Key stats
About Mackenzie Canadian High Dividend Yield ETF Trust Units
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Inception date
Sep 3, 2025
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Mackenzie Financial Corp.
ISIN
CA5545631064
The fund invests in a portfolio of Canadian equity securities and ETFs with above-average dividend yields. It employs a systematic, rules-based strategy that evaluates dividend yield, momentum, quality, and volatility to select securities. To enhance income, the fund writes put and call options based on market volatility, generating premiums while allowing the purchase of securities at discounted prices or hedging of existing positions. Additionally, it uses derivatives such as swaps, futures, and forwards to manage risk and optimize returns. The fund may employ leverage through borrowing, up to 50% of net asset value, and derivatives. The total leverage exposure is generally kept below 200% but allowed up to 300%. The strategy integrates ESG considerations by favoring companies with improving sustainability risk profiles, reducing exposure to high-controversy securities. During unfavorable market conditions, the fund may hold cash or short-term debt securities.
Related funds
Classification
What's in the fund
Exposure type
Finance
Energy Minerals
Government
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MHDC trades at 21.85 CAD today, its price has risen 0.46% in the past 24 hours. Track more dynamics on MHDC price chart.
MHDC net asset value is 21.81 today — it's risen 3.85% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MHDC assets under management is 4.36 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MHDC fund flows account for 2.00 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MHDC invests in stocks. See more details in our Analysis section.
Yes, MHDC is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, MHDC pays dividends to its holders with the dividend yield of 3.63%.
MHDC trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MHDC shares are issued by Power Corp. of Canada
MHDC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 3, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.