Asset Class Global Fixed Income

MUB

Mackenzie Unconstrained Bond ETF

NAV:

C$18.23

Updated: Mar 21, 2023

MARKET PRICE:

C$18.38

Updated: Mar 21, 2023

NAV:

C$18.23

Updated: Mar 21, 2023

MARKET PRICE:

C$18.38

Updated: Mar 21, 2023

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$0.02 | 0.09% | 1.93%

Net Assets

Mar 21, 2023

C$895,849,112

Units Outstanding

Mar 21, 2023

49,150,000

Risk Tolerance

Low

Fund Risk Measures

(3 years) | (Jan 31, 2023)

  • Annualized Standard Deviation

    4.600

  • Annualized Standard Deviation Benchmark

    0.420

  • Alpha

    -0.960

  • Beta

    1.090

  • R2

    0.010

  • Sharpe Ratio

    -0.210

Management Fee | MER

Sep 30, 2022

0.50% | 0.56%

Benchmark*

FTSE CANADA 91 DAY T-BILL INDEX

NAV

C$19.35 | C$17.52

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 (Jan 31, 2023)

4.83%

Distribution Yield (Jan 31, 2023)

5.81%

Last Paid Distribution (Mar 9, 2023)

C$0.057

Record Date

Mar 2, 2023

Distribution Frequency

Monthly

Effective Duration (Jan 31, 2023)

3.14 years

Weighted Average Maturity (Jan 31, 2023)

12.18 years

Weighted Average YTM (Jan 31, 2023)

6.36%

Weighted Average Coupon (Jan 31, 2023)

4.39%

Commentary

Monthly Commentary - Mackenzie Unconstrained Bond ETF

Monthly Commentary - Mackenzie Unconstrained Bond 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.