Asset Class High Yield Fixed Income

MUB

Mackenzie Unconstrained Bond ETF

NAV:

C$18.48

Updated: Aug 17, 2022

MARKET PRICE:

C$18.44

Updated: Aug 17, 2022

NAV:

C$18.48

Updated: Aug 17, 2022

MARKET PRICE:

C$18.44

Updated: Aug 17, 2022

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

Monthly Commentary - Mackenzie Unconstrained Bond ETF

Monthly Commentary - Mackenzie Unconstrained Bond 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.