MGB:CA:TSX-Mackenzie Core Plus Global Fixed Income ETF (CAD)

ETF | Global Fixed Income | Toronto Stock Exchange

Last Closing

CAD 16.32

Change

-0.01 (-0.06)%

Market Cap

CAD 0.02B

Volume

300.00

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Mackenzie Core Plus Global Fixed Income ETF seeks to provide a steady flow of income with an emphasis on capital preservation by investing primarily in investment-grade fixed-income securities denominated in Canadian or foreign currencies that are issued by companies or governments.

Inception Date: 19/04/2016

Primary Benchmark: BoAML Gbl Bd Market CAD-Hedged TR CAD

Primary Index: Barclays Global Aggregate TR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.67 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-03-27 )

Largest Industry Peers for Global Fixed Income

Symbol Name Mer Price(Change) Market Cap
PMIF:CA PIMCO Monthly Income ETF 0.85 %

N/A

CAD 2.26B
FGO:CA CI Enhanced Government Bond ET.. 0.97 %

N/A

CAD 0.73B
BND:CA Purpose Global Bond Fund Serie.. 0.48 %

N/A

CAD 0.61B
FLGA:CA Franklin Global Aggregate Bond.. 0.39 %

N/A

CAD 0.34B
XSE:CA iShares Conservative Strategic.. 0.56 %

N/A

CAD 0.13B
XSC:CA iShares Conservative Short Ter.. 0.45 %

N/A

CAD 0.06B
ZMSB:CA BMO Sustainable Global Multi-S.. 0.67 %

N/A

CAD 0.05B
PMNT:CA PIMCO Global Short Maturity Fu.. 0.00 %

N/A

CAD 0.04B
HAF:CA Horizons Active Global Fixed I.. 0.82 %

N/A

CAD 0.03B
PLDI:CA PIMCO Low Duration Monthly Inc.. 0.00 %

N/A

CAD 2.03M

ETFs Containing MGB:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Global Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -0.91% 36% F 20% F
Dividend Return 0.57% 33% F 24% F
Total Return -0.34% 36% F 21% F
Trailing 12 Months  
Capital Gain -1.63% 27% F 29% F
Dividend Return 4.26% 80% B- 68% D+
Total Return 2.64% 55% F 35% F
Trailing 5 Years  
Capital Gain -15.22% 9% A- 22% F
Dividend Return 13.11% 100% F 68% D+
Total Return -2.11% 27% F 28% F
Average Annual (5 Year Horizon)  
Capital Gain -4.02% 9% A- 19% F
Dividend Return -1.19% 45% F 27% F
Total Return 2.82% 100% F 69% C-
Risk Return Profile  
Volatility (Standard Deviation) 6.29% 36% F 82% B
Risk Adjusted Return -18.99% 64% D 25% F
Market Capitalization 0.02B 55% F 39% F

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:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

What to not like:
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.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.