MACKENZIE AAA CLO ETF UNITS CADMACKENZIE AAA CLO ETF UNITS CADMACKENZIE AAA CLO ETF UNITS CAD

MACKENZIE AAA CLO ETF UNITS CAD

No trades
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Key stats


Assets under management (AUM)
‪84.26 M‬CAD
Fund flows (1Y)
‪81.45 M‬CAD
Dividend yield (indicated)
4.85%
Discount/Premium to NAV
2.05%
Shares outstanding
‪1.68 M‬
Expense ratio

About MACKENZIE AAA CLO ETF UNITS CAD


Brand
Mackenzie
Inception date
May 1, 2025
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Mackenzie Financial Corp.
MAAA offers steady income with a lower risk of default by exclusively holding North American AAA-rated tranches of collateralized loan obligations (CLOs). These tranches benefit from significant structural protections such as subordination and overcollateralization. The strategy aims to seize opportunities presented by wider credit spreads and higher base rates in the current macroeconomic environment. As part of the strategy, the fund also follows a proprietary ESG-integrated approach, using quantitative models to evaluate risk factors like emissions, labor practices, and governance to manage corporate loan risks.

Broaden your horizons with more funds linked to MAAA via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Investment grade
Niche
Floating rate
Strategy
Active
Geography
North America
Weighting scheme
Proprietary
Selection criteria
Proprietary
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MAAA trades at 50.40 CAD today, its price has risen 2.03% in the past 24 hours. Track more dynamics on MAAA price chart.
MAAA net asset value is 50.31 today — it's fallen 0.15% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MAAA assets under management is ‪84.26 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MAAA fund flows account for ‪81.45 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
No, MAAA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, MAAA pays dividends to its holders with the dividend yield of 4.85%.
MAAA trades at a premium (2.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MAAA shares are issued by Power Corp. of Canada
MAAA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 1, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.