Overview

Quick Facts

Ticker

CBND

Daily Prices

$9.7744
-0.47% (-$0.05)
March 04, 2021

Summary Stats

Listing Date 2020-11-25
AUM $3.67 M
Mgmt. Fee 0.24%

Investment Objective

CBND seeks to earn the highest level of income consistent with the preservation of capital by investing primarily in a diversified portfolio of fixed income securities issued by Canadian corporations.

ETF Characteristics

Average Credit Quality BBB+
Current Yield 3.28%
Modified Duration 6.92
Yield to Maturity 1.96%
Units Outstanding 375000
Number of Holdings 73
Risk Rating Low

Why Invest

An important asset class

CBND invests in Canadian investment-grade corporate bonds that often pay higher interest rates than short-term bonds. While they can be more sensitive to interest rate movements, they still provide diversification benefits to a portfolio overall.

Efficient investment management

CBND’s efficient systematic approach is blended with active management techniques that aim to produce a portfolio with higher yield potential while matching bond market index risk metrics. The portfolio management team uses Manulife Investment Management credit research to inform their decisions to add or remove bonds from the ETF. As a result, CBND tends to have fewer bonds than the market index and fewer bonds than passive ETFs, while the systematic approach helps to keep costs low.

Performance ±

Performance cannot be shown until one year after the Fund's inception

Portfolio Allocation as of 2021-03-04

Geographic Allocation (%)

Geographic Allocation pie chart. See following table for detailed information. The pie slices display the relative value of each table entry.

Geographic Allocation pie chart.
Name Weight %
Canada 98.53
United States 1.47

Sector Allocation (%)

Sector Allocation pie chart. See following table for detailed information. The pie slices display the relative value of each table entry.

Sector Allocation pie chart.
Name Weight %
Corporate 99.72
Base Cash 0.28

Asset Allocation (%)

Asset Allocation pie chart. See following table for detailed information. The pie slices display the relative value of each table entry.

Asset Allocation pie chart.
Name Weight %
Fixed Income 99.72
Cash 0.28

Top 10 Holdings (%) 2

Name Ticker ISIN Weight %
Sobeys Inc. - 4.7 - 2023-08-08 CA833577AE94 3.74
Canadian Tire Corporation Limited - 3.167 - 2023-07-06 CA13668ZAX65 3.63
Emera Inc. - 2.9 - 2023-06-16 CA290876AC55 3.35
Toronto Hydro Corporation - 2.91 - 2023-04-10 CA89119ZAE30 3.34
Thomson Reuters Corp. - 2.239 - 2025-05-14 CA884903BW40 2.96
Alimentation Couche-Tard Inc. - 3.6 - 2025-06-02 CA01626PAE66 2.93
H&R Real Estate Investment Trust - 3.369 - 2024-01-30 CA403925AY67 2.66
Canadian National Railway Company - 3.6 - 2047-08-01 CA136375CM29 2.65
Teranet Holdings LP - 3.544 - 2025-06-11 CA880789AQ53 2.62
407 International Inc. - 1.8 - 2025-05-22 CA35085ZBW55 2.61
Greater Toronto Airports Authority - 2.73 - 2029-04-03 CA39191ZBC29 2.49
Loblaw Companies Limited - 4.488 - 2028-12-11 CA539481AM35 2.46
Greater Toronto Airports Authority - 3.04 - 2022-09-21 CA39191ZAZ23 2.40
RioCan Real Estate Investment Trust - 3.287 - 2024-02-12 CA766910AZ63 2.34
Bell Canada Inc. - 6.17 - 2037-02-26 CA07813ZBL72 2.27
Toromont Industries Limited - 3.842 - 2027-10-27 CA891102AE54 2.13
CT Real Estate Investment Trust - 3.289 - 2026-06-01 CA126462AD27 2.00
ENMAX Corporation - 3.876 - 2029-10-18 CA293365AG79 1.96
RioCan Real Estate Investment Trust - 2.576 - 2025-02-12 CA766910BE26 1.94
Brookfield Infrastructure Finance ULC - 3.41 - 2029-10-09 CA11291ZAF41 1.90
Stantec Inc. - 2.048 - 2027-10-08 CA85472NAC35 1.76
Crombie Real Estate Investment Trust - 3.677 - 2026-08-26 CA227107AN97 1.76
Loblaw Companies Limited - 2.284 - 2030-05-07 CA539481AN18 1.69
Reliance L.P. - 3.836 - 2025-03-15 CA759480AJ50 1.66
Summit Industrial Income - 2.15 - 2025-09-17 CA866120AA66 1.65
TELUS Corporation - 4.4 - 2046-01-29 CA87971MBB87 1.60
Manulife Finance (Delaware), L.P. - 5.059 - 2041-12-15 CA56502FAA99 1.47
Sun Life Financial Inc. - 5.4 - 2042-05-29 CA866796AD74 1.35
METRO Inc. - 5.03 - 2044-12-01 CA59162NAB51 1.29
Allied Properties Real Estate Investment Trust - 3.117 - 2030-02-21 CA019456AF95 1.23
Brookfield Infrastructure Finance ULC - 3.315 - 2024-02-22 CA11291ZAD92 1.22
Shaw Communications Inc. - 6.75 - 2039-11-09 CA82028KAQ46 1.20
Intact Financial Corporation - 6.4 - 2039-11-23 CA45823ZAB81 1.17
Original Wempi Inc. - 4.309 - 2024-02-13 CA952637AA45 1.17
Rogers Communications Inc. - 6.68 - 2039-11-04 CA775109AP67 1.14
Power Corporation of Canada - 4.81 - 2047-01-31 CA739239AD37 1.09
IGM Financial Inc. - 4.174 - 2048-07-13 CA449586AF30 1.07
SmartCentres Real Estate Investment Trust - 3.834 - 2027-12-21 CA83179XAH13 1.06
Great-West Lifeco Inc. - 5.998 - 2039-11-16 GWOCN CA39138CAF38 1.01
First Capital Real Estate Investment Trust - 3.447 - 2028-03-01 CA31890BAA13 0.99
H&R Real Estate Investment Trust - 4.071 - 2025-06-16 CA403925BB55 0.96
SmartCentres Real Estate Investment Trust - 3.444 - 2026-08-28 CA83179XAC26 0.96
Shaw Communications Inc. - 3.3 - 2029-12-10 CA82028KAZ45 0.95
Reliance L.P. - 2.68 - 2027-12-01 CA759480AL07 0.92
IGM Financial Inc. - 4.206 - 2050-03-21 CA449586AH95 0.92
Bell Canada Inc. - 4.7 - 2023-09-11 CA07813ZBF05 0.89
Vancouver Airport Authority - 1.76 - 2030-09-20 CA92157WAD98 0.87
ENMAX Corporation - 2.922 - 2022-10-18 CA293365AE22 0.85
Bell Canada Inc. - 3.0 - 2022-10-03 CA07813ZBS26 0.85
Teranet Holdings L.P. - 5.754 - 2040-12-17 CA880789AC67 0.85
SmartCentres Real Estate Investment Trust - 3.648 - 2030-12-11 CA83179XAM08 0.85
Great-West Lifeco Inc. - 2.981 - 2050-07-08 GWOCN CA39138CAJ59 0.84
Fairfax Financial Holdings Limited - 4.25 - 2027-12-06 CA303901AZ58 0.79
TELUS Corporation - 4.85 - 2044-04-05 CA87971MAW34 0.77
Allied Properties Real Estate Investment Trust - 3.113 - 2027-04-08 CA019456AE21 0.77
407 International Inc. - 5.75 - 2036-02-14 CA35085ZAM82 0.72
Empire Life Insurance Company (The) - 4.0 - 2050-06-22 CA26857QAA90 0.67
Husky Energy Inc. - 3.55 - 2025-03-12 CA448055AM50 0.61
Fairfax Financial Holdings Ltd. - 4.23 - 2029-06-14 CA303901BD38 0.58
British Columbia Ferry Services Inc. - 5.581 - 2038-01-11 CA110574AF73 0.56
Fortis Inc. - 6.51 - 2039-07-04 FTSCN CA349553AD90 0.46
Brookfield Asset Management Inc. - 4.54 - 2023-03-31 CA11257ZAC38 0.44
Nova Scotia Power Inc. - 5.61 - 2040-06-15 CA66988ZAZ23 0.44
First Capital Real Estate Investment Trust - 3.95 - 2022-12-05 CA31943BBR02 0.43
Husky Energy Inc. - 3.5 - 2028-02-07 CA448055AS21 0.42
Saputo Inc. - 2.242 - 2027-06-16 CA80310ZAG42 0.42
Hydro One Inc. - 1.69 - 2031-01-16 CA44810ZCF59 0.39
Hydro One Inc. - 3.91 - 2046-02-23 HYDONE CA44810ZBS89 0.37
Brookfield Infrastructure Finance ULC - 4.193 - 2028-09-11 CA11291ZAE75 0.37
METRO Inc. - 4.27 - 2047-12-04 CA59162NAG49 0.36
CASH - BASE CASH 0.28
Fairfax Financial Holdings Ltd. - 4.7 - 2026-12-16 CA303901AY83 0.27
Teranet Holdings L.P. - 3.646 - 2022-11-18 CA880789AP70 0.26

Management

Picture of Jean-Francois Giroux.
Jean-Francois Giroux Manulife Investment Management LP*
Investing since 2001
Picture of Sonia Chatigny.
Sonia Chatigny Manulife Investment Management LP*
Investing since 1996
Picture of Nadia Live.
Nadia Live Manulife Investment Management LP*
Investing since 1998
Picture of Nicholas Scipio del Camp.
Nicholas Scipio del Camp Manulife Investment Management LP*
Investing since 2005
Picture of Christina Somers.
Christina Somers Manulife Investment Management LP*
Investing since 2001