160
-
Alpha
-0.200
-
Beta
0.870
-
R2
0.960
-
Sharpe Ratio
0.170
Management Fee | MER
Mar 31, 2020
0.60% | 0.67%
Benchmark*
S&P/LSTA Leveraged Loan (Hedged to CAD) Index
NAV
C$19.88
| 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 (Jan 31, 2021)
6.12%
Distribution Yield (Jan 31, 2021)
0.78%
Last Paid Distribution (Mar 9, 2021)
C$0.066
Record Date
Mar 2, 2021
Distribution Frequency
Monthly
Effective Duration (Jan 31, 2021)
0.18 years
Weighted Average Maturity (Jan 31, 2021)
5.10 years
Weighted Average YTM (Jan 31, 2021)
5.36%
Weighted Average Coupon (Jan 31, 2021)
4.96%
Commentary
Performance
Portfolio
Maturity
Historical Data
Resources
Fund Materials
= Login required for access
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The Looming Pension Crisis Part IV - U.S. Public Pension Plans COVID-19 Update pdf 424KB
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ETF strategy brochure - Invest across the ETF spectrum pdf 384KB
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Fund Profile – Mackenzie Floating Rate Income ETF (MFT) pdf 473KB
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Fixed Income Investing with Active ETFs - Brochure pdf 404KB
Regulatory Documents
= Login required for access
- Fund Facts
- Prospectus & Annual Information Form
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PFIC Annual Information Statement 2019 - Mackenzie Floating Rate Income ETF pdf 103KB
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MRFP – Annual – Mackenzie Floating Rate Income ETF pdf 193KB
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Financial Statements – Annual – Mackenzie Floating Rate Income ETF pdf 1098KB
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MRFP – Semi-annual – Mackenzie Floating Rate Income ETF pdf 164KB
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Quarterly Portfolio Disclosure – 1st Quarter – Mackenzie Floating Rate Income ETF pdf 105KB
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Financial Statements – Semi-annual – Mackenzie Floating Rate Income ETF pdf 1039KB
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Quarterly Portfolio Disclosure – 3rd Quarter – Mackenzie Floating Rate Income ETF pdf 89KB
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.
Fund feature page
Learn how this Fund can be a valuable component for the construction of your clients’ portfolios.
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.