MACKENZIE CANADIAN ULTRA SHORT BOND UNITS ETF CADMACKENZIE CANADIAN ULTRA SHORT BOND UNITS ETF CADMACKENZIE CANADIAN ULTRA SHORT BOND UNITS ETF CAD

MACKENZIE CANADIAN ULTRA SHORT BOND UNITS ETF CAD

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Key stats

Assets under management (AUM)
‪135.76 M‬CAD
Fund flows (1Y)
Dividend yield (indicated)
5.15%
Discount/Premium to NAV
0.05%

About MACKENZIE CANADIAN ULTRA SHORT BOND UNITS ETF CAD

Issuer
Power Financial Corp.
Brand
Mackenzie
Inception date
Nov 20, 2023
Index tracked
Solactive Canadian Ultra-Short Bond Index - CAD - Benchmark TR Gross
Management style
Passive
The fund is passively managed to provide exposure to the ultra-short segment of Canadian debt. The index holds CAD-denominated government and corporate bonds. The government bond sleeve covers sovereign and local authority/political division bonds but excludes municipal bonds. Maple bonds or foreign-issued, CAD-denominated bonds are eligible for inclusion. Eligible securities must have at least 0 to 1 year to maturity and a minimum amount outstanding of at least CAD 150 million. The index maintains an average bond rating between AAA and A. The index weights the portfolio by market value, with the corporate bond sleeve getting 75% weight and the government bond sleeve 25%. Individual bond weights are capped at 5%. The index rebalances on a monthly basis.

Classification

Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Broad credit
Niche
Ultra-short term
Strategy
Vanilla
Weighting scheme
Tiered
Selection criteria
Market value

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of July 23, 2024
Exposure type
Bonds, Cash & Other
Corporate
Government
Bonds, Cash & Other100.00%
Corporate65.45%
Government22.47%
Municipal7.31%
Cash4.65%
Securitized0.10%
Futures0.01%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows