MUB
Mackenzie Unconstrained Bond ETF
Why invest in this fund?
- Helps improve a portfolio’s risk/return profile as credit-related securities tend to have a low correlation to traditional fixed income securities.
- Its unconstrained approach mitigates credit cycle risk by adjusting to changing market conditions and optimizing holdings.
- Minimizes volatility from interest rates or widening credit spreads by tactically adjusting the underlying holdings in the portfolio.
Key Facts
NAV Changes $ | % | YTD
C$-0.04 | -0.22% | -6.98%
Net Assets
Aug 17, 2022
C$843,384,040
Units Outstanding
Aug 17, 2022
45,650,000
Risk Tolerance
Low
Fund Risk Measures
(3 years) | (Jun 30, 2022)
-
Annualized Standard Deviation
3.730
-
Annualized Standard Deviation Benchmark
0.270
-
Alpha
-1.570
-
Beta
-2.600
-
R2
0.040
-
Sharpe Ratio
-0.420
Management Fee | MER
Mar 31, 2022
0.50% | 0.56%
Benchmark*
FTSE CANADA 91 DAY T-BILL INDEX
NAV
C$20.69
| C$18.05
Inception Date
Apr 19, 2016
Management Style
Active
Eligible for Registered Plans
Yes
CUSIP
55454N104
Exchange
Toronto Stock Exchange
Investment Programs
DRIP
ETF Characteristics
Trailing 12 - Month Yield (Jun 30, 2022)
3.91%
Distribution Yield (Jun 30, 2022)
3.60%
Last Paid Distribution (Aug 10, 2022)
C$0.085
Record Date
Aug 3, 2022
Distribution Frequency
Monthly
Effective Duration (Jun 30, 2022)
2.14 years
Weighted Average Maturity (Jun 30, 2022)
11.43 years
Weighted Average YTM (Jun 30, 2022)
6.20%
Weighted Average Coupon (Jun 30, 2022)
4.37%
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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Fixed Income Investing with Active ETFs - Brochure pdf 412KB
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ETF strategy brochure - Invest across the ETF spectrum pdf 1287KB
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ETF Fact Sheet – Mackenzie Unconstrained Bond ETF (MUB) pdf 478KB
Regulatory Documents
= Login required for access
- Fund Facts
- Prospectus & Annual Information Form
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Quarterly Portfolio Disclosure – 1st Quarter – Mackenzie Unconstrained Bond ETF pdf 151KB
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MRFP – Annual – Mackenzie Unconstrained Bond ETF pdf 176KB
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PFIC Annual Information Statement 2021 - Mackenzie Unconstrained Bond ETF pdf 197KB
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Financial Statements – Annual – Mackenzie Unconstrained Bond ETF pdf 589KB
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Quarterly Portfolio Disclosure – 3rd Quarter – Mackenzie Unconstrained Bond ETF pdf 109KB
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MRFP – Semi-annual – Mackenzie Unconstrained Bond ETF pdf 275KB
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Financial Statements – Semi-annual – Mackenzie Unconstrained Bond ETF pdf 627KB
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.