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About Mackenzie GQE Global Equity ETF
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Inception date
Sep 10, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Primary advisor
Mackenzie Financial Corp.
ISIN
CA5545461017
The fund aims to achieve long-term capital growth by investing in undervalued, high quality, large and mid-cap stocks worldwide. It follows a core investment style that is complemented by a quantitative approach for stock selection, portfolio construction, and transaction cost measurement. To respond to unfavorable market conditions or for liquidity purposes, the fund may hold cash or short-term debt securities. Additionally, it has the flexibility to invest in other ETFs managed by the Manager. The fund follows an ESG-Integrated approach, systematically incorporating ESG factors deemed material to financial performance into its stock selection models, as part of its commitment to Sustainable Investing.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Stocks98.21%
Technology Services18.27%
Electronic Technology18.14%
Finance17.04%
Consumer Non-Durables7.33%
Health Technology7.32%
Retail Trade6.63%
Industrial Services3.47%
Communications2.72%
Non-Energy Minerals2.63%
Transportation2.61%
Health Services2.59%
Producer Manufacturing2.44%
Consumer Services2.38%
Utilities1.89%
Process Industries1.43%
Energy Minerals0.77%
Commercial Services0.58%
Bonds, Cash & Other1.79%
Cash1.79%
Stock breakdown by region
North America74.56%
Europe15.94%
Asia6.00%
Oceania3.50%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MGQE invests in stocks. The fund's major sectors are Technology Services, with 18.27% stocks, and Electronic Technology, with 18.14% of the basket. The assets are mostly located in the North America region.
MGQE top holdings are Microsoft Corporation and NVIDIA Corporation, occupying 5.21% and 5.18% of the portfolio correspondingly.
MGQE last dividends amounted to 0.09 CAD. The year before, the issuer paid 0.01 CAD in dividends, which shows a 88.74% increase.
MGQE assets under management is 144.22 M CAD. It's risen 11.78% over the last month.
MGQE fund flows account for 128.27 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.
MGQE shares are issued by Power Corp. of Canada under the brand Mackenzie. The ETF was launched on Sep 10, 2024, and its management style is Active.
MGQE expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
MGQE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MGQE invests in stocks.
MGQE price has risen by 4.28% over the last month, and its yearly performance shows a 28.67% increase. See more dynamics on MGQE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.29% over the last month, showed a 11.27% increase in three-month performance and has increased by 13.37% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.29% over the last month, showed a 11.27% increase in three-month performance and has increased by 13.37% in a year.
MGQE trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.