Key stats
About Mackenzie GQE US Alpha Extension ETF Trust Unit
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Inception date
Aug 19, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Mackenzie Financial Corp.
ISIN
CA5545361027
The fund seeks long-term capital growth by taking long/short positions in US equities. Adopting the Mackenzie Global Quantitative Equity (GQE) teams process, the fund blends quantitative research with a human overlay to identify opportunities and risks. The fund may employ cash borrowing, short sales, leverage, and derivatives for hedging and non-hedging purposes. Following a core style initially, the fund goes long on undervalued, high-quality companies and short on overvalued ones through a risk-aware quantitative process based on valuations, financial ratios, market and alternative data, as well as AI. Leverage use via borrowing, shorts, or derivatives cant exceed 300% of the funds NAV. Short-selling and cash borrowings are also capped at 50%. MALX integrates ESG factors using quantitative models. The actively managed ETF may invest in other funds with flexibility to adjust the portfolio at any time.
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Classification
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.
MALX trades at 20.12 CAD today, its price has fallen −0.49% in the past 24 hours. Track more dynamics on MALX price chart.
MALX net asset value is 20.23 today — it's risen 0.51% 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.
MALX assets under management is 7.01 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.
MALX fund flows account for 0.00 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.
No, MALX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, MALX doesn't pay dividends to its holders.
MALX trades at a premium (0.47%).
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.
MALX shares are issued by Power Corp. of Canada
MALX follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 19, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.