MDEF.TO
Mackenzie Defensive Tilt ETF
US
EQUITY
Active
MANAGEMENT STYLE
$ 2.0 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Inception date | Sep 03, 2025 |
| 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
| APPLE INC | 6.3 % |
| JOHNSON & JOHNSON | 4.8 % |
| WAL-MART STORES INC | 4.5 % |
| COCA-COLA CO/THE | 3.4 % |
| PROCTER & GAMBLE CO/THE | 2.8 % |
| JPMORGAN CHASE & CO | 2.2 % |
| ABBVIE INC | 2.1 % |
| COSTCO WHOLESALE CORP | 1.6 % |
| MCDONALD'S CORP | 1.5 % |
| VISA INC. CLASS A | 1.5 % |
Constituent Breakdown
| Number of holdings | 232 |
| Herfindahl-Hirschman Index | 157 |
| Wgt avg mkt cap (mns) | $464,010 |
| Large cap (>$10bn) | 96.3% |
| Mid cap ($2-10bn) | 1.9% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 98.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 95.2 % |
 |
IRELAND | 2.3 % |
 |
BRITAIN | 1.1 % |
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 | 0.8% | -- | -- | -- | -- | -- | -- | -1.4% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.6% |
| Total Returns | 0.8% | -- | -- | -- | -- | -- | -- | -0.7% | Ann. Volatility | 11.2% | -- | -- | -- | -- | -- | -- | 10.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
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) | $19.95 |
| Relative strength (RSI) | 37 |
| MACD/Signal | -0.03/-0.04 |
| Bollinger Bands (Upper/Lower) | $19.91/$19.91 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MDEF.TO |
Expenses vs. MDEF.TO |
ALTAR Score™ vs. MDEF.TO |
|---|---|---|---|---|
| UDEF.TO | Manulife Smart U.S. Defensive Equity ETF | 42.4% | -22 bp | 0.0% |
| XDU.TO | iShares Core MSCI US Quality Dividend Index ETF | 39.5% | -39 bp | +1.1% |
| VUDV.TO | Vanguard U.S. High Dividend Yield Index ETF | 39.4% | -27 bp | +0.3% |
| XMU.TO | iShares MSCI Min Vol USA Index ETF | 39.4% | -22 bp | -0.2% |
| XSPC.TO | iShares S&P 500 3% Capped Index ETF (CAD-Hedged) | 37.3% | -43 bp | -0.9% |
| TPU.TO | TD U.S. Equity Index ETF | 37.2% | -49 bp | -1.3% |
| CVLU.TO | CI U.S. Enhanced Value Index Fund | 37.2% | -25 bp | +0.5% |
| XUSC.TO | iShares S&P 500 3% Capped Index ETF | 36.7% | -43 bp | -1.1% |
| TULV.TO | TD Q U.S. Low Volatility ETF | 35.7% | -25 bp | +0.1% |
| DGR.TO | CI U.S. Quality Dividend Growth Index ETF | 35.2% | -20 bp | -1.5% |
Risk and Returns: MDEF.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™
61st
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. MDEF.TO's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places MDEF.TO in the 61st percentile
among funds in the category.
Sell-Side Consensus
$22.92
PRICE TARGET
+15.1%
UPSIDE