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TSX · CAD · ETF

Manulife Smart Defensive Equity ETF (CDEF.TO) ETF Analysis

CDEF.TO
Expense ratio 0.28% Yield 2.46% Assets CA$3.62M Since November 8, 2021 Family Manulife Investment Management

Last Updated: October 20, 2026

CA$15.00
CA$0.00 (0.00%)

October 20, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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CDEF.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+17.82%CA$117.82
3 years+22.08%CA$181.93
5 years+10.85%CA$167.37

Returns are total returns computed from daily closes, with dividends reinvested. As of October 20, 2026.

CDEF.TO Return by Calendar Year

2021 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+13.37%
2025+23.43%
2024+20.21%
2023+4.79%
2022−5.41%
2021 (partial year)+0.39%

CDEF.TO Monthly Returns

−6%+9%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+0.4+7.2−5.0+4.5+2.5+2.6+1.1−0.5−2.8+3.2——
2025+3.3+0.5+0.1+1.3+5.3+0.7+0.5+2.5+1.7+0.9+3.0+1.4
2024+0.2+0.3+5.6−1.4+3.1−1.0+5.2+3.7+2.3+0.6+2.9−2.8
2023+0.0+0.0+1.2+0.0+0.0+0.2+0.0+0.0−2.7−1.8+0.1+8.0
2022+0.0−5.1+5.6+0.0−5.0+0.9−6.0+0.0+0.0+0.0+4.1+0.6
2021———————————+0.1

Monthly total returns with dividends reinvested; each cell prints its signed value.

CDEF.TO Volatility & Risk

Volatility: 5 yrs · Beta: 3 yrs
Annualized volatility
9.37%
Beta (3y)
0.67
Best year
+23.43%

2025

Worst year
−5.41%

2022

Volatility is the annualized standard deviation of daily returns. As of October 20, 2026.

Top Holdings

# Symbol Name Weight
1 BNS.TO Bank of Nova Scotia 2.83%
2 GWO.TO Great-West Lifeco Inc 2.8%
3 TD The Toronto-Dominion Bank 2.73%
4 SLF.TO Sun Life Financial Inc 2.72%
5 RY Royal Bank of Canada 2.64%
6 CM.TO Canadian Imperial Bank of Commerce 2.62%
7 BMO.TO Bank of Montreal 2.62%
8 IMO.TO Imperial Oil Ltd 2.58%
9 IFC.TO Intact Financial Corp 2.54%
10 MRU.TO Metro Inc 2.51%

Analysis

Data-derived

Fund Overview

Manulife Smart Defensive Equity ETF (CDEF.TO) is an exchange-traded fund. Total net assets stand at CA$3.62M. Annual costs run at an expense ratio of 0.28%. On a CA$10,000 position that is CA$28.00 a year. Manulife Investment Management is the fund family on file. The inception date on file is November 8, 2021.

Its biggest positions are Bank of Nova Scotia (BNS.TO), Great-West Lifeco Inc (GWO.TO), and The Toronto-Dominion Bank (TD). Bank of Nova Scotia alone accounts for 2.83% of the portfolio. The ten largest positions together make up 26.57% of the fund.

Performance Analysis

The most recent close on file for CDEF.TO is CA$15.00, dated October 20, 2026. Over the trailing twelve months the total return is +17.82%. Measured over 5 years, that is +10.85% a year compounded. The trailing distribution yield is 2.46%.

The strongest complete calendar year on file is 2025 at +23.43%; the weakest is 2022 at −5.41%. Of the 4 complete calendar years on file, 3 finished higher. 2026 is still running; the total return is +13.37% year to date.

Price & Risk Profile

The 52-week range on file runs from CA$12.76 to CA$15.13. The latest close sits 17.55% above that 52-week low. Daily returns over the trailing 5 years annualize to a volatility of 9.37%. The reported beta is 0.67. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 20, 2026.

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