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QASH ETF · Mackenzie Canadian Ultra Short Bond Index ETF
The QASH Exchange Traded Fund (ETF) is provided by Mackenzie Investments. It is built to track an index: Solactive Canadian Ultra Short Bond Index. The QASH ETF provides physical exposure, so by buying it you actually own parts of all the 53 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofCash & Cash Plus1M perf.+2.12%
Last price
$50.10
1M perf.
+0.21%
1M flows
-€1.9M
AuM
€91M
E/R
0.17%
Rating
Not rated
ESG Consensus®
QASH
$50.10
Performance & flows
Segment for quartile rank
January 28, 2026 → April 28, 2026
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QASH
$50.10
+0.53%
Cash & Cash Plus
-0.33%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.21%  | +0.53%  | +2.80% | N/A | N/A | +0.19% | +0.19% | +0.74%  | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
554564104
ISIN
CA5545641048
AuM
€91M
E/R
0.17%
Replication rating
Not rated
ESG Consensus®
More details
NAV
4/28/2026
$50.10
1D NAV change
0.00%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
53
Inception date
11/20/2023
Jurisdiction
Canada
Distribution
Canada
Legal structure
Open-end Fund
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Canadian UltraShort Bond Index, or any successor thereto. It invests primarily in Canadian corporate and government liquid short debt instruments.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.53% | +2.80% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Canada
80.95%
USA
13.56%
United Kingdom
5.49%
Sectors
Banks
36.13%
Municipal
20.62%
Other financial institutions
18.78%
Education
6.86%
Insurance and reinsurance
6.85%
Motor vehicle production
2.78%
Real estate investment and services
1.32%
Food and beverage production
1.22%
Unavailable
2.77%
Other
2.67%
Diversification
Total weight of top 15 holdings out of 53
Top 15 holdings
Data as of March 31, 2026
Montreal, 2.75% 1sep2026, CAD
OPB Finance Trust, 2.98% 25jan2027, CAD (F)
University of Guelph, 2.25% 21jul2026, CAD
Barclays, 2.166% 23jun2027, CAD
CIBC, 1.96% 21apr2031, CAD
Bank of America Corporation, 1.978% 15sep2027, CAD (N)
Morgan Stanley, 1.779% 4aug2027, CAD (I)
MetLife Global Funding I, FRN 15jun2026, CAD (2023-8)
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CA06418Y6N32
CIBC, 4.9% 2apr2027, CAD
Toronto-Dominion Bank, 2.26% 7jan2027, CAD
Royal Bank of Canada, 4.256% 21dec2026, CAD (CB93)
Royal Bank of Canada, 5.235% 2nov2026, CAD
Bank of Nova Scotia, FRN 4aug2026, CAD
CIBC, FRN 15jul2026, CAD (7421)
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of February 27, 2026
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about QASH ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
QASH’s has a Final Sustainability Grade of either A+, A, or A-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
83.85% of holdings have positive scoring
16.15% of holdings have negative scoring
28.98%
26.58%
28.29%
11.63%
Consensus levels
Strong
Medium
Weak
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Not rated
1-year trailing difference
As of April 28, 2026
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QASH
N/A
Replication quality
Calculated over 12m, as of April 28, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Mackenzie Investments
Mackenzie Investments ID Card
Number of funds
63
Total AuM
€17.5B
Expense ratio range
0.04% - 0.9%
Average expense ratio
0.4174%
Top 5 funds by Mackenzie Investments
| AuM | ||
|---|---|---|
QUU | Mackenzie US Large Cap Equity Index ETF | €3.54B |
QCN | Mackenzie Canadian Equity Index ETF | €3.28B |
QDX | Mackenzie International Equity Index ETF | €953M |
MIQE | Mackenzie GQE International Equity ETF | €873M |
QBB | Mackenzie Canadian Aggregate Bond Index ETF | €854M |
Frequently asked questions about QASH
What does Mackenzie Canadian Ultra Short Bond Index ETF, QASH, invest in?
QASH is a Passive ETF. This ETF provides exposure to Canadian Investment Grade Aggregate Bonds.
Which benchmark or index does QASH replicate?
QASH tracks the Solactive Canadian Ultra Short Bond GTR Index - CAD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of QASH?
QASH carries a total expense ratio (TER) of 0.17%, indicating the annual cost for holding the fund.
When was QASH launched?
QASH was introduced to the market on November 20, 2023. It trades on Canada
Who is the ETF issuer of QASH?
Mackenzie Canadian Ultra Short Bond Index ETF, QASH, is provided by Mackenzie Investments. Learn more about Mackenzie Investments here.
What is the current assets under management (AUM) of QASH?
QASH oversees €91M in assets as of April 28, 2026.
How has QASH performed lately?
Based on data from April 28, 2026, QASH returned 0.21% over the past month, 0.53% over the last three months and 0.74% year-to-date.
What are the latest inflows or outflows for QASH?
As of April 28, 2026, QASH recorded net flows of -€1.8M over the last month and -€3.5M year-to-date.
Does QASH distribute dividends?
QASH follows a distributing dividend policy, meaning it pays out income to investors. As of April 28, 2026, its 12-month trailing yield was 3.65%.
What are the main country or region exposures of QASH?
As of March 31, 2026, QASH has significant geographic allocations in Canada, USA and United Kingdom.
In which sector or theme does QASH invest in?
As of March 31, 2026, QASH focuses largely on Banks, Municipal and Other financial institutions.
How many securities does QASH hold and how diversified is it?
As of March 31, 2026, QASH holds 53 positions in its portfolio, with 79.79% of assets concentrated in its top 15 holdings.
What are the main positions in QASH?
As of March 31, 2026, QASH top three holdings include Montreal, 2.75% 1sep2026, CAD, OPB Finance Trust, 2.98% 25jan2027, CAD (F) and University of Guelph, 2.25% 21jul2026, CAD.
What is the base currency of QASH?
The base currency of QASH is CAD.
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