Key stats
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
Electronic Technology
Technology Services
Finance
Stocks97.94%
Electronic Technology21.36%
Technology Services17.52%
Finance17.08%
Health Technology7.78%
Retail Trade6.21%
Consumer Non-Durables5.66%
Industrial Services4.09%
Producer Manufacturing3.53%
Transportation3.12%
Consumer Services2.62%
Non-Energy Minerals2.43%
Communications2.34%
Energy Minerals1.23%
Utilities0.96%
Process Industries0.83%
Health Services0.71%
Commercial Services0.40%
Distribution Services0.07%
Bonds, Cash & Other2.06%
Cash2.06%
Stock breakdown by region
North America75.67%
Europe13.47%
Asia7.84%
Oceania2.51%
Middle East0.52%
Latin America0.00%
Africa0.00%
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 Electronic Technology, with 21.36% stocks, and Technology Services, with 17.52% of the basket. The assets are mostly located in the North America region.
MGQE top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 6.14% and 5.28% 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 210.07 M CAD. It's risen 12.55% over the last month.
MGQE fund flows account for 177.81 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 fallen by −1.02% over the last month, and its yearly performance shows a 22.14% increase. See more dynamics on MGQE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.15% over the last month, have fallen by −0.15% over the last month, showed a 5.52% increase in three-month performance and has increased by 19.89% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.15% over the last month, have fallen by −0.15% over the last month, showed a 5.52% increase in three-month performance and has increased by 19.89% in a year.
MGQE trades at a premium (0.41%) meaning the ETF is trading at a higher price than the calculated NAV.