Overview

Quick Facts

Ticker

MCLC

Daily Prices

$27.9949
-0.66% (-$0.19)
March 04, 2021

Summary Stats

Listing Date 2017-04-17
AUM $243.56 M
Mgmt. Fee 0.35%
MER 4 0.45%

Investment Objective

MCLC seeks to track the performance of the John Hancock Dimensional Canadian Large Cap Equity Index (CAD), before fees and expenses.

ETF Characteristics 1

Price to Book (P/B) 1.69639
Price to Earnings (P/E) 14.77996
Average Market Cap $37.75 B
Dividend Yield 3.40%
Units Outstanding 8700000
Number of Holdings 80
Target Range Top 75 market capitalization
Hold Range 76-85 market capitalization
Risk Rating Medium
Reconstitution Semi-Annual - March/September

Why Invest

Broad large-cap exposure

Targeting a wide range of large-cap Canadian stocks to access the breadth of the market's opportunities

Time-tested multifactor approach

Emphasizing factors (smaller cap, lower relative price, and higher profitability) that academic research has linked to higher expected returns

Efficient structure

Seeking to minimize turnover, trading costs, tax liabilities, and cash drag

Performance ±

Growth Chart

Growth Chart

Compound Returns (%)

 
ETF
1 month 3 months 6 months 1 year 3 years 5 years 10 years Inception
4.81 5.98 11.16 9.95 5.02 4.11
  1 month 3 months 6 months 1 year 3 years 5 years 10 years Inception
ETF 4.81 5.98 11.16 9.95 5.02 4.11

Calendar Returns (%)

 
ETF
2018 2019 2020
-11.63 21.05 -0.37
2018 2019 2020
ETF -11.63 21.05 -0.37

Portfolio Allocation as of 2021-03-04

Geographic Allocation (%)

Geographic Allocation pie chart. See following table for detailed information. The pie slices display the relative value of each table entry.

Geographic Allocation pie chart.
Name Weight %
Canada 98.37
United States 1.63

Sector Allocation (%)

Sector Allocation pie chart. See following table for detailed information. The pie slices display the relative value of each table entry.

Sector Allocation pie chart.
Name Weight %
Financials 33.76
Energy 15.26
Materials 10.61
Industrials 10.00
Information Technology 7.77
Consumer Discretionary 5.57
Communication Services 5.56
Utilities 4.95
Consumer Staples 4.45
Other 2.07

Asset Allocation (%)

Asset Allocation pie chart. See following table for detailed information. The pie slices display the relative value of each table entry.

Asset Allocation pie chart.
Name Weight %
Equities 99.91
Cash 0.05
Currency 0.04

Top 10 Holdings (%) 2

Name Ticker ISIN Weight %
Toronto-Dominion Bank TD CA8911605092 4.63
Royal Bank of Canada RY CA7800871021 4.51
Bank of Nova Scotia (The) BNS CA0641491075 4.34
Canadian National Railway Company CNR CA1363751027 4.00
Canadian Imperial Bank of Commerce CM CA1360691010 3.88
Shopify Inc., Class "A" SHOP CA82509L1076 3.81
Enbridge Inc. ENB CA29250N1050 3.73
Canadian Natural Resources Limited CNQ CA1363851017 3.37
Magna International Inc. MG CA5592224011 3.36
Suncor Energy Inc. SU CA8672241079 3.12
Bank of Montreal BMO CA0636711016 2.95
National Bank of Canada NA CA6330671034 2.90
TC Energy Corporation TRP CA87807B1076 2.83
Brookfield Asset Management Inc., Class 'A' BAM/A CA1125851040 2.77
Canadian Pacific Railway Limited CP CA13645T1003 2.57
Manulife Financial Corporation MFC CA56501R1064 2.16
BCE Inc. BCE CA05534B7604 2.12
Nutrien Limited NTR CA67077M1086 1.76
Sun Life Financial Inc. SLF CA8667961053 1.58
Fortis Inc. FTS CA3495531079 1.45
Emera Inc. EMA CA2908761018 1.45
TELUS Corporation T CA87971M1032 1.41
Constellation Software Inc. CSU CA21037X1006 1.38
Alimentation Couche-Tard Inc., Class "B" SV ATD/B CA01626P4033 1.37
CGI Inc., Class "A" GIB/A CA12532H1047 1.36
Power Corporation of Canada POW CA7392391016 1.12
Kinross Gold Corporation K CA4969024047 1.10
First Quantum Minerals Limited FM CA3359341052 1.07
Agnico Eagle Mines Limited AEM CA0084741085 1.02
Barrick Gold Corporation ABX CA0679011084 1.01
Open Text Corporation OTEX CA6837151068 1.01
Teck Resources Limited, Class "B" TECK/B CA8787422044 1.00
Rogers Communications Inc., Class "B" RCI/B CA7751092007 0.94
Restaurant Brands International Inc. QSR CA76131D1033 0.92
Hydro One Limited H CA4488112083 0.88
Fairfax Financial Holdings Ltd. FFH CA3039011026 0.87
Waste Connections Inc. WCN CA94106B1013 0.82
WSP Global Inc. WSP CA92938W2022 0.81
Intact Financial Corporation IFC CA45823T1066 0.81
METRO Inc. MRU CA59162N1096 0.81
Bausch Health Companies Inc. BHC CA0717341071 0.77
Dollarama Inc. DOL CA25675T1075 0.73
CCL Industries Inc., Class "B" CCL/B CA1249003098 0.72
Shaw Communications Inc., Class "B" NV SJR/B CA82028K2002 0.72
Loblaw Companies Limited L CA5394811015 0.71
Cenovus Energy Inc. CVE CA15135U1093 0.71
CAE Inc. CAE CA1247651088 0.71
Thomson Reuters Corporation TRI CA8849037095 0.71
Pembina Pipeline Corporation PPL CA7063271034 0.70
Kirkland Lake Gold Limited KL CA49741E1007 0.69
Franco-Nevada Corp. FNV CA3518581051 0.65
Saputo Inc. SAP CA8029121057 0.63
Wheaton Precious Metals Corporation WPM CA9628791027 0.52
George Weston Limited WN CA9611485090 0.52
Great-West Lifeco Inc. GWO CA39138C1068 0.45
Algonquin Power & Utilities Corporation AQN CA0158571053 0.45
Imperial Oil Limited IMO CA4530384086 0.43
Canadian Tire Corporation Limited, Class "A" NV CTC/A CA1366812024 0.42
Northland Power Inc. NPI CA6665111002 0.42
Onex Corp. ONEX CA68272K1030 0.40
Empire Company Limited, Class "A" EMP/A CA2918434077 0.40
Canadian Apartment Properties Real Estate Investme CAR-U CA1349211054 0.39
Ritchie Bros. Auctioneers Incorporated RBA CA7677441056 0.38
FirstService Corporation FSV CA33767E2024 0.38
Quebecor Inc., Class "B" SV QBR/B CA7481932084 0.37
Inter Pipeline Limited IPL CA45833V1094 0.36
B2Gold Corporation BTO CA11777Q2099 0.33
Canadian Utilities Limited, Class "A" CU CA1367178326 0.31
Canopy Growth Corporation WEED CA1380351009 0.29
Yamana Gold Inc. YRI CA98462Y1007 0.28
Pan American Silver Corporation PAAS CA6979001089 0.25
Ivanhoe Mines Limited, Class "A" IVN CA46579R1047 0.21
TMX Group Limited X CA87262K1057 0.21
Descartes Systems Group Inc. (The) DSG CA2499061083 0.20
IGM Financial Inc. IGM CA4495861060 0.19
Choice Properties Real Estate Investment Trust CHP-U CA17039A1066 0.15
BRP Inc. DOO CA05577W2004 0.14
CASH - BASE CASH 0.05
United States Dollar 0.04

Management

Picture of Dimensional Fund Advisors.
Dimensional Fund Advisors

Founded in 1981, a pioneer in applying insight from academic research to a systematic investment process that pursues higher expected returns through advanced portfolio design and implementation.

Picture of Lukas J. Smart, CFA.
Lukas J. Smart, CFA Dimensional Fund Advisors LP*
Investing since 2003
Picture of Joel P. Schneider.
Joel P. Schneider Dimensional Fund Advisors LP*
Investing since 2011
Picture of Joseph F. Hohn.
Joseph F. Hohn Dimensional Fund Advisors LP*

Index Approach

Market exposure

Define the target range of securities for the specific index.

Market exposure

Target Range 75. Will Hold up to 85 to minimize unwarranted trading costs

Portfolio structure

Weight the index to emphasize smaller companies, lower valuations, and higher profitability. 3 ±

Portfolio structure

The portfolio will target smaller companies, lower valuations, and higher profitability

Implementation

Incorporate measured flexibility during reconstitution to maintain focus while balancing the trade-offs among competing premiums.

This approach is designed to:

  • Maintain focus on the asset class and factors
  • Control for unnecessary turnover
  • Minimize unnecessary trading costs
John Hancock Dimensional Canadian Large Cap Equity Index is a rules-based index of large-cap Canadian stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, relative price, and profitability, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF. It is not possible to invest directly in an index. Past performance does not guarantee future results.