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About Mackenzie Unconstrained Bond ETF
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Inception date
Apr 19, 2016
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Primary advisor
Mackenzie Financial Corp.
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
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
Stocks0.01%
Industrial Services0.01%
Bonds, Cash & Other99.99%
Corporate63.01%
Government19.46%
ETF7.96%
Cash7.75%
Loans1.31%
Miscellaneous0.39%
Rights & Warrants0.08%
Futures0.04%
Stock breakdown by region
North America90.31%
Europe4.33%
Latin America2.46%
Asia1.61%
Oceania1.28%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MUB invests in bonds. The fund's major sectors are Corporate, with 63.01% stocks, and Government, with 19.46% of the basket. The assets are mostly located in the North America region.
MUB last dividends amounted to 0.06 CAD. The month before, the issuer paid 0.06 CAD in dividends,
MUB assets under management is 1.16 B CAD. It's risen 2.29% over the last month.
MUB fund flows account for 132.05 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, MUB pays dividends to its holders with the dividend yield of 4.55%. The last dividend (Oct 8, 2025) amounted to 0.06 CAD. The dividends are paid monthly.
MUB shares are issued by Power Financial Corp. under the brand Mackenzie. The ETF was launched on Apr 19, 2016, and its management style is Active.
MUB expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
MUB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MUB invests in bonds.
MUB price has fallen by −0.11% over the last month, and its yearly performance shows a −0.11% decrease. See more dynamics on MUB price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.06% increase in three-month performance and has increased by 2.17% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.06% increase in three-month performance and has increased by 2.17% in a year.
MUB trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.