Question 1

What is MUB?

Accepted Answer

MUB — Mackenzie Unconstrained Bond ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the MUB ETF price today?

Accepted Answer

MUB last traded at $17.62 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the MUB MER (management expense ratio)?

Accepted Answer

MUB has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, MUB is considered a low-cost ETF.

Question 4

What are MUB annualised returns?

Accepted Answer

MUB historical returns: YTD: -3.13%, 1-year: +0.79%, 3-year annualised: +4.76%, 5-year annualised: +1.59%, 10-year annualised: +2.68%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.31, which measures risk-adjusted return.

Question 5

Does MUB pay dividends or distributions?

Accepted Answer

Yes, MUB distributes income to unitholders. The current distribution yield is approximately 4.45%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does MUB invest in?

Accepted Answer

MUB's top holdings include Mackenzie AAA CLO ETF (MAAA, 2.6%), Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) (QUIG, 2.2%), Mackenzie Floating Rate Income ETF (MFT, 1.9%). See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Core Bd GR CAD.

Question 7

What sectors does MUB invest in?

Accepted Answer

MUB's largest sector exposures are Energy (86.1%), Healthcare (13.6%), Real Estate (0.3%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is MUB? (Assets under management)

Accepted Answer

MUB has approximately $1.07B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was MUB launched?

Accepted Answer

MUB was launched on April 19, 2016, giving it a 10-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy MUB in Canada?

Accepted Answer

MUB trades on the TSX under the ticker MUB. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is MUB?

Accepted Answer

MUB has a 1-year volatility of 2.64% and a beta of 0.49 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.31 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-10	$17.61	$17.65	$17.59	$17.62	$17.62	32,464
2026-09-09	$17.65	$17.70	$17.65	$17.69	$17.69	75,941
2026-09-08	$17.62	$17.69	$17.62	$17.67	$17.67	18,566
2026-09-04	$17.72	$17.77	$17.72	$17.73	$17.73	40,200
2026-09-03	$17.71	$17.74	$17.71	$17.74	$17.74	11,862
2026-09-02	$17.67	$17.71	$17.66	$17.67	$17.67	19,586
2026-09-01	$17.64	$17.72	$17.64	$17.68	$17.68	16,500
2026-08-31	$17.75	$17.79	$17.75	$17.78	$17.78	27,600
2026-08-28	$17.78	$17.83	$17.77	$17.83	$17.83	30,619
2026-08-27	$17.83	$17.83	$17.79	$17.80	$17.80	8,496

Sector	Weight
Energy	86.11%
Healthcare	13.63%
Real Estate	0.27%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Communication Services	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Utilities	0.00%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

CIBC Investor's Edge

Mackenzie Unconstrained Bond ETF (MUB : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Mackenzie Unconstrained Bond ETF

ETF Details

7 stocks to buy and hold forever

Compare MUB

Explore More

Compare MUB vs Similar ETFs

Frequently Asked Questions — MUB