Asset Class High Yield Fixed Income

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$-0.00 | -0.02% | -1.06%

Net Assets

May 11, 2021

C$1,078,291,050

Units Outstanding

May 11, 2021

52,200,000

Risk Tolerance

Low

Fund Risk Measures

(3 years) | (Mar 31, 2021)

  • Annualized Standard Deviation

    2.800

  • Annualized Standard Deviation Benchmark

    0.250

  • Alpha

    2.330

  • Beta

    -4.260

  • R2

    0.140

  • Sharpe Ratio

    0.830

Management Fee | MER

Mar 31, 2020

0.50% | 0.55%

Benchmark*

FTSE CANADA 91 DAY T-BILL INDEX

NAV

C$21.19 | C$20.53

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 (Mar 31, 2021)

3.39%

Distribution Yield (Mar 31, 2021)

3.32%

Last Paid Distribution (May 11, 2021)

C$0.056

Record Date

May 4, 2021

Distribution Frequency

Monthly

Effective Duration (Mar 31, 2021)

3.11 years

Weighted Average Maturity (Mar 31, 2021)

4.51 years

Weighted Average YTM (Mar 31, 2021)

3.36%

Weighted Average Coupon (Mar 31, 2021)

4.02%

Commentary

Performance

Portfolio

Maturity

Historical Data

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.