Asset Class High Yield Fixed Income

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$-0.01 | -0.06% | 4.44%

Net Assets

Sep 25, 2020

C$778,898,960

Units Outstanding

Sep 25, 2020

37,200,000

Risk Tolerance

Low

Fund Risk Measures

(3 years) | (Aug 31, 2020)

  • Annualized Standard Deviation

    2.610

  • Annualized Standard Deviation Benchmark

    0.210

  • Alpha

    2.870

  • Beta

    -7.070

  • R2

    0.320

  • Sharpe Ratio

    1.100

Management Fee | MER

Mar 31, 2020

0.50% | 0.55%

Benchmark*

FTSE CANADA 91 DAY T-BILL INDEX

NAV

C$21.08 | 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 (Aug 31, 2020)

3.52%

Distribution Yield (Aug 31, 2020)

2.93%

Last Paid Distribution (Sep 10, 2020)

C$0.051

Record Date

Sep 2, 2020

Distribution Frequency

Monthly

Effective Duration (Aug 31, 2020)

5.17 years

Weighted Average Maturity (Aug 31, 2020)

5.52 years

Weighted Average YTM (Aug 31, 2020)

2.96%

Weighted Average Coupon (Aug 31, 2020)

3.66%

Commentary

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

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.