Asset Class High Yield Fixed Income

MUB

Mackenzie Unconstrained Bond ETF

NAV:

C$18.26

Updated: Dec 2, 2022

MARKET PRICE:

C$18.24

Updated: Dec 2, 2022

NAV:

C$18.26

Updated: Dec 2, 2022

MARKET PRICE:

C$18.24

Updated: Dec 2, 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$0.10 | 0.54% | -6.20%

Net Assets

Dec 2, 2022

C$817,158,578

Units Outstanding

Dec 2, 2022

44,750,000

Risk Tolerance

Low

Fund Risk Measures

(3 years) | (Oct 31, 2022)

  • Annualized Standard Deviation

    4.070

  • Annualized Standard Deviation Benchmark

    0.320

  • Alpha

    -2.050

  • Beta

    -3.370

  • R2

    0.070

  • Sharpe Ratio

    -0.500

Management Fee | MER

Mar 31, 2022

0.50% | 0.56%

Benchmark*

FTSE CANADA 91 DAY T-BILL INDEX

NAV

C$20.42 | 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 (Oct 31, 2022)

4.43%

Distribution Yield (Oct 31, 2022)

5.76%

Last Paid Distribution (Dec 9, 2022)

C$0.095

Record Date

Dec 2, 2022

Distribution Frequency

Monthly

Effective Duration (Oct 31, 2022)

3.27 years

Weighted Average Maturity (Oct 31, 2022)

12.30 years

Weighted Average YTM (Oct 31, 2022)

7.07%

Weighted Average Coupon (Oct 31, 2022)

4.39%

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.