Asset Class Global Equity

MWD

Mackenzie Maximum Diversification All World Developed Index ETF

Why invest in this fund?

  • MWD seeks to increase diversification to reduce biases and enhance risk-adjusted returns.
  •  Enhances diversification in global markets to reduce sector concentration, help protect value and give 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$0.05 | 0.16% | 12.09%

Net Assets

Dec 3, 2020

C$410,770,258

Units Outstanding

Dec 3, 2020

14,600,000

Risk Tolerance

Med

Fund Risk Measures

(3 years) | (Oct 31, 2020)

  • Annualized Standard Deviation

    11.380

  • Sharpe Ratio

    0.540

Management Fee | MER

Mar 31, 2020

0.50% | 0.55%

Index*

TOBAM Maximum Diversification All World Developed Index

NAV

C$28.13 | C$19.99

Inception Date

Sep 7, 2016

Management Style

Strategic Beta

Eligible for Registered Plans

Yes

CUSIP

55453N105

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

Rebalance Frequency

Quarterly

ETF Characteristics

P/E Ratio (Oct 31, 2020)

20.19x

P/B Ratio (Oct 31, 2020)

2.69x

Trailing 12 - Month Yield (Oct 31, 2020)

1.49%

Distribution Yield (Oct 31, 2020)

1.17%

Last Paid Distribution (Sep 29, 2020)

C$0.076

Record Date

Sep 22, 2020

Distribution Frequency

Quarterly

Commentary

Performance

On February 28, 2019 this ETF began to track a version of TOBAM Maximum Diversification All World Developed 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).