Key stats
About Manulife Smart US Defensive Equity ETF Trust Units
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Inception date
Nov 9, 2022
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Manulife Investment Management Ltd.
ISIN
CA56503J1104
The fund seeks long-term capital appreciation by investing in a defensive US equity portfolio. A proprietary defensive screen is used to select securities with lower sensitivity to market changes. The fund manager optimizes the portfolio by allocating proportionally more assets to securities that have higher potential risk-adjusted returns. To achieve the desired exposure, the fund may invest in other funds including Canada- or US-listed ETFs. The fund may utilize derivatives for hedging or investment purposes. It may also enter into securities lending, repurchase, and reverse repurchase transactions to earn additional income.
Related funds
Classification
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Health Technology
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
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.
UDEF.U trades at 12.74 USD today, its price has risen 0.16% in the past 24 hours. Track more dynamics on UDEF.U price chart.
UDEF.U net asset value is 17.63 today — it's risen 0.90% 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.
UDEF.U assets under management is 2.19 M USD. 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.
UDEF.U price has risen by 2.00% over the last month, and its yearly performance shows a 14.77% increase. See more dynamics on UDEF.U price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.90% over the last month, showed a 3.77% increase in three-month performance and has increased by 7.97% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.90% over the last month, showed a 3.77% increase in three-month performance and has increased by 7.97% in a year.
UDEF.U fund flows account for 0.00 USD (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.
UDEF.U invests in stocks. See more details in our Analysis section.
No, UDEF.U 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, UDEF.U doesn't pay dividends to its holders.
UDEF.U trades at a premium (27.74%).
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.
UDEF.U shares are issued by Manulife Financial Corp.
UDEF.U follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 9, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.