Key stats
About Manulife Smart US Defensive Equity ETF Trust Units -Hedged-
Home page
Inception date
Nov 10, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Manulife Investment Management Ltd.
ISIN
CA56503J1021
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.
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
Finance
Technology Services
Electronic Technology
Health Technology
Stocks98.89%
Finance17.85%
Technology Services17.68%
Electronic Technology15.70%
Health Technology11.31%
Producer Manufacturing5.78%
Consumer Non-Durables4.74%
Consumer Services4.56%
Retail Trade3.82%
Communications3.55%
Energy Minerals3.37%
Transportation2.07%
Utilities1.58%
Process Industries1.58%
Distribution Services1.54%
Industrial Services1.46%
Health Services1.05%
Commercial Services0.99%
Non-Energy Minerals0.26%
Bonds, Cash & Other1.11%
Cash1.11%
Stock breakdown by region
North America96.04%
Europe3.63%
Middle East0.32%
Latin America0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
UDEF invests in stocks. The fund's major sectors are Finance, with 17.85% stocks, and Technology Services, with 17.68% of the basket. The assets are mostly located in the North America region.
UDEF top holdings are Alphabet Inc. Class A and Applied Materials, Inc., occupying 2.25% and 2.22% of the portfolio correspondingly.
UDEF last dividends amounted to 0.07 CAD. Six months before that, the issuer paid 0.06 CAD in dividends, which shows a 16.15% increase.
Yes, UDEF pays dividends to its holders with the dividend yield of 1.11%. The last dividend (Jul 15, 2025) amounted to 0.07 CAD. The dividends are paid semi-annually.
UDEF shares are issued by Manulife Financial Corp. under the brand Manulife. The ETF was launched on Nov 10, 2021, and its management style is Active.
UDEF expense ratio is 0.44% meaning you'd have to pay 0.44% of your investment to help manage the fund.
UDEF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
UDEF invests in stocks.
UDEF price has risen by 3.68% over the last month, and its yearly performance shows a 1.27% increase. See more dynamics on UDEF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.09% over the last month, showed a 2.86% increase in three-month performance and has increased by 5.54% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.09% over the last month, showed a 2.86% increase in three-month performance and has increased by 5.54% in a year.
UDEF trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.