ducovest

MUB:CA:TSX-Mackenzie Unconstrained Bond ETF (CAD)

ETF | High Yield Fixed Income | Toronto Stock Exchange

Last Closing

CAD 17.94

Change

+0.01 (+0.06)%

Market Cap

CAD 0.01B

Volume

0.01M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Mackenzie Unconstrained Bond ETF seeks to provide a positive total return over a market cycle, regardless of market conditions, by investing primarily in fixed-income securities of issuers anywhere in the world and in derivative instruments.

Company Website : www.mackenzieinvestments.com

Currency: CAD

Country : Canada

Inception Date: 19/04/2016

Primary Benchmark: FTSE Canada 91 Day TBill

Primary Index: CIBC WM 91 Day Treasury Bill CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.58 %

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: 2024-04-17 )

Largest Industry Peers for High Yield Fixed Income

Symbol Name Mer Price(Change) Market Cap
ZJK:CA BMO High Yield US Corporate Bo.. 0.58 %

+0.02 (+0.11%)

 CAD 1.02B
ZHY:CA BMO High Yield US Corporate Bo.. 0.60 %

-0.03 (-0.27%)

 CAD 0.95B
ZEF:CA BMO Emerging Markets Bond (CAD.. 0.55 %

N/A

 CAD 0.61B
XHY:CA iShares U.S. High Yield Bond I.. 0.67 %

-0.09 (-0.55%)

 CAD 0.41B
CVD:CA iShares Convertible Bond Commo.. 0.50 %

N/A

 CAD 0.09B
SYLD:CA Purpose Strategic Yield Fund E.. 1.22 %

+0.05 (+0.28%)

 CAD 0.07B
DXO:CA Dynamic Active Crossover Bond .. 0.56 %

N/A

 CAD 0.06B
XSI:CA iShares Short Term Strategic F.. 0.56 %

N/A

 CAD 0.04B
QHY:CA Mackenzie US High Yield Bond I.. 0.56 %

N/A

 CAD 0.04B
PBD:CA Purpose Total Return Bond 0.72 %

N/A

 CAD 0.01B

ETFs Containing MUB:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (High Yield Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -1.59% 58% F 23% F
Dividend Return 1.05% 25% F 47% F
Total Return -0.54% 50% F 25% F
Trailing 12 Months  
Capital Gain -2.18% 25% F 34% F
Dividend Return 4.66% 58% F 71% C-
Total Return 2.48% 33% F 42% F
Trailing 5 Years  
Capital Gain -13.33% 58% F 27% F
Dividend Return 16.19% 58% F 77% C+
Total Return 2.86% 67% D+ 35% F
Average Annual (5 Year Horizon)  
Capital Gain -3.17% 50% F 23% F
Dividend Return 0.28% 67% D+ 36% F
Total Return 3.45% 58% F 78% C+
Risk Return Profile  
Volatility (Standard Deviation) 4.52% 100% F 90% A-
Risk Adjusted Return 6.24% 67% D+ 38% F
Market Capitalization 0.01B 92% A 69% C-

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 on cashflow basis

The stock is trading low compared to its peers on a price to cash flow 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.

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.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

What to not like:

There is nothing we particularly dislike