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$0.02 | 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
Performance
Portfolio
Sustainability Characteristics
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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Mackenzie ETFs - Made for Canadians by Canadians pdf 727KB
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Fund Profile - Mackenzie Unconstrained Bond ETF pdf 509KB
Regulatory Documents
= Login required for access
- Fund Facts
- Prospectus & Annual Information Form
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MRFP – Annual – Mackenzie Unconstrained Bond ETF pdf 176KB
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Financial Statements – Annual – Mackenzie Unconstrained Bond ETF pdf 589KB
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Quarterly Portfolio Disclosure – 1st Quarter – Mackenzie Unconstrained Bond ETF pdf 109KB
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PFIC Annual Information Statement 2021 - Mackenzie Unconstrained Bond ETF pdf 197KB
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Financial Statements – Semi-annual – Mackenzie Unconstrained Bond ETF pdf 1349KB
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MRFP – Semi-annual – Mackenzie Unconstrained Bond ETF pdf 160KB
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Quarterly Portfolio Disclosure – 3rd Quarter – Mackenzie Unconstrained Bond ETF pdf 98KB
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.