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StockVS

TSX · CAD · ETF

Mackenzie Unconstrained Bond ETF (MUB.TO) ETF Analysis

MUB.TO
Expense ratio 0.55% Yield 4.46% Assets CA$1.05B Since April 19, 2016 Family Mackenzie Financial Corporation

Last Updated: October 21, 2026

CA$17.43
+CA$0.04 (+0.23%)

October 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare MUB.TO with… →

MUB.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year−2.08%CA$97.92
3 years+4.83%CA$115.19
5 years+1.40%CA$107.19
10 years+2.44%CA$127.27

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

MUB.TO Return by Calendar Year

2016 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)−1.32%
2025+4.31%
2024+5.20%
2023+6.34%
2022−7.06%
2021−0.79%
2020+5.88%
2019+5.32%
2018+1.22%
2017+4.88%
2016 (partial year)+0.97%

MUB.TO Monthly Returns

−3%+5%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+0.3+1.1−1.6−0.1+0.7+0.0−0.6+0.3−1.8+0.4——
2025+1.0+1.0−1.0−0.4+0.7+1.1+0.4+0.3+1.4+0.2+0.5−0.9
2024+0.4−0.1+0.5−1.4+1.7+0.3+2.4+1.9+0.2−0.6+1.3−1.4
2023+3.2−0.7+0.3+0.5−1.2+0.2+0.6−1.0−0.9−0.5+2.7+3.3
2022−0.7−1.7−2.0−2.7−0.8−1.8+1.9+0.5−2.7−1.2+4.9−0.7
2021+0.0−1.2−0.7+0.5−0.1+0.7−0.1+0.4−0.1−1.0+0.4+0.4
2020+0.7+0.5−2.7+3.3+0.7+0.8+1.6−0.2+0.1−0.1+1.0+0.2
2019+1.1+0.8+0.6+0.5−0.1+1.0+0.4+0.0−0.1−0.2+0.7+0.4
2018+0.2+0.5+0.2−0.3+0.0+0.4−0.0+0.4+0.1−0.4−0.5+0.6
2017+0.2+1.8+0.3+0.8+0.8−0.6−0.5+0.3+0.4+0.8+0.8−0.2

Monthly total returns with dividends reinvested; each cell prints its signed value.

MUB.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs
Annualized volatility
6.52%
Beta (3y)
0.50
Best year
+6.34%

2023

Worst year
−7.06%

2022

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

# Symbol Name Weight
1 MAAA.TO Mackenzie AAA CLO ETF 2.75%
2 QUIG.TO Mackenzie US Invmt Grd Corp Bd ETF CAD H 2.3%
3 MFT.TO Mackenzie Floating Rate Income ETF 2.07%

Analysis

Data-derived

Fund Overview

Mackenzie Unconstrained Bond ETF (MUB.TO) is an exchange-traded fund. The fund holds CA$1.05B in total net assets. Annual costs run at an expense ratio of 0.55%. On a CA$10,000 position that is CA$55.00 a year. 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 2.75% of the portfolio.

Performance Analysis

The most recent close on file for MUB.TO is CA$17.43, dated October 21, 2026. The trailing one-year total return is −2.08%. Measured over 10 years, that is +2.44% a year compounded. The fund distributes at a trailing yield of 4.46%.

2026 is still running; the total return is −1.32% year to date. Across the complete calendar years on file, 2023 returned +6.34% and 2022 returned −7.06%. Of the 9 complete calendar years on file, 7 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$17.30 to CA$18.61. The latest close sits 0.75% above that 52-week low. Annualized volatility over the trailing 10 years is 6.52%. The reported beta is 0.5. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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