Asset Class High Yield Fixed Income

MUB

Mackenzie Unconstrained Bond ETF

Nav: May 29, 2020

C$20.67

Market Price: Jun 1, 2020

C$20.74

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$0.03 | 0.13% | 1.96%

Net Assets

May 29, 2020

C$632,584,705

Units Outstanding

May 29, 2020

30,600,000

Risk Tolerance

Low

Fund Risk Measures

(3 years) | (Apr 30, 2020)

  • Annualized Standard Deviation

    2.500

  • Annualized Standard Deviation Benchmark

    0.200

  • Alpha

    1.820

  • Beta

    -5.100

  • R2

    0.170

  • Sharpe Ratio

    0.700

Management Fee | MER

Sep 30, 2019

0.50% | 0.55%

Benchmark*

FTSE CANADA 91 DAY T-BILL INDEX

NAV

C$20.95 | C$19.87

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 (Apr 30, 2020)

3.78%

Distribution Yield (Apr 30, 2020)

3.73%

Last Paid Distribution (Jun 9, 2020)

C$0.071

Record Date

Jun 2, 2020

Distribution Frequency

Monthly

Effective Duration (Apr 30, 2020)

5.11 years

Weighted Average Maturity (Apr 30, 2020)

5.95 years

Weighted Average YTM (Apr 30, 2020)

4.34%

Weighted Average Coupon (Apr 30, 2020)

3.62%

Commentary

Commentary

Quarterly Commentaries

Read the latest Mackenzie Team commentaries to learn about their analysis of key market risks and opportunities. For select funds, quarterly reviews of performance and market conditions are also available.
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Commentary

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.
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Monthly Commentary – Mackenzie Unconstrained Bond ETF (MUB)

Monthly exchange traded fund (ETF) commentaries provide insight into an ETF’s recent performance and future outlook.

July 05, 2019
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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.