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About Mackenzie Target 2027 North American IG Corporate Bond ETF Trust Units
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Inception date
May 1, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Mackenzie Financial Corp.
ISIN
CA5545541057
The fund is a held-to-maturity portfolio designed to provide income and capital appreciation by primarily investing in corporate bonds with effective maturities in 2027. It includes USD and CAD-denominated bonds rated BBB- or higher. The portfolio selection process uses proprietary and quantitative models to evaluate companies, governments, and issuers. It seeks to diversify the portfolio by industry sector, issuer size, and credit rating. Furthermore, the portfolio selection adopts an ESG-integrated approach, considering factors such as greenhouse gas emissions, sustainable land usage, diversity and inclusion, labour relations, health and safety, board independence, and ownership structure. The maturity date of the fund will be on or about November 30, 2027. Upon maturity, it will dissolve and return all capital to investors.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MTBA trades at 20.18 CAD today, its price has risen 0.15% in the past 24 hours. Track more dynamics on MTBA price chart.
MTBA net asset value is 20.15 today — it's risen 0.10% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MTBA assets under management is 5.03 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MTBA fund flows account for 0.00 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MTBA invests in bonds. See more details in our Analysis section.
No, MTBA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, MTBA pays dividends to its holders with the dividend yield of 2.61%.
MTBA trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MTBA shares are issued by Power Corp. of Canada
MTBA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 1, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.