MACKENZIE US INV GD CORP BD IDX ETF UNITS SERIES EMACKENZIE US INV GD CORP BD IDX ETF UNITS SERIES EMACKENZIE US INV GD CORP BD IDX ETF UNITS SERIES E

MACKENZIE US INV GD CORP BD IDX ETF UNITS SERIES E

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Key stats


Assets under management (AUM)
‪514.52 M‬CAD
Fund flows (1Y)
‪−57.00 M‬CAD
Dividend yield (indicated)
4.51%
Discount/Premium to NAV
0.05%
Shares outstanding
‪6.06 M‬
Expense ratio
0.17%

About MACKENZIE US INV GD CORP BD IDX ETF UNITS SERIES E


Brand
Mackenzie
Inception date
Jan 29, 2018
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
Solactive USD Investment Grade Corporate Select Hedged to CAD Index - CAD
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Primary advisor
Mackenzie Financial Corp.
The fund provides exposure to an index of investment-grade corporate bonds issued in the US. Constituents are chosen using a 4-step selection process. It begins with assigning each security to a specific bucket determined using its rating and modified duration. There will be a total of 10 rating and 11 modified duration buckets of which each bucket market weight is calculated and the number of bonds is determined in step 2. The third step involves selecting the appropriate number of debt securities based on those which have the largest amount outstanding. Finally, individual bond weights are assigned based on market cap within their respective buckets and rebalanced on a monthly basis. Also note that derivatives may also be in the mix in seeking to hedge the USD exposure of the securities to the CAD. The fund is designed for investors with a low risk appetite who are seeking low cost exposure to a diversified portfolio of corporate sovereign debts in the US.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
Investment grade
Niche
Broad maturities
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
0.4%0%92%5%2%
Top 10 holdings
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
Displays a symbol's price movements over previous years to identify recurring trends.

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

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.
QUIG trades at 84.80 CAD today, its price has fallen −0.54% in the past 24 hours. Track more dynamics on QUIG price chart.
QUIG net asset value is 85.21 today — it's risen 1.34% 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.
QUIG assets under management is ‪514.52 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.
QUIG price has risen by 0.53% over the last month, and its yearly performance shows a −1.36% decrease. See more dynamics on QUIG price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.10% increase in three-month performance and has increased by 2.34% in a year.
QUIG fund flows account for ‪−57.00 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.
QUIG invests in bonds. See more details in our Analysis section.
QUIG expense ratio is 0.17%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, QUIG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, QUIG technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating QUIG shows the sell signal. See more of QUIG technicals for a more comprehensive analysis.
Yes, QUIG pays dividends to its holders with the dividend yield of 4.51%.
QUIG trades at a premium (0.05%).
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.
QUIG shares are issued by Power Financial Corp.
QUIG follows the Solactive USD Investment Grade Corporate Select Hedged to CAD Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 29, 2018.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.