CDEF.TO
Manulife Smart Defensive Equity ETF
Canadian
EQUITY
Active
MANAGEMENT STYLE
$ 3.6 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Inception date | Nov 10, 2021 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CENOVUS ENERGY INC | 3.9 % |
| IMPERIAL OIL LTD | 3.2 % |
| NATIONAL BANK OF CANADA | 2.9 % |
| CAN IMPERIAL BK OF COMMERCE | 2.9 % |
| GREAT-WEST LIFECO INC | 2.9 % |
| TRANSCANADA CORP | 2.8 % |
| CANADIAN PACIFIC KANSAS CITY LTD | 2.8 % |
| ENBRIDGE INC | 2.8 % |
| TORONTO-DOMINION BANK | 2.7 % |
| SUN LIFE FINANCIAL INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 67 |
| Herfindahl-Hirschman Index | 210 |
| Wgt avg mkt cap (mns) | $48,142 |
| Large cap (>$10bn) | 89.5% |
| Mid cap ($2-10bn) | 8.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 97.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.1% | 19.0% | 19.6% | 15.9% | -- | -- | -- | 8.6% |
| Dividend Yield | 0.0% | 3.0% | 3.2% | 3.1% | -- | -- | -- | 2.5% |
| Total Returns | 9.1% | 22.1% | 22.8% | 19.0% | -- | -- | -- | 11.1% | Ann. Volatility | 12.0% | 9.2% | 10.2% | 10.1% | -- | -- | -- | 9.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.09 | 1% |
| MSCI EAFE | 0.08 | 2% |
| MSCI Emg Mkts | 0.07 | 2% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $14.17 |
| Relative strength (RSI) | 77 |
| MACD/Signal | 0.17/0.15 |
| Bollinger Bands (Upper/Lower) | $14.77/$13.74 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CDEF.TO |
Expenses vs. CDEF.TO |
ALTAR Score™ vs. CDEF.TO |
|---|---|---|---|---|
| XMV.TO | iShares MSCI Min Vol Canada Index ETF | 72.5% | +8 bp | +0.3% |
| MCLV.TO | Mackenzie GQE Canada Low Volatility ETF | 63.6% | +26 bp | +0.2% |
| TCLV.TO | TD Q Canadian Low Volatility ETF | 59.8% | +5 bp | +0.3% |
| EQLT.TO | Invesco S&P/TSX 60 Equal Weight Index ETF | 57.6% | 0 bp | +0.5% |
| MCLC.TO | Manulife Multifactor Canadian Large Cap Index ETF | 56.1% | +10 bp | 0.0% |
| VCE.TO | Vanguard FTSE Canada Index ETF | 55.5% | -20 bp | -0.1% |
| ZLB.TO | BMO Low Volatility Canadian Equity ETF | 54.5% | +10 bp | +0.7% |
| QCE.TO | Mackenzie Canadian Large Cap Equity Index ETF | 53.4% | -21 bp | -0.3% |
| XIU.TO | iShares S&P/TSX 60 Index ETF | 53.3% | -10 bp | -0.2% |
| ZIU.TO | BMO S&P/TSX 60 Index ETF | 52.7% | -12 bp | -0.2% |
Risk and Returns: CDEF.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
5.9%
ALTAR SCORE™
48th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. CDEF.TO's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places CDEF.TO in the 48th percentile
among funds in the category.
Sell-Side Consensus
$15.62
PRICE TARGET
+6.7%
UPSIDE