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Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP : NEO)

Global Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021

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Close
(06-12-2024)
$84.51
Change
$0.03 (0.04%)
Open $84.89
Day Range $84.89 - $85.10
Volume 1,104

As at May 31, 2024

As at May 31, 2024

Period
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Legend

Mackenzie US TIPS Index ETF (CAD-Hedged)

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Fund Returns

Inception Return (January 24, 2018): 1.64%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.46% 0.50% 2.05% -0.53% 0.58% -2.28% -1.93% 0.05% 1.44% 1.74% - - - -
Benchmark 0.00% -0.84% 0.62% -0.82% 0.03% 1.24% -2.50% -4.40% -1.98% -0.42% -0.71% -0.15% 0.99% 1.76%
Category Average 1.16% 2.23% 2.23% -0.81% 2.43% 0.70% -2.13% -1.19% -0.21% 0.49% 0.25% 0.66% 0.84% 1.06%
Category Rank 113 / 543 139 / 539 343 / 536 220 / 536 438 / 490 422 / 440 153 / 356 47 / 293 22 / 245 17 / 209 - - - -
Quartile Ranking 1 2 3 2 4 4 2 1 1 1 - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund -0.53% 0.00% -0.79% -1.87% -0.56% 2.35% 2.60% 0.00% -1.03% 0.76% -1.70% 1.46%
Benchmark -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24% 0.00%

Best Monthly Return Since Inception

3.81% (July 2022)

Worst Monthly Return Since Inception

-7.31% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 7.41% 10.34% 5.56% -12.36% 3.19%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - 1 1 1 3 4
Category Rank - - - - - 46/ 234 10/ 268 1/ 325 265/ 392 421/ 472

Best Calendar Return (Last 10 years)

10.34% (2020)

Worst Calendar Return (Last 10 years)

-12.36% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 100.00

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
United States Treasury 0.88% 15-Jan-2029 7.86
United States Treasury 3.38% 15-Apr-2032 6.86
United States Treasury 0.50% 15-Jan-2028 6.26
United States Treasury 1.13% 15-Jan-2033 6.04
United States Treasury 0.13% 15-Jan-2032 5.22
United States Treasury 3.88% 15-Apr-2029 5.16
United States Treasury 3.63% 15-Apr-2028 5.13
United States Treasury 0.13% 15-Apr-2026 4.83
United States Treasury 1.63% 15-Oct-2027 4.40
United States Treasury 1.75% 15-Jan-2028 4.32

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

Mackenzie US TIPS Index ETF (CAD-Hedged)

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 7.07% 6.21% -
Beta 0.54% 0.39% -
Alpha 0.00% 0.02% -
Rsquared 0.28% 0.19% -
Sharpe -0.65% -0.07% -
Sortino -0.78% -0.28% -
Treynor -0.09% -0.01% -
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.08% 7.07% 6.21% -
Beta 0.56% 0.54% 0.39% -
Alpha 0.01% 0.00% 0.02% -
Rsquared 0.42% 0.28% 0.19% -
Sharpe -0.82% -0.65% -0.07% -
Sortino -0.65% -0.78% -0.28% -
Treynor -0.07% -0.09% -0.01% -
Tax Efficiency - - - -

Fund Details

Start Date January 24, 2018
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $88.03
52 Week Low $81.98
Annual Dividend $4.17
Annual Yield -
Index Solactive US Treasury Inflation-Linked Bond Hedged to CAD Index
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

Mackenzie US TIPS Index ETF (CAD-Hedged) seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive US Treasury Inflation-Linked Bond Hedged to CAD Index, or any successor thereto. It invests primarily in U.S. Treasury Inflation-Protected Securities (TIPS), either directly or indirectly, with its foreign currency hedged back to the Canadian dollar.

Investment Strategy

-

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 01-24-2018

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar TSX Trust Company
Distributor -
Auditor Deloitte LLP

Fees

MER 0.17%
Management Fee 0.15%

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