Overview

Quick Facts

Ticker

MCLC

Daily Prices

$26.76
0.28% ($0.08)
2019-09-13

Summary Stats

Listing Date 2017-04-17
AUM $48.17 M
Mgmt. Fee 0.40%
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) 1.6921
Price to Earnings (P/E) 13.86493
Average Market Cap
Dividend Yield 3.21%
Units Outstanding 1800000
Number of Holdings 87
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
-0.05 2.25 3.10 2.83
  1 month 3 months 6 months 1 year 3 years 5 years 10 years Inception
ETF -0.05 2.25 3.10 2.83

Calendar Returns (%)

 
ETF
2018
-9.77
2018
ETF -9.77

Portfolio Allocation as of 2019-09-13

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 98.52
United States 1.48

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 32.54
Energy 17.76
Materials 9.60
Industrials 9.40
Consumer Discretionary 6.42
Communication Services 6.36
Information Technology 6.24
Consumer Staples 4.84
Utilities 4.76
Other 2.09

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 99.82
Cash 0.14
Currency 0.04

Top 10 Holdings (%) 2

Name Ticker ISIN Weight %
Suncor Energy Inc. SU CA8672241079 5.10
Royal Bank of Canada RY CA7800871021 4.47
Toronto-Dominion Bank TD CA8911605092 4.25
Bank of Nova Scotia (The) BNS CA0641491075 4.09
Canadian National Railway Company CNR CA1363751027 4.06
Bank of Montreal BMO CA0636711016 4.00
Enbridge Inc. ENB CA29250N1050 3.98
Canadian Imperial Bank of Commerce CM CA1360691010 3.15
Canadian Natural Resources Limited CNQ CA1363851017 3.01
Magna International Inc. MG CA5592224011 2.66
BCE Inc. BCE CA05534B7604 2.63
National Bank of Canada NA CA6330671034 2.59
Manulife Financial Corporation MFC CA56501R1064 2.18
Canadian Pacific Railway Limited CP CA13645T1003 2.00
Constellation Software Inc. CSU CA21037X1006 1.83
Nutrien Ltd. NTR CA67077M1086 1.82
CGI Inc., Class "A" GIB/A CA12532H1047 1.78
Barrick Gold Corporation ABX CA0679011084 1.74
Fortis Inc. FTS CA3495531079 1.73
Sun Life Financial Inc. SLF CA8667961053 1.65
Alimentation Couche-Tard Inc., Class "B" SV ATD/B CA01626P4033 1.63
Teck Resources Limited, Class "B" TECK/B CA8787422044 1.63
Brookfield Asset Management Inc., Class "A" BAM/A CA1125851040 1.60
Emera Inc. EMA CA2908761018 1.58
TC Energy Corporation TRP CA87807B1076 1.54
Shopify Inc., Class "A" SHOP CA82509L1076 1.52
TELUS Corporation T CA87971M1032 1.37
Rogers Communications Inc., Class "B" RCI/B CA7751092007 1.21
Fairfax Financial Holdings Limited FFH CA3039011026 1.21
Restaurant Brands International Inc. QSR CA76131D1033 1.13
Pembina Pipeline Corporation PPL CA7063271034 1.01
Open Text Corporation OTEX CA6837151068 0.96
Franco-Nevada Corporation FNV CA3518581051 0.95
Shaw Communications Inc., Class "B" NV SJR/B CA82028K2002 0.92
Loblaw Companies Limited L CA5394811015 0.88
Cenovus Energy Inc. CVE CA15135U1093 0.86
Waste Connections Inc. WCN CA94106B1013 0.83
Dollarama Inc. DOL CA25675T1075 0.81
Power Corporation of Canada POW CA7392391016 0.80
Intact Financial Corporation IFC CA45823T1066 0.80
Gildan Activewear Inc. GIL CA3759161035 0.78
Agnico Eagle Mines Limited AEM CA0084741085 0.77
Air Canada AC CA0089118776 0.76
Wheaton Precious Metals Corp. WPM CA9628791027 0.71
Inter Pipeline Ltd. IPL CA45833V1094 0.69
George Weston Limited WN CA9611485090 0.69
Canadian Tire Corporation Limited, Class "A" NV CTC/A CA1366812024 0.65
METRO Inc. MRU CA59162N1096 0.64
Kirkland Lake Gold Ltd. KL CA49741E1007 0.63
Bausch Health Companies Inc. BHC CA0717341071 0.61
CCL Industries Inc., Class "B" CCL/B CA1249003098 0.61
Power Financial Corporation PWF CA73927C1005 0.60
Saputo Inc. SAP CA8029121057 0.59
First Quantum Minerals Ltd. FM CA3359341052 0.58
Thomson Reuters Corporation TRI CA8849037095 0.56
Hydro One Limited H CA4488112083 0.53
Imperial Oil Limited IMO CA4530384086 0.52
CAE Inc. CAE CA1247651088 0.50
RioCan Real Estate Investment Trust REI-U CA7669101031 0.50
Algonquin Power & Utilities Corporation AQN CA0158571053 0.48
Encana Corporation ECA CA2925051047 0.44
Canadian Utilities Limited, Class "A" CU CA1367178326 0.44
Great-West Lifeco Inc. GWO CA39138C1068 0.43
Empire Company Limited, Class "A" EMP/A CA2918434077 0.41
Onex Corporation ONEX CA68272K1030 0.37
Keyera Corp. KEY CA4932711001 0.35
Canadian Apartment Properties Real Estate Investme CAR-U CA1349211054 0.34
WSP Global Inc. WSP CA92938W2022 0.29
Canopy Growth Corporation WEED CA1380351009 0.26
Husky Energy Inc. HSE CA4480551031 0.26
SNC-Lavalin Group Inc. SNC CA78460T1057 0.23
Quebecor Inc., Class "B" SV QBR/B CA7481932084 0.23
Canada Goose Holdings Inc. GOOS CA1350861060 0.22
Aurora Cannabis Inc. ACB CA05156X1087 0.20
IGM Financial Inc. IGM CA4495861060 0.19
The Stars Group Inc. TSGI CA85570W1005 0.17
Methanex Corporation MX CA59151K1084 0.16
Choice Properties Real Estate Investment Trust CHP-U CA17039A1066 0.16
BlackBerry Limited BB CA09228F1036 0.15
Bombardier Inc., Class "B" SV BBD/B CA0977512007 0.15
CASH - BASE CASH 0.14
United States Dollar 0.04
Bombardier Inc., Class "A" BBD/A CA0977511017 0.02
Wheaton Precious Metals Corp WPM CA9628791027 0.00

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.