Key stats
About MACKENZIE MAXIMUM DIVERSIFICATION A UNIT
Expense ratio
0.59%
Home page
Inception date
Sep 7, 2016
The fund provides a portfolio of low-correlation developed market equity securities while excluding firms that do not align with the index provider's definition of socially responsible investing principles. The index screens the eligible universe of large- and midcap companies, removing those involved in the production of controversial weapons, tobacco, or coal, and those engaged in human rights violations, environmental damage, corruption, or other serious ethical violations. Next, the index uses a mathematical model to minimize the covariance between its constituents, resulting in a portfolio of stocks with low or negative correlations to each other, which is the maximum diversification alluded to in the funds name. The model applies constraints to ensure that the portfolio does not stray too far from market weights, but these are loose enough that significant tilts are still possible. The index is reconstituted quarterly.
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
Health Technology
Finance
Technology Services
Consumer Non-Durables
Stocks99.17%
Health Technology22.73%
Finance21.90%
Technology Services11.00%
Consumer Non-Durables10.70%
Electronic Technology7.03%
Communications4.64%
Retail Trade4.46%
Consumer Services3.53%
Non-Energy Minerals2.78%
Transportation2.38%
Health Services2.30%
Commercial Services1.23%
Producer Manufacturing1.18%
Distribution Services1.01%
Consumer Durables0.96%
Process Industries0.68%
Industrial Services0.55%
Utilities0.10%
Bonds, Cash & Other0.83%
Cash0.59%
Miscellaneous0.24%
Stock breakdown by region
North America66.39%
Europe18.06%
Asia13.73%
Middle East1.39%
Oceania0.42%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history