Asset Class US Equity

MUS

Mackenzie Maximum Diversification US Index ETF

Why invest in this fund?

  • Seeks to increase diversification to reduce biases and enhance risk adjusted returns.
  • Enhances diversification in a US market that historically has a cycle of risk concentrations.
  • A proven award-winning diversification methodology exclusively available through mutual funds and ETFs to all retail investors in Canada.

Key Facts

NAV Changes $ | % | YTD

C$-0.30 | -0.97% | 8.18%

Net Assets

Aug 5, 2020

C$114,351,316

Units Outstanding

Aug 5, 2020

3,700,000

Risk Tolerance

Low-Med

Fund Risk Measures

(3 years) | (Jun 30, 2020)

  • Annualized Standard Deviation

    13.260

  • Sharpe Ratio

    0.720

Management Fee | MER

Sep 30, 2019

0.45% | 0.50%

Index*

TOBAM Maximum Diversification USA Index

NAV

C$31.21 | C$22.23

Inception Date

Jun 21, 2016

Management Style

Strategic Beta

Eligible for Registered Plans

Yes

CUSIP

55453M107

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

Rebalance Frequency

Quarterly

ETF Characteristics

P/E Ratio (Jun 30, 2020)

19.82x

P/B Ratio (Jun 30, 2020)

3.41x

Trailing 12 - Month Yield (Jun 30, 2020)

1.81%

Distribution Yield (Jun 30, 2020)

1.34%

Last Paid Distribution (Jun 30, 2020)

C$0.098

Record Date

Jun 23, 2020

Distribution Frequency

Quarterly

Commentary

Performance

On February 28, 2019 this ETF began to track a version of TOBAM Maximum Diversification USA Index which is calculated net of withholding taxes. 

Index Inception Date: February 28, 2019

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).