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 | -0.07% | -7.25%

Net Assets

Jul 8, 2020

C$418,047,358

Units Outstanding

Jul 8, 2020

22,950,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (May 31, 2020)

  • Annualized Standard Deviation

    7.940

  • Annualized Standard Deviation Benchmark

    8.960

  • Alpha

    0.020

  • Beta

    0.870

  • R2

    0.960

  • Sharpe Ratio

    -0.080

Management Fee | MER

Sep 30, 2019

0.60% | 0.67%

Benchmark*

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

NAV

C$20.94 | C$16.91

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 (May 31, 2020)

8.02%

Distribution Yield (May 31, 2020)

10.44%

Last Paid Distribution (Jun 9, 2020)

C$0.130

Record Date

Jun 2, 2020

Distribution Frequency

Monthly

Effective Duration (May 31, 2020)

0.38 years

Weighted Average Maturity (May 31, 2020)

6.02 years

Weighted Average YTM (May 31, 2020)

7.26%

Weighted Average Coupon (May 31, 2020)

4.89%

Commentary

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.