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MDEF ETF · Mackenzie Defensive Tilt ETF
The MDEF Exchange Traded Fund (ETF) is provided by Mackenzie Investments. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update 4/8/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofUS Large & Mid Cap1M perf.+1.32%
Last price
$19.91
0.00%
1M perf.
+0.41%
1M flows
N/A
AuM
€1.3M
E/R
0.55%
Rating
Not rated
ESG Consensus®
MDEF
$19.91
0.00%
Performance & flows
Segment for quartile rank
January 8, 2026 → April 8, 2026
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MDEF
$20.62
+2.62%
US Large & Mid Cap
-1.90%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.41%  | +2.62%  | N/A | N/A | N/A | +1.25% | +1.25% | +4.36% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
4/8/2026
$20.62
1D NAV change
+1.30%
Dividend policy
No. of holdings
176
Inception date
9/3/2025
Jurisdiction
Canada
Distribution
Canada
Legal structure
Open-end Fund
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The ETF seeks to provide long-term capital growth by investing primarily in equity securities of large and mid-capitalization companies, from across all sectors in the U.S., that are expected to exhibit lower sensitivity to the economic cycle.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +2.62% | N/A | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
83.43%
Ireland
6.16%
Unavailable
9.19%
Other
1.23%
Sectors
Health Care
21.02%
Consumer Staples
15.01%
Industrials
10.94%
Financials
10.65%
Information Technology
7.34%
Utilities
7.34%
Consumer Discretionary
5.59%
Communication Services
4.73%
Unavailable
11.89%
Other
5.49%
Diversification
Total weight of top 15 holdings out of 176
Top 15 holdings
Data as of February 28, 2026
JOHNSON&JOHNSON
PROCTERGAMBLE
COCA-COLA
ABBVIE
JPMORGAN CHASE
PEPSICO U
VERIZON COMMUNICATIONS
AT&T
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T-MOBILE US INC
MCDONALD'S
MERCK & CO INC
COSTCO WHOLESALE
VISA INCORPORATION
ABBOTT LABS
WASTE MANAGEMENT
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
Mackenzie Investments
Mackenzie Investments ID Card
Number of funds
63
Total AuM
€16.74B
Expense ratio range
0.04% - 0.9%
Average expense ratio
0.4174%
Top 5 funds by Mackenzie Investments
| AuM | ||
|---|---|---|
QUU | Mackenzie US Large Cap Equity Index ETF | €3.36B |
QCN | Mackenzie Canadian Equity Index ETF | €3.15B |
QDX | Mackenzie International Equity Index ETF | €947M |
MIQE | Mackenzie GQE International Equity ETF | €839M |
QBB | Mackenzie Canadian Aggregate Bond Index ETF | €834M |
Frequently asked questions about MDEF
What does Mackenzie Defensive Tilt ETF, MDEF, invest in?
MDEF is a Active ETF. This ETF provides exposure to Other Large and Mid-Cap US Equities.
What is the Total Expense ratio (TER) of MDEF?
MDEF carries a total expense ratio (TER) of 0.55%, indicating the annual cost for holding the fund.
When was MDEF launched?
MDEF was introduced to the market on September 3, 2025. It trades on Canada
Who is the ETF issuer of MDEF?
Mackenzie Defensive Tilt ETF, MDEF, is provided by Mackenzie Investments. Learn more about Mackenzie Investments here.
What is the current assets under management (AUM) of MDEF?
MDEF oversees €1.3M in assets as of April 8, 2026.
How has MDEF performed lately?
Based on data from April 8, 2026, MDEF returned 0.41% over the past month, 2.62% over the last three months and 4.36% year-to-date.
Does MDEF distribute dividends?
MDEF follows a distributing dividend policy, meaning it pays out income to investors.
What are the main country or region exposures of MDEF?
As of February 28, 2026, MDEF has significant geographic allocations in USA and Ireland.
In which sector or theme does MDEF invest in?
As of February 28, 2026, MDEF focuses largely on Health Care, Consumer Staples and Industrials.
How many securities does MDEF hold and how diversified is it?
As of February 28, 2026, MDEF holds 176 positions in its portfolio, with 32.72% of assets concentrated in its top 15 holdings.
What are the main positions in MDEF?
As of February 28, 2026, MDEF top three holdings include JOHNSON&JOHNSON, PROCTERGAMBLE and COCA-COLA.
What is the base currency of MDEF?
The base currency of MDEF is CAD.
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