Key stats
About Mackenzie Bluewater Next Gen Growth ETF Trust Units
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Inception date
Sep 10, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Ordinary Income
Primary advisor
Mackenzie Financial Corp.
ISIN
CA5545481072
The fund invests in equity securities of innovative companies worldwide, targeting firms of any size that are either driving or benefiting from innovation. These innovations are categorized into product, service, or business model innovations. Portfolio selection adopts a company-focused approach, prioritizing firms with strong management, favorable growth prospects, and solid financial health, while emphasizing reasonable valuations for expected free cash flow growth. Additionally, the fund integrates ESG factors by utilizing ESG data, corporate engagement, and the SASB framework to assess the relevance and impact of these factors on valuation. The fund may hold cash or short-term debt and can invest in other ETFs for liquidity.
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
Stocks99.27%
Technology Services34.60%
Electronic Technology23.01%
Retail Trade8.98%
Health Technology8.54%
Commercial Services6.28%
Producer Manufacturing5.07%
Finance4.23%
Consumer Durables3.76%
Consumer Non-Durables2.53%
Distribution Services2.27%
Bonds, Cash & Other0.73%
Cash0.73%
Stock breakdown by region
North America83.55%
Europe13.84%
Asia2.61%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MNXT invests in stocks. The fund's major sectors are Technology Services, with 34.60% stocks, and Electronic Technology, with 23.01% of the basket. The assets are mostly located in the North America region.
MNXT top holdings are Microsoft Corporation and NVIDIA Corporation, occupying 7.10% and 6.18% of the portfolio correspondingly.
MNXT assets under management is 12.08 M CAD. It's risen 8.98% over the last month.
MNXT fund flows account for 5.37 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.
Yes, MNXT pays dividends to its holders with the dividend yield of 0.62%. The last dividend (Jan 2, 2025) amounted to 0.04 CAD. The dividends are paid annually.
MNXT 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.
MNXT expense ratio is 0.94% meaning you'd have to pay 0.94% of your investment to help manage the fund.
MNXT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MNXT invests in stocks.
MNXT price has risen by 0.30% over the last month, and its yearly performance shows a 13.74% increase. See more dynamics on MNXT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.31% over the last month, have fallen by −0.31% over the last month, showed a 4.76% increase in three-month performance and has increased by 7.21% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.31% over the last month, have fallen by −0.31% over the last month, showed a 4.76% increase in three-month performance and has increased by 7.21% in a year.
MNXT trades at a premium (0.29%) meaning the ETF is trading at a higher price than the calculated NAV.