MKB:CA:TSX-Mackenzie Core Plus Canadian Fixed Income ETF (CAD)

ETF | Canadian Fixed Income | Toronto Stock Exchange

Last Closing

CAD 18.87

Change

+0.10 (+0.53)%

Market Cap

CAD 5.07M

Volume

0.03M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Mackenzie Core Plus Canadian Fixed Income ETF seeks to provide a steady flow of income with an emphasis on capital preservation by investing primarily in investment-grade Canadian government, corporate fixed-income and/or asset-backed securities, in each case with maturities of more than one year.

Inception Date: 19/04/2016

Primary Benchmark: FTSE Canada Universe Bond

Primary Index: Citi Canadian GBI CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.52 %

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 Canadian Fixed Income

Symbol Name Mer Price(Change) Market Cap
XBB:CA iShares Canadian Universe Bond 0.10 %

+0.08 (+0.30%)

CAD 7.02B
ZAG:CA BMO Aggregate Bond 0.09 %

-0.01 (-0.08%)

CAD 6.78B
VAB:CA Vanguard Canadian Aggregate Bo.. 0.09 %

+0.05 (+0.23%)

CAD 4.53B
HBB:CA Horizons CDN Select Universe B.. 0.10 %

+0.17 (+0.37%)

CAD 3.12B
ZCPB:CA BMO Core Plus Bond ETF 0.56 %

N/A

CAD 2.81B
ZGB:CA BMO Government Bond Index ETF 0.17 %

N/A

CAD 1.09B
XGB:CA iShares Canadian Government Bo.. 0.38 %

+0.05 (+0.27%)

CAD 1.00B
QBB:CA Mackenzie Canadian Aggregate B.. 0.10 %

+0.16 (+0.18%)

CAD 0.86B
ZDB:CA BMO Discount Bond 0.10 %

+0.02 (+0.14%)

CAD 0.81B
CLG:CA iShares 1-10Yr Laddered Govern.. 0.17 %

+0.01 (+0.06%)

CAD 0.74B

ETFs Containing MKB:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Canadian Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -1.46% 77% C+ 18% F
Dividend Return 0.53% 16% F 21% F
Total Return -0.94% 82% B 18% F
Trailing 12 Months  
Capital Gain -0.42% 82% B 33% F
Dividend Return 2.81% 80% B- 50% F
Total Return 2.38% 91% A- 35% F
Trailing 5 Years  
Capital Gain -7.95% 91% A- 31% F
Dividend Return 8.53% 57% F 45% F
Total Return 0.58% 100% F 31% F
Average Annual (5 Year Horizon)  
Capital Gain -2.68% 91% A- 27% F
Dividend Return -0.97% 91% A- 28% F
Total Return 1.70% 50% F 50% F
Risk Return Profile  
Volatility (Standard Deviation) 6.29% 13% F 82% B
Risk Adjusted Return -15.49% 100% F 26% F
Market Capitalization 5.07M 57% F 63% D

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:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

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.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

What to not like:
Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

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.