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$0.01 | 0.05% | -0.37%

Net Assets

Feb 14, 2020

C$523,071,911

Units Outstanding

Feb 14, 2020

25,800,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Dec 31, 2019)

  • Annualized Standard Deviation

    2.200

  • Annualized Standard Deviation Benchmark

    2.840

  • Alpha

    2.630

  • Beta

    0.690

  • R2

    0.780

  • Sharpe Ratio

    1.940

Management Fee | MER

Sep 30, 2019

0.60% | 0.67%

Benchmark*

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

NAV

C$21.20 | 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 (Dec 31, 2019)

6.97%

Distribution Yield (Dec 31, 2019)

3.85%

Last Paid Distribution (Feb 11, 2020)

C$0.119

Record Date

Feb 4, 2020

Distribution Frequency

Monthly

Effective Duration (Dec 31, 2019)

0.52 years

Weighted Average Maturity (Dec 31, 2019)

5.23 years

Weighted Average YTM (Dec 31, 2019)

7.91%

Weighted Average Coupon (Dec 31, 2019)

5.15%

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.
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.

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.