Mackenzie Financial Corp - Mackenzie Unconstrained Bond 

This actively managed ETF aims to offer investors broad international exposure through a diverse portfolio of government and corporate debt instruments. Beyond conventional bonds, its holdings can extend to asset-backed securities, preferred shares, and variable-rate debt. It has the flexibility to invest across the entire credit spectrum, from high-quality investment-grade assets to higher-yielding, lower-rated securities. The primary objective is to generate positive returns throughout a full economic cycle, without being constrained by a specific market benchmark. This is accomplished through a value-oriented, credit-focused investment approach, allowing for security selection based on credit quality, maturity, structural features, industry sector, currency, and geographic region. To manage overall volatility and primarily mitigate potential losses, the fund may employ derivative instruments.