Fund Portfolio – Mackenzie Maximum Diversification Developed Europe Index ETF | Mackenzie Investments
MEU

Mackenzie Maximum Diversification Developed Europe Index ETF

NAV:

(18/07/2019)
C$21.75

MARKET PRICE:

(18/07/2019)
C$21.74
Asset Class: Regional Equity

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Major Holdings (%) Help Top holdings by percentage

As of July 17, 2019
Major holdings represent 14.2% of the fund.
View all holdings
Total # of
Equity Holdings
369
Holding name, country and sector Percentage of holding in fund
AMARIN CORP PLC -ADR (AMRN)
1.5%
GENMAB A/S (GEN)
1.5%
NESTLE SA-REG (NESN)
1.5%
KERRY GROUP (KYG)
1.5%
ROCHE HOLDING AG-GENUSSCH (ROG)
1.5%
NESTE OYJ (NESTE)
1.4%
MOWI ASA (MOWI)
1.4%
NOVARTIS AG-REG (NOVN)
1.4%
CARREFOUR SA (CA)
1.3%
SES (SESG)
1.3%

Complete Fund Holdings Help Full holdings list

As of July 17, 2019
Holding Name Ticker Market Value CAD (000s) % of NAV
AMARIN CORP PLC -ADR AMRN 336 1.5%
GENMAB A/S GEN 327 1.5%
NESTLE SA-REG NESN 325 1.5%
KERRY GROUP KYG 319 1.5%
ROCHE HOLDING AG-GENUSSCH ROG 318 1.5%
NESTE OYJ NESTE 305 1.4%
MOWI ASA MOWI 303 1.4%
NOVARTIS AG-REG NOVN 300 1.4%
CARREFOUR SA CA 284 1.3%
SES SESG 278 1.3%
NOVO NORDISK A/S-B NOVOB 263 1.2%
ASTRAZENECA PLC AZN 259 1.2%
GLAXOSMITHKLINE PLC GSK 249 1.1%
PEARSON PLC PSON 249 1.1%
KONINKLIJKE AHOLD NV AD 248 1.1%
DIAGEO PLC DGE 246 1.1%
INGENICO GROUP ING 233 1.1%
UCB SA UCB 232 1.1%
TESCO PLC TSCO 227 1.0%
VESTAS WIND SYSTEMS A/S VWS 227 1.0%
ASCENDIS PHARMA A/S - ADR ASND 216 1.0%
SANOFI SAN 215 1.0%
MICRO FOCUS INTL B SHARE MCRO 213 1.0%
CHOCOLADEFABRIKEN LINDT-R LISN 212 1.0%
GW PHARMACEUTICALS PLC GWPH 210 1.0%
ATLANTIA SPA ATL 202 0.9%
ELEKTA AB EKTAB 194 0.9%
DEUTSCHE WOHNEN AG-BR DWNI 194 0.9%
GETLINK GET 193 0.9%
PANDORA A/S PNDORA 189 0.9%
UNILEVER NV UNIA 188 0.9%
FLUTTER ENTERTAINMENT PLC FLTR 181 0.8%
DECHRA PHARMACEUTICALS PL DPH 178 0.8%
EUTELSAT COMMUNICATIONS ETL 174 0.8%
JERONIMO MARTINS JMT 170 0.8%
UNILEVER PLC ULVR 169 0.8%
ANHEUSER-BUSCH INBEV SA/N ABI 165 0.8%
ORION OYJ-CLASS B ORNBV 163 0.7%
OSRAM LICHT AG OSR 163 0.7%
RECKITT BENCKISER GROUP P RB/ 161 0.7%
GLANBIA PLC GLB 157 0.7%
HENNES & MAURITZ AB-B SHS HMB 153 0.7%
COBHAM PLC COB 153 0.7%
AIB GROUP PLC AIBG 153 0.7%
"KESKO OYJ, CLASS" KESKOB 152 0.7%
NEXT PLC NXT 151 0.7%
METRO AG B4B 146 0.7%
UBI BANCA SPA UBI 146 0.7%
ADIDAS AG ADS 142 0.7%
TATE & LYLE PLC TATE 140 0.6%
CENTRICA PLC CNA 138 0.6%
ROYAL UNIBREW RBREW 138 0.6%
OCADO GROUP PLC OCDO 137 0.6%
PHILIPS LIGHTING NV LIGHT 136 0.6%
IG GROUP HOLDINGS PLC IGG 134 0.6%
COLOPLAST-B COLOB 127 0.6%
VANGUARD EUROPEAN ETF VGK 125 0.6%
DANONE BN 124 0.6%
LLOYDS BANKING GROUP PLC LLOY 123 0.6%
AXA SA CS 121 0.6%
HAMMERSON PLC HMSO 121 0.6%
H LUNDBECK A/S LUN 118 0.5%
ROYAL MAIL PLC RMG 118 0.5%
ICA GRUPPEN AB ICA 112 0.5%
HSBC HOLDINGS PLC HSBA 111 0.5%
COLRUYT SA COLR 108 0.5%
AMBU A/S-B AMBUB 108 0.5%
SUNRISE COMMUNICATIONS GR SRCG 107 0.5%
VONOVIA SE VNA 103 0.5%
COMPASS GROUP PLC CPG 103 0.5%
NATIONAL GRID PLC NG/ 102 0.5%
SIEMENS GAMESA RENEWABLE SGRE 96 0.4%
ANDRITZ AG ANDR 95 0.4%
GLENCORE PLC GLEN 95 0.4%
SAINSBURY (J) PLC SBRY 94 0.4%
RED ELECTRICA CORPORACION REE 91 0.4%
KINGSPAN GROUP KSP 91 0.4%
ARGENX SE ARGX 90 0.4%
ESSILORLUXOTTICA EL 90 0.4%
MUENCHENER RUECKVER AG-RE MUV2 89 0.4%
BANCO BILBAO VIZCAYA ARGE BBVA 89 0.4%
ANGLO AMERICAN PLC AAL 86 0.4%
PENNON GROUP PLC PNN 84 0.4%
INTESA SANPAOLO ISP 83 0.4%
RELX PLC REL 82 0.4%
INDUSTRIA DE DISENO TEXTI ITX 82 0.4%
ENEL SPA ENEL 81 0.4%
SODEXO SA SW 80 0.4%
ERSTE GROUP BANK AG EBS 80 0.4%
JUST EAT PLC JE/ 78 0.4%
NOVOZYMES A/S-B SHARES NZYMB 78 0.4%
CHOCOLADEFABRIKEN LINDT-P LISP 77 0.4%
AXEL SPRINGER SE SPR 74 0.3%
PERNOD RICARD SA RI 73 0.3%
ORANGE ORA 73 0.3%
KINGFISHER PLC KGF 71 0.3%
TELECOM ITALIA-RSP TITR 71 0.3%
NOKIA OYJ NOKIA 68 0.3%
SWISS RE AG SREN 68 0.3%
ZALANDO SE ZAL 68 0.3%
DANSKE BANK A/S DANSKE 67 0.3%
UNICREDIT SPA UCG 67 0.3%
SEVERN TRENT PLC SVT 66 0.3%
ORSTED A/S ORSTED 66 0.3%
VODAFONE GROUP PLC VOD 65 0.3%
ERICSSON LM-B SHS ERICB 63 0.3%
DEUTSCHE BOERSE AG DB1 63 0.3%
L'OREAL OR 63 0.3%
GREGGS PLC GRG 62 0.3%
BANKIA SA BKIA 60 0.3%
RUBIS RUI 60 0.3%
UNITED UTILITIES GROUP PL UU/ 59 0.3%
BAYERISCHE MOTOREN WERKE BMW 58 0.3%
FRESENIUS MEDICAL CARE AG FME 57 0.3%
NORDEA BANK ABP NDA 57 0.3%
E.ON SE EOAN 56 0.3%
BARCLAYS PLC BARC 56 0.3%
HERMES INTERNATIONAL RMS 55 0.3%
SBM OFFSHORE NV SBMO 55 0.3%
GIVAUDAN-REG GIVN 55 0.3%
EASYJET PLC EZJ 54 0.2%
CELLNEX TELECOM SAU CLNX 52 0.2%
MICHELIN (CGDE) ML 52 0.2%
HEINEKEN NV HEIA 51 0.2%
FRESENIUS SE & CO KGAA FRE 51 0.2%
AROUNDTOWN SA AT1 50 0.2%
ENDESA S.A. ELE 50 0.2%
DASSAULT SYSTEMES SA DSY 50 0.2%
PSP SWISS PROPERTY AG-REG PSPN 50 0.2%
VIVENDI VIV 49 0.2%
KONE OYJ-B KNEBV 49 0.2%
BT GROUP PLC BT/A 48 0.2%
WOLTERS KLUWER WKL 48 0.2%
DNB ASA DNB 47 0.2%
BANCO BPM SPA BAMI 47 0.2%
ESSITY AKTIEBOLAG-B ESSITYB 47 0.2%
ELISA OYJ ELISA 47 0.2%
AKZO NOBEL AKZA 47 0.2%
SMITH & NEPHEW PLC SN/ 46 0.2%
SOCIETE GENERALE SA GLE 46 0.2%
ZURICH INSURANCE GROUP AG ZURN 46 0.2%
ASSICURAZIONI GENERALI G 46 0.2%
ENGIE ENGI 45 0.2%
WIRECARD AG WDI 44 0.2%
HENKEL AG & CO KGAA VORZU HEN3 43 0.2%
HISCOX LTD HSX 43 0.2%
DSV A/S DSV 42 0.2%
GEBERIT AG-REG GEBN 42 0.2%
SWEDBANK AB - A SHARES SWEDA 42 0.2%
SIKA AG-BR SIKA 40 0.2%
SUEZ SEV 40 0.2%
MARKS & SPENCER GROUP PLC MKS 40 0.2%
DEUTSCHE LUFTHANSA-REG LHA 39 0.2%
RWE AG RWE 38 0.2%
CREDIT AGRICOLE SA ACA 37 0.2%
LEG IMMOBILIEN AG LEG 37 0.2%
FIAT CHRYSLER AUTOMOBILES FCA 36 0.2%
SIMCORP A/S SIM 36 0.2%
AENA SME SA AENA 35 0.2%
KONINKLIJKE KPN NV KPN 35 0.2%
CONTINENTAL AG CON 35 0.2%
SSE PLC SSE 35 0.2%
NATURGY ENERGY GROUP SA NTGY SM 34 0.2%
NORSK HYDRO ASA NHY 34 0.2%
PEUGEOT SA UG 34 0.2%
CARLSBERG AS-B CARLB 34 0.2%
EVOTEC SE EVT 33 0.2%
MERCK KGAA MRK 33 0.2%
TELENOR ASA TEL 32 0.1%
TAKEAWAY.COM NV TKWY 32 0.1%
TAG IMMOBILIEN AG TEG 32 0.1%
ROYAL BANK OF SCOTLAND GR RBS 32 0.1%
BEIERSDORF AG BEI 32 0.1%
INFORMA PLC INF 32 0.1%
FERROVIAL SA FER 31 0.1%
SWISSCOM AG-REG SCMN 30 0.1%
CHR HANSEN HOLDING A/S CHR 30 0.1%
NN GROUP NV NN 29 0.1%
SONOVA HOLDING AG SOON 29 0.1%
WPP PLC WPP 29 0.1%
VEOLIA ENVIRONNEMENT VIE 28 0.1%
SAMPO OYJ-A SHS SAMPO 28 0.1%
KBC GROEP NV KBC 27 0.1%
HIKMA PHARMACEUTICALS PLC HIK 27 0.1%
TELECOM ITALIA SPA TIT 27 0.1%
PUBLICIS GROUPE PUB 27 0.1%
OMV AG OMV 27 0.1%
CINEWORLD GROUP PLC CINE 27 0.1%
HEINEKEN HOLDING NV - A HEIO 26 0.1%
AGEAS AGS 26 0.1%
GN STORE NORD A/S GN 26 0.1%
G4S PLC GFS 25 0.1%
WHITBREAD PLC WTB 25 0.1%
SAGE GROUP PLC/THE SGE 25 0.1%
ASSOCIATED BRITISH FOODS ABF 25 0.1%
SNAM SPA SRG 25 0.1%
TELIA CO AB TELIA 25 0.1%
BANK OF IRELAND GROUP PLC BIRG 25 0.1%
ABN AMRO BANK NV ABN 25 0.1%
EDENRED EDEN 25 0.1%
SWEDISH ORPHAN BIOVITRUM SOBI 25 0.1%
SEGRO PLC SGRO 24 0.1%
CAIXABANK S.A CABK 24 0.1%
FORTUM OYJ FORTUM 23 0.1%
TELEFONICA S.A. TEF 23 0.1%
HENKEL KGAA HEN 23 0.1%
IPSEN IPN 23 0.1%
EQUINOR ASA EQNR 23 0.1%
GRIFOLS SA GRF 22 0.1%
TERNA SPA TRN 22 0.1%
STANDARD LIFE ABERDEEN PL SLA 22 0.1%
SCOR SE SCR 22 0.1%
BUNZL PLC BNZL 22 0.1%
INTERTEK GROUP PLC ITRK 22 0.1%
INTL CONSOLIDATED AIRLINE IAG 22 0.1%
MEDIOBANCA SPA MB 22 0.1%
BURBERRY GROUP PLC BRBY 21 0.1%
EPIROC AB-A EPIA 20 0.1%
KUEHNE & NAGEL INTL AG-RE KNIN 20 0.1%
PROSIEBENSAT.1 MEDIA SE PSM 19 0.1%
EDP-ENERGIAS DE PORTUGAL EDP 19 0.1%
BARRATT DEVELOPMENTS PLC BDEV 19 0.1%
UBISOFT ENTERTAINMENT UBI 19 0.1%
KLEPIERRE LI 19 0.1%
SKANDINAVISKA ENSKILDA BA SEBA 19 0.1%
ILIAD SA ILD 19 0.1%
GECINA SA GFC 19 0.1%
GALP ENERGIA SGPS SA GALP 19 0.1%
PERSIMMON PLC PSN 19 0.1%
SMURFIT KAPPA GROUP PLC SKG 18 0.1%
RENTOKIL INITIAL PLC RTO 18 0.1%
BARRY CALLEBAUT AG-REG BARN 18 0.1%
SKANSKA AB-B SHS SKAB 18 0.1%
AP MOLLER-MAERSK A/S-B MAERSKB 18 0.1%
BANCO DE SABADELL SA SAB 18 0.1%
DAVIDE CAMPARI-MILANO SPA CPR 18 0.1%
RSA INSURANCE GROUP PLC RSA 18 0.1%
LAND SECURITIES GROUP PLC LAND 18 0.1%
GALAPAGOS NV GLPG 17 0.1%
CARNIVAL PLC CCL 17 0.1%
HUGO BOSS AG -ORD BOSS 17 0.1%
EDF EDF 17 0.1%
HANNOVER RUECK SE HNR1 17 0.1%
TAYLOR WIMPEY PLC TW/ 16 0.1%
COCA-COLA HBC AG-DI CCH 16 0.1%
ORKLA ASA ORK 16 0.1%
SWISS PRIME SITE AG SPSN 16 0.1%
MONCLER SPA MONC 16 0.1%
DEUTSCHE BANK AG-REGISTER DBK 16 0.1%
THYSSENKRUPP AG TKA 15 0.1%
SVENSKA HANDELSBANKEN-A S SHBA 15 0.1%
ADMIRAL GROUP PLC ADM 15 0.1%
TELE2 AB-B SHS TEL2B 15 0.1%
VALEO SA FR 15 0.1%
AUTO TRADER GROUP PLC AUTO 15 0.1%
ADP ADP 15 0.1%
WM MORRISON SUPERMARKETS MRW 14 0.1%
GRIFOLS SA - B GRF/P 14 0.1%
BRITISH LAND CO PLC BLND 14 0.1%
DIRECT LINE INSURANCE GRO DLG 14 0.1%
BERKELEY GROUP HOLDINGS/T BKG 14 0.1%
RIGHTMOVE PLC RMV 14 0.1%
ASR NEDERLAND NV ASRNL 14 0.1%
UMICORE UMI 14 0.1%
ISS A/S ISS 13 0.1%
DELIVERY HERO SE DHER 13 0.1%
SEB SA SK 13 0.1%
CIE FINANCIERE RICHEMONT- CFR 12 0.1%
POSTE ITALIANE SPA PST 12 0.1%
ENAGAS SA ENG 12 0.1%
EUROFINS SCIENTIFIC ERF 12 0.1%
BANKINTER SA BKT 11 0.1%
COVIVIO COV 11 0.1%
LONDON STOCK EXCHANGE GRO LSE 11 0.0%
EMS-CHEMIE HOLDING AG-REG EMSN 11 0.0%
CASTELLUM AB CAST 11 0.0%
GVC HOLDINGS PLC GVC 11 0.0%
BELLWAY PLC BWY 11 0.0%
WOOD GROUP (JOHN) PLC WG/ 10 0.0%
CARL ZEISS MEDITEC AG - B AFX 10 0.0%
TUI AG-DI TUI 10 0.0%
HOCHTIEF AG HOT 10 0.0%
HELVETIA HOLDING AG-REG HELN SW 10 0.0%
EURONEXT NV ENX 10 0.0%
HOMESERVE PLC HSV 10 0.0%
GEA GROUP AG G1A 10 0.0%
PROXIMUS PROX 10 0.0%
FABEGE AB FABG 10 0.0%
GJENSIDIGE FORSIKRING ASA GJF 10 0.0%
BOLLORE SA BOL 10 0.0%
TRAVIS PERKINS PLC TPK 10 0.0%
SPECTRIS PLC SXS 10 0.0%
ANTOFAGASTA PLC ANTO 9 0.0%
NOKIAN RENKAAT OYJ TYRESH 9 0.0%
DEUTSCHE POST AG DPW 9 0.0%
B&M EUROPEAN VALUE RETAIL BME 9 0.0%
TRYG A/S TRYG 9 0.0%
SARTORIUS STEDIM BIOTECH DIM 9 0.0%
HOWDEN JOINERY GROUP PLC HWDN 9 0.0%
ELIS SA ELIS 9 0.0%
HUHTAMAKI OYJ HUH1V 9 0.0%
EPIROC AB-B EPIB 9 0.0%
BAYERISCHE MOTOREN WERKE- BMW3 9 0.0%
SSP GROUP PLC SSPG 9 0.0%
VERBUND AG VER 9 0.0%
A P MOLLER - MAERSK A/S MAERSKA 9 0.0%
CYBG PLC CYBG 9 0.0%
TOMRA SYSTEMS ASA TOM 9 0.0%
FLUGHAFEN ZUERICH AG-REG FHZN 8 0.0%
BIOMERIEUX BIM 8 0.0%
AAK AB AAK 8 0.0%
BRENNTAG AG BNR 8 0.0%
FASTIGHETS AB BALDER-B SH BALDB 8 0.0%
RAIFFEISEN BANK INTERNATI RBI 8 0.0%
CNP ASSURANCES CNP 8 0.0%
UNIPER SE UN01 8 0.0%
KONINKLIJKE VOPAK NV VPK 8 0.0%
VOESTALPINE AG VOE 8 0.0%
ITALGAS SPA IG 8 0.0%
JD SPORTS FASHION PLC JD/ 8 0.0%
REMY COINTREAU RCO 8 0.0%
TELEPERFORMANCE TEP 8 0.0%
EIFFAGE FGR 8 0.0%
FRAPORT AG FRANKFURT AIRP FRA 7 0.0%
LAGARDERE SCA MMB 7 0.0%
INCHCAPE PLC INCH 7 0.0%
DEMANT A/S DEMANT 7 0.0%
VALMET CORP VALMT 7 0.0%
DASSAULT AVIATION SA AM 7 0.0%
MAPFRE SA MAP 7 0.0%
BRITVIC PLC BVIC 7 0.0%
TENARIS SA TEN 7 0.0%
FINECOBANK SPA FBK 7 0.0%
GRENKE AG GLJ 7 0.0%
HUSQVARNA AB-B SHS HUSQB 7 0.0%
FUCHS PETROLUB SE -PREF FPE3 7 0.0%
WIENERBERGER AG WIE 7 0.0%
FREENET AG FNTN 6 0.0%
SCHIBSTED ASA-B SHS SCHB 6 0.0%
VOLKSWAGEN AG VOW 6 0.0%
AEGON NV AGN 6 0.0%
ACCOR SA AC 6 0.0%
CAPITAL & COUNTIES PROPER CAPC 6 0.0%
ELECTROLUX AB-SER B ELUXB 5 0.0%
K+S AG SDF 4 0.0%
BBA GROUP PLC BBA 4 0.0%
COMMERZBANK AG CBK 3 0.0%
TOTAL SA FP 3 0.0%
NOVO-NORDISK A/S-SPONS AD NVO 3 0.0%
ANHEUSER-BUSCH INBEV-SPN BUD 1 0.0%
VOLKSWAGEN AG-PREF VOW3 1 0.0%
DNB ASA-SPONSOR ADR DNHBY 1 0.0%
ORANGE-SPON ADR ORAN 0 0.0%
SGS HOLDING SGSN 0 0.0%
INNOGY SE IGY 0 0.0%
MARINE HARVEST ASA- SPON MHGVY 0 0.0%
COVESTRO AG 1COV 0 0.0%
ICADE ICAD 0 0.0%
KERING KER 0 0.0%
CARLSBERG AS-B-SPON ADR CABGY 0 0.0%
BAYER AG-REG BAYN 0 0.0%
VINCI SA DG 0 0.0%
SILTRONIC AG WAF 0 0.0%
STATOIL ASA-SPON ADR EQNR 0 0.0%
SODEXO-SPONSORED ADR SDXAY 0 0.0%
PUMA SE PUM 0 0.0%
TDC AS TDC 0 0.0%
CHR HANSEN HOLDING -SPON CHYHY 0 0.0%
DCC PLC DCC 0 0.0%
Cash, Cash Equivalents & Other 38 0.2%
Total Net Assets -- 21,751 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of June 30, 2019
  • Regional Allocation
      United Kingdom
    27.8%
      France
    11.8%
      Denmark
    9.8%
      Switzerland
    8.8%
      Germany
    8.7%
      Ireland
    4.3%
      Finland
    4.2%
      Italy
    4.0%
      Netherlands
    3.9%
      Other
    15.7%
      Cash & Equivalents
    1.0%
  • Sector Allocation
      Consumer Staples 21.8%
      Health Care 20.1%
      Financials 11.2%
      Industrials 10.4%
      Consumer Discretionary 10.2%
      Communication Services 7.9%
      Utilities 5.4%
      Information Technology 3.7%
      Real Estate 3.4%
      Materials 2.7%
      Energy 2.2%
      Cash & Equivalents 1.0%

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).

TOBAM Maximum Diversification Developed Europe Index data © 2017, TOBAM S.A.S. All rights reserved. “TOBAM” and “Diversification Ratio” are registered trademarks and service marks of TOBAM S.A.S. or its affiliates (“TOBAM”) and are used under license for certain purposes by Mackenzie Financial Corporation. Reproduction of the TOBAM data and information in any form is prohibited except with the prior written permission of TOBAM S.A.S. Mackenzie Maximum Diversification ETFs are not sponsored, endorsed, sold or promoted by TOBAM and TOBAM makes no representation regarding the advisability of investing in such fund. TOBAM does not guarantee the accuracy or completeness of any data and information and is not responsible for any error or omission or for the results obtained from the use of such data and information. TOBAM GIVES NO EXPRESS OR IMPLIED WARRANTY, INCLUDING, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

Solactive AG is the third-party calculation agent of the TOBAM Maximum Diversification Developed Europe Index and received compensation in that capacity. Solactive AG does not sponsor, endorse, sell, or promote any investment vehicle that is offered by any third party that seeks to provide an investment return based on the performance of any index. It is not possible to invest directly in an index.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investment funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Index performance does not include the impact of fees, commissions, and expenses that would be payable by investors in the investment products that seek to track an index.

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or asset allocation service or returns on investment in the investment fund or from the use of the asset allocation service.

* The TOBAM Maximum Diversification Europe Index is designed to measure the performance of large and mid capitalization equity securities of developed European markets selected and weighted to enhance diversification. On February 28, 2019, this ETF began to track a version of this index which is calculated net of withholding taxes. Index inception date: February 28, 2019.

Inception date is the date when the ETF is listed.

The Fund’s net asset value or “NAV” is determined by calculating the aggregate of the value of the Fund’s assets less its liabilities on a particular date.

The Fund’s market price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which units of the Fund are listed for trading at market close.

The NAV return is based on the NAV of the Fund per unit and the market return is based on the market price of the Fund per unit.