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About Mackenzie Canadian Short Term Fixed Income ETF
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Inception date
Nov 22, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Mackenzie Financial Corp.
ISIN
CA55452Q1090
The fund is an actively managed fund that seeks to invest primarily in fixed income securities issued in Canada by government and corporate entities. This fund may invest up to 15% in high yield securities, as long as the overall credit rating of the portfolio remains at A- or higher, and also invest up to 30% of the fund in foreign investment. MCSB aims to maintain a minimum allocation of 30% in government issued debt securities. To limit price volatility, the advisor limits the weighted average term to maturity of the investments to five years or less. For high-quality bonds, an analysis of macroeconomic factors, such as economic growth, inflation and monetary and fiscal policy, is done in order to position the maturity and credit quality of the portfolio for different stages in the business cycle. Lower credit quality securities are analyzed using a bottom-up approach to determine their valuations.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Government
Bonds, Cash & Other100.00%
Corporate66.89%
Government31.56%
Cash1.00%
ETF0.51%
Futures0.02%
Rights & Warrants0.01%
Miscellaneous0.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MCSB invests in bonds. The fund's major sectors are Corporate, with 66.89% stocks, and Government, with 31.56% of the basket. The assets are mostly located in the North America region.
MCSB top holdings are Province of Quebec 2.3% 01-SEP-2029 and Canada Treasury Bonds 3.25% 01-SEP-2028, occupying 8.08% and 4.38% of the portfolio correspondingly.
MCSB last dividends amounted to 0.05 CAD. The month before, the issuer paid 0.05 CAD in dividends,
MCSB assets under management is 36.88 M CAD. It's risen 2.92% over the last month.
MCSB fund flows account for 15.88 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MCSB pays dividends to its holders with the dividend yield of 3.08%. The last dividend (Sep 9, 2025) amounted to 0.05 CAD. The dividends are paid monthly.
MCSB shares are issued by Power Financial Corp. under the brand Mackenzie. The ETF was launched on Nov 22, 2017, and its management style is Active.
MCSB expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
MCSB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MCSB invests in bonds.
MCSB price has risen by 0.35% over the last month, and its yearly performance shows a 1.99% increase. See more dynamics on MCSB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.22% over the last month, showed a 0.59% increase in three-month performance and has increased by 3.32% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.22% over the last month, showed a 0.59% increase in three-month performance and has increased by 3.32% in a year.
MCSB trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.