Manulife Smart U.S. Defensive Equity ETF Hedged (UDEF.TO) ETF Analysis

Fund Overview

Manulife Smart U.S. Defensive Equity ETF Hedged (UDEF.TO) is an exchange-traded fund. Manulife Investment Management is the fund family on file. It has been trading since November 9, 2022.

Its biggest positions are Applied Materials Inc (AMAT), Analog Devices Inc (ADI), and Microsoft Corp (MSFT). Applied Materials Inc alone accounts for 2.5% of the portfolio. The ten largest positions together make up 20.88% of the fund.

Performance Analysis

UDEF.TO last closed at CA$11.40 on September 3, 2026. Over the trailing twelve months the price has returned +10.81%. The trailing distribution yield is 1.25%. The provider also reports a 3 years average return of +10.76%.

2026 is still running; the price is +7.34% year to date.

Price & Risk Profile

Daily returns over the trailing 1 year annualize to a volatility of 6.58%. The reported beta is 0.56. Over the past 52 weeks the price has ranged from CA$10.35 to CA$11.47. The latest close sits 10.14% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.