Key stats
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.
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
Bonds, Cash & Other100.00%
Corporate97.75%
Cash2.25%
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
MTBA last dividends amounted to 0.04 CAD. The month before, the issuer paid 0.04 CAD in dividends, which shows a 0.70% increase.
MTBA assets under management is 5.04 M CAD. It's risen 0.27% over the last month.
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.
Yes, MTBA pays dividends to its holders with the dividend yield of 2.62%. The last dividend (Sep 9, 2025) amounted to 0.04 CAD. The dividends are paid monthly.
MTBA shares are issued by Power Corp. of Canada under the brand Mackenzie. The ETF was launched on May 1, 2025, and its management style is Active.
MTBA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MTBA invests in bonds.
MTBA trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.