Asset Class Regional Equity

MEU

Mackenzie Maximum Diversification Developed Europe Index ETF

Why invest in this fund?

  • MEU seeks to increase diversification to reduce biases and enhance risk-adjusted returns.
  • Enhances diversification in European equity markets to avoid concentration, protect value and maintain exposure to all sources of potential future return.
  • Mackenzie Investments now offers TOBAM’s proven, award-winning diversification methodology to all Canadian retail investors.

Key Facts

NAV Changes $ | % | YTD

C$0.04 | 0.20% | 5.36%

Net Assets

Jan 25, 2023

C$10,699,383

Units Outstanding

Jan 25, 2023

500,000

Risk Tolerance

Med

Fund Risk Measures

(3 years) | (Dec 31, 2022)

  • Annualized Standard Deviation

    15.190

  • Sharpe Ratio

    -0.130

Management Fee | MER

Sep 30, 2022

0.50% | 0.56%

Index*

TOBAM Maximum Diversification Developed Europe Index

NAV

C$23.36 | C$17.17

Inception Date

Sep 7, 2016

Management Style

Strategic Beta

Eligible for Registered Plans

Yes

CUSIP

55453P100

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

Rebalance Frequency

Quarterly

ETF Characteristics

P/E Ratio (Dec 31, 2022)

14.28x

P/B Ratio (Dec 31, 2022)

1.69x

Trailing 12 - Month Yield (Dec 31, 2022)

2.01%

Distribution Yield (Dec 31, 2022)

1.25%

Last Paid Distribution (Dec 29, 2022)

C$0.064

Record Date

Dec 20, 2022

Distribution Frequency

Quarterly

Performance

Portfolio

Maturity

Historical Data

Index Provider

TOBAM

Mackenzie Maximum Diversification Index ETFs are based on TOBAM Maximum Diversification Index Series created by TOBAM S.A.S.

TOBAM is a Paris-based index provider and institutional asset manager with AUM of US$8B (31/12/15).