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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 3/13/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofUS Large & Mid Cap1M perf.-3.13%
Last price
$20.42
0.00%
1M perf.
-2.68%
1M flows
N/A
AuM
€1.3M
E/R
0.55%
Rating
Not rated
ESG Consensus®
MDEF
$20.42
0.00%
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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MDEF
$20.24
+1.58%
US Large & Mid Cap
-2.30%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.68%  | +1.57% | N/A | N/A | N/A | -4.49% | +2.44% | +2.44% | |
| 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
3/12/2026
$20.24
1D NAV change
-0.27%
Dividend policy
No. of holdings
171
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 | +1.57% | 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
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Enterprise
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Countries
USA
84.91%
Ireland
4.21%
Unavailable
9.65%
Other
1.24%
Sectors
Health Care
26.92%
Consumer Staples
16.53%
Financials
9.01%
Industrials
8.02%
Utilities
7.13%
Consumer Discretionary
5.34%
Information Technology
4.95%
Communication Services
4.50%
Unavailable
11.28%
Other
6.33%
Diversification
Total weight of top 15 holdings out of 171
Top 15 holdings
Data as of January 31, 2026
JOHNSON&JOHNSON
PROCTERGAMBLE
COCA-COLA
LILLY
ABBVIE
PEPSICO U
JPMORGAN CHASE
COLGATE-PALMOLIVE CO
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PFIZER
MERCK & CO INC
VERIZON COMMUNICATIONS
AT&T
VISA INCORPORATION
T-MOBILE US INC
GILEAD SCIENCES
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Mackenzie Investments
Mackenzie Investments ID Card
Number of funds
63
Total AuM
€16.56B
Expense ratio range
0.04% - 0.9%
Average expense ratio
0.4174%
Top 5 funds by Mackenzie Investments
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 March 12, 2026.
How has MDEF performed lately?
Based on data from March 12, 2026, MDEF returned -2.68% over the past month, 1.57% over the last three months and 2.44% 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 January 31, 2026, MDEF has significant geographic allocations in USA and Ireland.
In which sector or theme does MDEF invest in?
As of January 31, 2026, MDEF focuses largely on Health Care, Consumer Staples and Financials.
How many securities does MDEF hold and how diversified is it?
As of January 31, 2026, MDEF holds 171 positions in its portfolio, with 35.72% of assets concentrated in its top 15 holdings.
What are the main positions in MDEF?
As of January 31, 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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