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$0.02 | 0.08% | -1.73%

Net Assets

Dec 13, 2019

C$539,385,005

Units Outstanding

Dec 13, 2019

26,550,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Nov 30, 2019)

  • Annualized Standard Deviation

    5.430

  • Annualized Standard Deviation Benchmark

    3.440

  • Alpha

    1.950

  • Beta

    2.690

  • R2

    0.690

  • Sharpe Ratio

    2.200

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 (Nov 30, 2019)

0.01%

Distribution Yield (Nov 30, 2019)

7.92%

Last Paid Distribution (Dec 10, 2019)

C$0.065

Record Date

Dec 3, 2019

Distribution Frequency

Monthly

Effective Duration (Nov 30, 2019)

0.54 years

Weighted Average Maturity (Nov 30, 2019)

5.26 years

Weighted Average YTM (Nov 30, 2019)

8.34%

Weighted Average Coupon (Nov 30, 2019)

5.25%

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.

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.