Q: You had some previous thoughts on this one. I'm attracted to the 9-10% dividend but concerned about your previous comments that this one could be "hurt" by lowering interest rates. I guess that is why it is near a 52 week low. Any thoughts on this one now and as we head into 2025 ... is the ~ 9% dividend safe...it's been at ~ $ 17 for almost 2 years ... is the share price safe at around that level ?
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
- iShares Core Canadian Long Term Bond Index ETF (XLB)
- Mackenzie Floating Rate Income ETF (MFT)
- iShares 20+ Year Treasury Bond ETF (TLT)
Q: Could you give me some examples of the "Fat Coupon Bonds" that David Roseberg" referred to on BNN yesterday?
Could MTF be included? Thanks, JAMES
Could MTF be included? Thanks, JAMES
Q: Is this decent holding for the next 5 years as it is starting to move up? I have held it for 4.5 years and am down 16% but well up on non-taxable distribution. Thanks, James
- Enbridge Inc. (ENB)
- BMO Covered Call Canadian Banks ETF (ZWB)
- BMO Covered Call Utilities ETF (ZWU)
- Mackenzie Floating Rate Income ETF (MFT)
- BMO High Yield US Corporate Bond Index ETF (ZJK)
Q: Could you please recommend at least three Canadian products (stocks, etfs, bonds, whatever) that have an annual yield of at least 6%, but are ‘lower risk’. If you could list them in order of least risky to most that would be greatly appreciated. Thank you.
Q: Is it time to move on from this investment. Seems to want to continue down. Thx James
Q: Do you see any upside for this ETF in the year or two.
- BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY)
- iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
- Purpose Premium Yield Fund (PYF)
- Mackenzie Floating Rate Income ETF (MFT)
- Picton Mahoney Fortified Income Alternative Fund (PFIA)
Q: In a flat or a rising interest rate environment which ETF is preferable i.e XHY, PFIA, MFT, ZHY OR PYF?
Thanks for your service!
Thanks for your service!
- iShares Diversified Monthly Income ETF (XTR)
- BMO Canadian High Dividend Covered Call ETF (ZWC)
- Mackenzie Floating Rate Income ETF (MFT)
Q: Good day and thank you for all your valuable information. In looking to consolidate some income positions in my portfolio I would like to bring one of these two high income earners toward a fuller position of 4-5% in my portfolio (currently ZWC at 1.1% and MFT at 1.98%). Portfolio is aimed at getting 80-20 split equity-fixed income. Can I have your thoughts on these two and any suggestion toward any other I should be considering instead. Thank you.
- Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB)
- iShares Core Canadian Government Bond Index ETF (XGB)
- Mackenzie Floating Rate Income ETF (MFT)
Q: I would like to know what you can suggest as a canadian bond ETF that is reliable and gives a decent performance. I currently have XGB (IShares Cdn Government Bond Index ETF) but the yield is low. Previously I had MFT (Mackenzie Floating Rate Income ETF) giving a better yield. Is one is better than the other or is there a better choice? Also, is there any bond that instead of giving a yield gives a capital gain? It would be particularly interesting for my non registered account since I want to reduce the amount of interest that I receive to avoid clawback.
- Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR)
- iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
- Purpose High Interest Savings Fund (PSA)
- Purpose Premium Yield Fund (PYF)
- PIMCO Monthly Income Fund (Canada) (PMIF)
- Mackenzie Floating Rate Income ETF (MFT)
Q: I would like to park some cash, with the eventual purchase of a residence and am interested in more than GIC's and I understand that this will entail more risk, though less than equity risk. What do you think of MFT, XHY, PYF, PSA, HFR and PMIF and would you split them in equal percentages?
Thanks for your service
Thanks for your service
Q: XTR and MFT offer attractive yields and seem relatively stable...are you comfortable with how they generate distributions and would you recommend them today? Thanks, great service.
- BMO Covered Call Utilities ETF (ZWU)
- BMO Equal Weight REITs Index ETF (ZRE)
- BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE)
- BMO International Dividend Hedged to CAD ETF (ZDH)
- BMO US High Dividend Covered Call ETF (ZWH)
- iShares Diversified Monthly Income ETF (XTR)
- iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ)
- iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
- BMO Canadian High Dividend Covered Call ETF (ZWC)
- Mackenzie Floating Rate Income ETF (MFT)
Q: I am 72 and retired. I have been building a part of my portfolio (58.4%) for the last three years with ETFs. Current holdings are (% weight of portfolio in brackets): zwh (10.5), zwu (9.1), zwc (8.5), mft (5.9), xtr (5.3), xhy (5.2), zwe (4.7), cdz (3.2), zdh (3.2) & zre (2.9). With 24.2% cash, I plan on slowly adding to these etfs. How would you do this? The remainder of my portfolio is in dividend paying Canadian large caps.
Thanks, Jim
Thanks, Jim
Q: The MacKenzie Floating Rate Income Fund's monthly distributions over the last year range from $0.065 to $0.156 per unit. The average over that period is about $0.11.
Why the fluctuations? Is there anything that could cause the distribution to be driven to the low end for an extended period of time?
Why the fluctuations? Is there anything that could cause the distribution to be driven to the low end for an extended period of time?
- iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
- PIMCO Monthly Income Fund (Canada) (PMIF)
- Mackenzie Floating Rate Income ETF (MFT)
Q: Could you please rate these ETFS for safety. How would they react in a higher interest environment and which would you lean to.
Thanks
Thanks
Q: safe to hang on to this for 3 yrs. or dump it. down. 5% now in rsp. thanks j
Q: Hi, Would MFT be a decent, so-called somewhat safe place to hide untill the Coronavirus situation passes?? Thanks
- BMO Floating Rate High Yield ETF (ZFH)
- Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB)
- Mackenzie Floating Rate Income ETF (MFT)
- Senior Secured Floating Rate Loan Fund (FRL.UN)
- PIMCO Global Income Opportunities Fund (PGI.UN)
Q: When I compare MFT (that I own) and FRL.UN with ZFH and PGI.UN I don't understand why the former don't perform as well as the latter. What can explain that and what would be the best bond ETF (low volatility and reasonable yield) to own within a registered and non registered account. Also, do you know a bond ETF giving mostly capital gain for a non registered account to reduce the income in interest.
Q: Hi, Would these two funds be too correlated to each other, or too much overlap to hold for at least five years, thanks?
Q: Hi, Where would you rank this ETF compared to bond, balanced and equity funds on a scale of one to ten over a five year period in all different types of markets, just a general answer?
Q: Last winter I sold ZPR and replaced it with MFT in my RSP. This seemed like a good move, but recently MFT has slid below my purchase price. It has a great distribution, but with rates more likely to go down than up (?), do you think that MFT will continue to go lower and is there a chance that the distribution will be reduced?
Would you sell or hang on?
Thank-you
Would you sell or hang on?
Thank-you