MFT:CA:TSX-Mackenzie Floating Rate Income ETF (CAD)

ETF | Floating Rate Loans | Toronto Stock Exchange

Last Closing

CAD 17.05

Change

-0.01 (-0.06)%

Market Cap

CAD 0.01B

Volume

6.01K

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

Mackenzie Floating Rate Income ETF seeks to generate current income by investing primarily in floating rate debt instruments and/or high yield debt securities of issuers located anywhere in the world.

Inception Date: 19/04/2016

Primary Benchmark: FTSE Canada Universe Bond

Primary Index: S&P/LSTA Leveraged Loan TR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.69 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
XOM Exxon Mobil Corp 1.11 %
UBER Uber Technologies Inc 1.06 %
Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-12 )

Largest Industry Peers for Floating Rate Loans

Symbol Name Mer Price(Change) Market Cap
ZFH:CA BMO Floating Rate High Yield 0.43 %

+0.03 (+0.20%)

CAD 0.13B
FSL:CA First Trust Senior Loan Common 0.94 %

-0.02 (-0.12%)

CAD 0.06B

ETFs Containing MFT:CA

MGB:CA Mackenzie Core Plus Globa.. 0.00 % 0.67 %

+0.07 (+-0.64%)

N/A
MUB:CA Mackenzie Unconstrained B.. 0.00 % 0.58 %

-0.12 (-0.64%)

N/A

Market Performance

  Market Performance vs. Industry/Classification (Floating Rate Loans) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -0.76% 67% D+ 18% F
Dividend Return 0.68% 50% F 22% F
Total Return -0.08% 67% D+ 18% F
Trailing 12 Months  
Capital Gain -2.85% 33% F 18% F
Dividend Return 0.66% 50% F 14% F
Total Return -2.19% 33% F 18% F
Trailing 5 Years  
Capital Gain -16.95% 33% F 19% F
Dividend Return 11.46% 50% F 50% F
Total Return -5.49% 67% D+ 22% F
Average Annual (5 Year Horizon)  
Capital Gain -2.21% 33% F 24% F
Dividend Return 0.53% 33% F 30% F
Total Return 2.74% 67% D+ 67% D+
Risk Return Profile  
Volatility (Standard Deviation) 6.15% 67% D+ 84% B
Risk Adjusted Return 8.68% 33% F 32% F
Market Capitalization 0.01B N/A N/A N/A N/A

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:

There is nothing we particularly like

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.