UDEF.TO
Manulife Smart U.S. Defensive Equity ETF
US
EQUITY
Active
MANAGEMENT STYLE
$ 8.7 M
ASSETS UNDER MGMT
33 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
| CISCO SYSTEMS INC | 2.7 % |
| APPLIED MATERIALS INC | 2.7 % |
| ANALOG DEVICES INC | 2.5 % |
| ALPHABET INC. CLASS A | 2.4 % |
| APPLE INC | 2.1 % |
| FORTINET INC | 2.1 % |
| TEXAS INSTRUMENTS INC | 2.1 % |
| MICROSOFT CORP | 2.1 % |
| BLACKROCK INC | 2.0 % |
| QUALCOMM INC | 2.0 % |
Constituent Breakdown
| Number of holdings | 173 |
| Herfindahl-Hirschman Index | 117 |
| Wgt avg mkt cap (mns) | $445,612 |
| Large cap (>$10bn) | 98.4% |
| Mid cap ($2-10bn) | 0.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 95.0 % |
 |
IRELAND | 1.6 % |
 |
BRITAIN | 1.1 % |
 |
SWITZERLAND | 0.7 % |
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 | 3.4% | 8.6% | 9.5% | 9.8% | -- | -- | -- | 1.9% |
| Dividend Yield | 0.0% | 1.4% | 1.5% | 1.8% | -- | -- | -- | 1.3% |
| Total Returns | 3.4% | 10.0% | 11.1% | 11.6% | -- | -- | -- | 3.3% | Ann. Volatility | 7.4% | 5.9% | 6.1% | 6.6% | -- | -- | -- | 8.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.01 | 0% |
| MSCI EAFE | -0.01 | 0% |
| MSCI Emg Mkts | -0.01 | 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) | $11.01 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.02/-0.02 |
| Bollinger Bands (Upper/Lower) | $11.07/$10.90 |
| 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. UDEF.TO |
Expenses vs. UDEF.TO |
ALTAR Score™ vs. UDEF.TO |
|---|---|---|---|---|
| XMU.TO | iShares MSCI Min Vol USA Index ETF | 45.5% | 0 bp | -0.2% |
| XSPC.TO | iShares S&P 500 3% Capped Index ETF (CAD-Hedged) | 43.1% | -21 bp | -0.9% |
| XUSC.TO | iShares S&P 500 3% Capped Index ETF | 42.8% | -21 bp | -1.1% |
| MDEF.TO | Mackenzie Defensive Tilt ETF | 42.4% | +22 bp | +0.0% |
| CVLU.TO | CI U.S. Enhanced Value Index Fund | 42.1% | -3 bp | +0.6% |
| ZUQ.TO | BMO MSCI USA High Quality Index ETF | 40.9% | -3 bp | -1.3% |
| TPU.TO | TD U.S. Equity Index ETF | 40.3% | -27 bp | -1.3% |
| MULV.TO | Mackenzie GQE US Low Volatility ETF | 39.9% | +12 bp | +0.1% |
| XDU.TO | iShares Core MSCI US Quality Dividend Index ETF | 39.0% | -17 bp | +1.2% |
| ZSP.TO | BMO S&P 500 Index ETF | 38.5% | -25 bp | -1.3% |
Risk and Returns: UDEF.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
5.8%
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%. UDEF.TO's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places UDEF.TO in the 61st percentile
among funds in the category.
Sell-Side Consensus
$12.13
PRICE TARGET
+10.5%
UPSIDE