MACKENZIE MAX DIVER CANADA IDX ETF UNITS(CAD)MACKENZIE MAX DIVER CANADA IDX ETF UNITS(CAD)MACKENZIE MAX DIVER CANADA IDX ETF UNITS(CAD)

MACKENZIE MAX DIVER CANADA IDX ETF UNITS(CAD)

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Key stats

Assets under management (AUM)
‪425.89 M‬CAD
Fund flows (1Y)
‪−85.77 M‬CAD
Dividend yield (indicated)
1.75%
Discount/Premium to NAV
−0.3%

About MACKENZIE MAX DIVER CANADA IDX ETF UNITS(CAD)

Issuer
Power Financial Corp.
Brand
Mackenzie
Expense ratio
0.53%
Inception date
Jun 21, 2016
Index tracked
TOBAM Maximum Diversification Canada Index - CAD
Management style
Passive
The fund provides a portfolio of low-correlation Canadian equity securities while excluding firms that do not align with the index provider's definition of socially responsible investing principles. The index screens the eligible universe of large- and midcap companies, removing those involved in the production of controversial weapons, tobacco, or coal, and those engaged in human rights violations, environmental damage, corruption, or other serious ethical violations. Next, the index uses a mathematical model to minimize the covariance between its constituents, resulting in a portfolio of stocks with low or negative correlations to each other, which is the maximum diversification alluded to in the funds name. The model applies constraints to ensure that the portfolio does not stray too far from market weights, but these are loose enough that significant tilts are still possible. The index is reconstituted quarterly.

Classification

Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Technical
Weighting scheme
Technical
Selection criteria
Principles-based
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Non-Energy Minerals
Retail Trade
Technology Services
Stock breakdown by region
100%
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