Key stats
About MACKENZIE FINANCIAL CORP UNCONSTRAINED BD ETF CAD UNIT
Expense ratio
0.56%
Home page
Inception date
Apr 19, 2016
ISIN
CA55454N1042
The fund is actively managed and seeks to provide global exposure using a wide variety of fixed income securities issued by government and corporate entities. Besides the usual fixed income securities, asset-backed securities, preferred shares, and floating rate debt securities may also be eligible for inclusion. The fund can also invest in both investment-grade and high-yield segments. MUB targets positive returns over a market cycle and is not managed against a specific broad market index. It aims to achieve this by using a credit-driven, value investment style to select securities across various fixed-income credit ratings, duration, structures, sectors, currencies, and countries. Derivative instruments may be used to reduce overall volatility with a focus on mitigating downside risk.
Classification
What's in the fund
Exposure type
Corporate
Government
Stocks2.04%
Finance1.05%
Utilities0.49%
Energy Minerals0.16%
Communications0.15%
Non-Energy Minerals0.09%
Retail Trade0.08%
Industrial Services0.01%
Process Industries0.01%
Commercial Services0.00%
Bonds, Cash & Other97.96%
Corporate61.37%
Government22.53%
ETF6.12%
Cash4.86%
Miscellaneous1.71%
Loans1.38%
Rights & Warrants0.05%
Securitized0.03%
Futures−0.09%