Mackenzie Unconstrained Bond ETF (MUB.TO) ETF Analysis

Fund Overview

Mackenzie Unconstrained Bond ETF (MUB.TO) is an exchange-traded fund. The fund holds CA$1.12B in total net assets. Mackenzie Financial Corporation is the fund family on file. The inception date on file is April 19, 2016.

Its biggest positions are Mackenzie AAA CLO ETF (MAAA.TO), Mackenzie US Invmt Grd Corp Bd ETF CAD H (QUIG.TO), and Mackenzie Floating Rate Income ETF (MFT.TO). Mackenzie AAA CLO ETF alone accounts for 2.59% of the portfolio.

Performance Analysis

The most recent close on file for MUB.TO is CA$17.74, dated September 4, 2026. The trailing one-year price return is +0.83%. Measured over 5 years, that is +1.58% a year compounded. The fund distributes at a trailing yield of 4.52%.

2026 is still running; the price is +0.12% year to date. Across the complete calendar years on file, 2023 returned +6.34% and 2022 returned −7.06%. Of the 7 complete calendar years on file, 5 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$17.64 to CA$18.61. The latest close sits 0.54% above that 52-week low. Annualized volatility over the trailing 8 years is 6.89%. The reported beta is 0.48. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.