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Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP : NEO)
Global Fixed Income
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FundGrade C
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FundGrade A+® Rating Recipient
2023, 2022, 2021
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|
Close (07-03-2026) |
$81.82 |
|---|---|
| Change |
-$0.10
(-0.12%)
|
| Open | $82.01 |
|---|---|
| Day Range | $81.77 - $82.01 |
| Volume | 2,757 |
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (January 24, 2018): 2.11%
| 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 | 0.02% | -0.49% | 0.26% | 0.97% | 2.86% | 3.62% | 2.60% | 0.63% | 0.25% | 1.23% | 2.06% | 2.21% | - | - |
| Benchmark | 1.42% | -0.89% | -1.04% | 0.67% | 3.04% | 5.68% | 3.76% | 3.43% | 0.69% | -1.15% | 0.15% | 1.07% | 0.67% | 0.99% |
| Category Average | 0.60% | -0.31% | -0.31% | 0.33% | 2.70% | 3.61% | 3.21% | 2.14% | 0.13% | 0.39% | 0.87% | 1.26% | 0.98% | 1.24% |
| Category Rank | 230 / 245 | 51 / 243 | 49 / 243 | 49 / 243 | 92 / 230 | 74 / 196 | 97 / 169 | 127 / 149 | 35 / 118 | 13 / 99 | 11 / 94 | 13 / 84 | - | - |
| Quartile Ranking | 4 | 1 | 1 | 1 | 2 | 2 | 3 | 4 | 2 | 1 | 1 | 1 | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.80% | -0.06% | 1.37% | 0.26% | 0.16% | 0.04% | -0.69% | 0.32% | 1.14% | -1.42% | 0.92% | 0.02% |
| Benchmark | 1.17% | -0.22% | 0.81% | 2.14% | 0.41% | -0.23% | -1.70% | -0.25% | 1.83% | -0.86% | -1.43% | 1.42% |
Best Monthly Return Since Inception
3.81% (July 2022)
Worst Monthly Return Since Inception
-7.31% (September 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 7.41% | 10.34% | 5.56% | -12.36% | 3.19% | 0.80% | 4.94% |
| Benchmark | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% | 3.01% |
| Category Average | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.37% | 3.68% |
| Quartile Ranking | - | - | - | 2 | 1 | 1 | 3 | 4 | 4 | 1 |
| Category Rank | - | - | - | 25/ 90 | 3/ 97 | 1/ 104 | 92/ 132 | 132/ 154 | 148/ 188 | 25/ 214 |
Best Calendar Return (Last 10 years)
10.34% (2020)
Worst Calendar Return (Last 10 years)
-12.36% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Government Bonds | 100.00 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 100.00 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| United States Treasury 1.88% 15-Jul-2034 | 4.99 |
| UNITED STATES TREA 1.875 15JUL35 IL | 4.95 |
| United States Treasury 0.13% 15-Jan-2031 | 4.89 |
| United States Treasury 0.13% 15-Jul-2031 | 4.88 |
| United States Treasury 1.75% 15-Jan-2034 | 4.65 |
| United States Treasury 2.13% 15-Jan-2035 | 4.42 |
| United States Treasury 0.88% 15-Jan-2029 | 4.18 |
| United States Treasury 0.25% 15-Jul-2029 | 4.06 |
| United States Treasury 1.63% 15-Oct-2027 | 4.05 |
| United States Treasury 1.13% 15-Jan-2033 | 3.69 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie US TIPS Index ETF (CAD-Hedged)
Median
Other - Global Fixed Income
3 Yr Annualized
| Standard Deviation | 4.04% | 5.92% | - |
|---|---|---|---|
| Beta | 0.48% | 0.51% | - |
| Alpha | 0.01% | 0.00% | - |
| Rsquared | 0.35% | 0.29% | - |
| Sharpe | -0.23% | -0.42% | - |
| Sortino | -0.12% | -0.52% | - |
| Treynor | -0.02% | -0.05% | - |
| Tax Efficiency | 30.11% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.70% | 4.04% | 5.92% | - |
| Beta | 0.29% | 0.48% | 0.51% | - |
| Alpha | 0.02% | 0.01% | 0.00% | - |
| Rsquared | 0.22% | 0.35% | 0.29% | - |
| Sharpe | 0.19% | -0.23% | -0.42% | - |
| Sortino | -0.07% | -0.12% | -0.52% | - |
| Treynor | 0.02% | -0.02% | -0.05% | - |
| Tax Efficiency | 48.77% | 30.11% | - | - |
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 | $85.66 |
| 52 Week Low | $80.69 |
| Annual Dividend | $3.01 |
| 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
In order to achieve its investment objectives, the investment strategy of each Mackenzie Solactive Index ETF is to invest in and hold a proportionate share of the Constituent Securities of the applicable Index to seek to replicate the performance of that Index. The Mackenzie Solactive Index ETFs may also hold cash and cash equivalents or other money market instruments in order to meet their current obligations.
Portfolio Management
| Portfolio Manager |
Mackenzie Financial Corporation |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
TSX Trust Company |
| Distributor |
- |
Fees
| MER | 0.17% |
|---|---|
| Management Fee | 0.15% |
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