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QSB ETF · Mackenzie Canadian Short-Term Bond Index ETF
The QSB Exchange Traded Fund (ETF) is provided by Mackenzie Investments. It is built to track an index: Solactive Canadian Select Short Term Bond Index. The QSB ETF provides physical exposure, so by buying it you actually own parts of all the 233 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 1:30 PM UTC
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This fund is part ofInternational Aggregate Bonds1M perf.-2.59%
Last price
$99.53
1M perf.
-0.66%
1M flows
+€2.5M
AuM
€39M
E/R
0.09%
Rating
ESG Consensus®
QSB
$99.53
Performance & flows
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December 12, 2025 → March 12, 2026
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QSB
$99.48
+0.37%
International Aggregate Bonds
-0.25%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.66%  | +0.36%  | +2.58%  | +12.83% | +10.13% | -1.02% | +0.10% | +0.10%  | |
| 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
55453K101
ISIN
CA55453K1012
AuM
€39M
E/R
0.09%
Replication rating
ESG Consensus®
More details
NAV
3/12/2026
$99.48
1D NAV change
-0.21%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
233
Inception date
1/29/2018
Jurisdiction
Canada
Distribution
Canada
Legal structure
Open-end Investment Trust
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Solactive Canadian Select Short Term Bond Index
Asset class
Factors
N/A
Investment strategy
Mackenzie Canadian Short-Term Bond Index ETF is an exchange-traded fund incorporated in Canada. The fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Canadian Short Term Bond Index, or any successor thereto. It invests primarily in Canadian investment grade bonds.
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 | +0.36% | +2.58% | +12.83% | +10.13% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Learn more about Trackinsight EnterpriseExposure
Countries
Canada
97.66%
USA
2.24%
Other
0.12%
Sectors
Sovereign
29.97%
Municipal
16.97%
Banks
13.38%
Government agencies
9.30%
Financial markets
4.28%
Real estate investment and services
2.65%
Communication services
2.40%
Power
2.37%
Unavailable
8.30%
Other
10.37%
Diversification
Total weight of top 15 holdings out of 233
Top 15 holdings
Data as of January 31, 2026
Canada, Bond 1.25 1jun2030 10Y
CA13509PKH50
Canada, Bond 1.25 1mar2027 5Y
Canada, Bonds 3.5% 1mar2028, CAD
CMHC, 2.35% 15jun2027, CAD (77)
Canada, Bonds 3.5% 1sep2029, CAD
Canada Housing Trust, 3.1% 15jun2028, CAD (113)
Canada, Bond 1 1jun2027 10Y
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Canada, Bond 5.75 1jun2029 30Y
Canada, Bonds 2.75% 1may2027, CAD
Canada, Bonds 2.75% 1mar2030, CAD
Canada, Bonds 2.75% 1sep2027, CAD
Canada, Bonds 4% 1mar2029, CAD
Canada, Bond 0.5 1oct2030 10Y
Province of Quebec, 2.75% 1sep2028, CAD (B124)
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about QSB 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.
QSB’s has a Final Sustainability Grade of either B+, B, or B-.
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
92.03% of holdings have positive scoring
7.96% of holdings have negative scoring
62.65%
16.64%
12.74%
5.87%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Solactive Canadian Select Short Term Bond Index - CAD
Index ticker
SOLHSB Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Mackenzie Investments
Mackenzie Investments ID Card
Number of funds
63
Total AuM
€16.43B
Expense ratio range
0.04% - 0.9%
Average expense ratio
0.4174%
Top 5 funds by Mackenzie Investments
Frequently asked questions about QSB
What does Mackenzie Canadian Short-Term Bond Index ETF, QSB, invest in?
QSB is a Passive ETF. This ETF provides exposure to Canadian Investment Grade Aggregate Bonds.
Which benchmark or index does QSB replicate?
QSB tracks the Solactive Canadian Select Short Term Bond Index - CAD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of QSB?
QSB carries a total expense ratio (TER) of 0.09%, indicating the annual cost for holding the fund.
When was QSB launched?
QSB was introduced to the market on January 29, 2018. It trades on Canada
Who is the ETF issuer of QSB?
Mackenzie Canadian Short-Term Bond Index ETF, QSB, is provided by Mackenzie Investments. Learn more about Mackenzie Investments here.
What is the current assets under management (AUM) of QSB?
QSB oversees €39M in assets as of March 12, 2026.
How has QSB performed lately?
Based on data from March 12, 2026, QSB returned -0.66% over the past month, 0.36% over the last three months and 0.10% year-to-date.
What are the latest inflows or outflows for QSB?
As of March 12, 2026, QSB recorded net flows of +€2.5M over the last month and +€7.4M year-to-date.
Does QSB distribute dividends?
QSB follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 2.93%.
What are the main country or region exposures of QSB?
As of January 31, 2026, QSB has significant geographic allocations in Canada and USA.
In which sector or theme does QSB invest in?
As of January 31, 2026, QSB focuses largely on Sovereign, Municipal and Banks.
How many securities does QSB hold and how diversified is it?
As of January 31, 2026, QSB holds 233 positions in its portfolio, with 37.86% of assets concentrated in its top 15 holdings.
What are the main positions in QSB?
As of January 31, 2026, QSB top three holdings include Canada, Bond 1.25 1jun2030 10Y, CA13509PKH50 and Canada, Bond 1.25 1mar2027 5Y.
What is the base currency of QSB?
The base currency of QSB is CAD.
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