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

ETF | Floating Rate Loans | Toronto Stock Exchange

Last Closing

CAD 17.16

Change

+0.02 (+0.12)%

Market Cap

CAD 0.01B

Volume

0.02M

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: 2024-11-14 )

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 0.14B
FSL:CA First Trust Senior Loan ETF (C.. 0.94 %

+0.13 (+0.76%)

CAD 0.06B

ETFs Containing MFT:CA

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

-0.02 (0.00%)

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

N/A

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 -0.12% 67% D+ 20% F
Dividend Return 4.30% 33% F 65% D
Total Return 4.18% 33% F 24% F
Trailing 12 Months  
Capital Gain -0.81% 33% F 15% F
Dividend Return 6.62% 33% F 75% C
Total Return 5.81% 33% F 18% F
Trailing 5 Years  
Capital Gain -14.58% 33% F 20% F
Dividend Return 28.59% 100% F 77% C+
Total Return 14.00% 33% F 32% F
Average Annual (5 Year Horizon)  
Capital Gain -1.93% 33% F 21% F
Dividend Return 0.66% 33% F 27% F
Total Return 2.59% 67% D+ 66% D+
Risk Return Profile  
Volatility (Standard Deviation) 6.07% 67% D+ 86% B+
Risk Adjusted Return 10.93% 33% F 31% 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.