Asset Class Global Fixed Income

MFT

Mackenzie Floating Rate Income ETF

Why invest in this fund?

  • Higher income potential as floating rate loans are generally below investment grade and yields often exceed conventional fixed income instruments. 
  • Mitigates interest rate risk and tends to be less sensitive to interest rate fluctuations compared to fixed-rate bonds. 
  • Improves diversification as floating rate loans generally have a low correlation to conventional investment grade fixed income assets.

Key Facts

NAV Changes $ | % | YTD

C$-0.03 | -0.12% | -2.48%

Net Assets

Nov 13, 2019

C$559,489,526

Units Outstanding

Nov 13, 2019

27,750,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Oct 31, 2019)

  • Annualized Standard Deviation

    2.200

  • Annualized Standard Deviation Benchmark

    2.780

  • Alpha

    2.740

  • Beta

    0.700

  • R2

    0.780

  • Sharpe Ratio

    1.940

Management Fee | MER

Mar 31, 2019

0.60% | 0.69%

Benchmark*

S&P/LSTA Leveraged Loan (Hedged to CAD) Index

NAV

C$21.28 | C$20.14

Inception Date

Apr 19, 2016

Management Style

Active

Eligible for Registered Plans

Yes

CUSIP

55453X103

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

ETF Characteristics

Trailing 12 - Month Yield (Oct 31, 2019)

6.60%

Distribution Yield (Oct 31, 2019)

7.18%

Last Paid Distribution (Nov 11, 2019)

C$0.133

Record Date

Nov 4, 2019

Distribution Frequency

Monthly

Effective Duration (Oct 31, 2019)

0.50 years

Weighted Average Maturity (Oct 31, 2019)

5.26 years

Weighted Average YTM (Oct 31, 2019)

8.45%

Weighted Average Coupon (Oct 31, 2019)

5.32%

Commentary

Monthly Commentary – Mackenzie Floating Rate Income ETF (MFT)

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

he 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.