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 $17.74 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: -2.47%, 1-year: +1.30%, 3-year annualised: +4.66%, 5-year annualised: +1.58%, 10-year annualised: +2.67%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.23, 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 4.52%, 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 Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). 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 $1.09B 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 2.67% and a beta of 0.48 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.23 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
2026-08-20	$17.79	$17.79	$17.73	$17.74	$17.74	24,703
2026-08-19	$17.81	$17.81	$17.73	$17.75	$17.75	15,749
2026-08-18	$17.70	$17.76	$17.70	$17.73	$17.73	36,705
2026-08-17	$17.70	$17.75	$17.70	$17.73	$17.73	11,560
2026-08-14	$17.75	$17.78	$17.73	$17.73	$17.73	8,475
2026-08-13	$17.75	$17.80	$17.75	$17.78	$17.78	20,885
2026-08-12	$17.72	$17.79	$17.72	$17.76	$17.76	18,550
2026-08-11	$17.74	$17.79	$17.72	$17.73	$17.73	71,300
2026-08-10	$17.75	$17.81	$17.74	$17.75	$17.75	45,572
2026-08-07	$17.85	$17.85	$17.79	$17.83	$17.83	5,900

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

Ticker	Name	Price	1D
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XRPP-B	Purpose Investments Inc - Purpose XRP ETF	$5.64	+15.57%
XRPQ		$7.66	+15.36%
XRPP		$5.38	+15.34%
MSTU		$4.76	+15.25%

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

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Frequently Asked Questions — MUB