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Compare Manulife Smart U.S. Defensive Equity ETF (UDEF) vs Manulife Smart U.S. Defensive Equity ETF (UDEF.B) to find the best fit for your portfolio. UDEF and UDEF.B provide the same top sector exposures: Information Technology, Health Care, and Financials. When evaluating costs, UDEF features a management fee (MER) of 0.33%, compared to 0.28% for UDEF.B. Performance-wise, UDEF has returned 8.54% year-to-date with +$1 M in net flows, whereas UDEF.B is at 11.11% with -$0 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
UDEF
UDEF.B
| AuM | $2.88 M | $3.37 M |
| Management Fees | 0.33% | 0.28% |
| Exp. ratio | 0.37% | 0.32% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UDEF | +3.86% | +6.76% | +8.54% | +14.19% | +42.25% |
UDEF.B | +5.88% | +9.88% | +11.11% | +17.43% | +52.62% | |
| Flows | UDEF | -$0 M | -$0 M | +$1 M | +$1 M | +$0 M |
UDEF.B | -$0 M | +$0 M | -$0 M | +$0 M | -$0 M |
UDEF vs UDEF.B exposure
Countries
UDEF
USA
92.12%
Other
7.88%
UDEF.B
USA
92.12%
Other
7.88%
Sectors
UDEF
Information Technology
31.89%
Health Care
12.13%
Financials
11.61%
Industrials
11.55%
Communication Services
7.27%
Other
25.54%
UDEF.B
Information Technology
31.89%
Health Care
12.13%
Financials
11.61%
Industrials
11.55%
Communication Services
7.27%
Other
25.54%
As of June 11, 2026
Top 10 Holdings
UDEF
APPLIED MATERIAL
2.21%
VERIZON COMMUNICATIONS
2.20%
JOHNSON&JOHNSON
2.13%
ANALOG DEVICES
2.02%
MICROSOFT-T
1.93%
APPLE
1.91%
VISA INCORPORATION
1.91%
MASTERCARD
1.91%
MCDONALD'S
1.90%
MERCK & CO INC
1.89%
UDEF.B
APPLIED MATERIAL
2.21%
VERIZON COMMUNICATIONS
2.20%
JOHNSON&JOHNSON
2.13%
ANALOG DEVICES
2.02%
MICROSOFT-T
1.93%
APPLE
1.91%
VISA INCORPORATION
1.91%
MASTERCARD
1.91%
MCDONALD'S
1.90%
MERCK & CO INC
1.89%
Diversification
UDEF
Total weight of top 10 holdings out of 167 total
20.00%
UDEF.B
Total weight of top 10 holdings out of 167 total
20.00%
Characteristics
Compare
UDEF
UDEF.B
| Provider | Manulife Investments | Manulife Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.16% | 0.60% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2021 | November 10, 2022 |
Frequently asked questions about UDEF and UDEF.B
Which ETF has performed better year to date: UDEF or UDEF.B?
As of June 11, 2026, UDEF has returned 8.54% year to date, while UDEF.B has returned 11.11%. UDEF.B is ahead on YTD performance.
Which ETF is larger by assets under management: UDEF or UDEF.B?
As of June 11, 2026, UDEF manages $2.88 M in assets, while UDEF.B manages $3.37 M. UDEF.B is the larger fund by AUM.
How are UDEF and UDEF.B managed?
UDEF is actively managed by Manulife Investments. It does not track an index. UDEF.B is actively managed by Manulife Investments. It does not track an index.
What sectors do UDEF and UDEF.B emphasize?
UDEF is most exposed to Information Technology, Health Care, and Financials. UDEF.B is most exposed to Information Technology, Health Care, and Financials.
Which ETF is attracting more investor flows: UDEF or UDEF.B?
Year to date, UDEF has seen +$1.39 M in net flows, compared with -$0.00 M for UDEF.B. UDEF has attracted more net investor money so far.
How do the fees of UDEF and UDEF.B compare?
UDEF has an expense ratio of 0.37%, while UDEF.B has an expense ratio of 0.32%.
What are the top holdings of UDEF and UDEF.B?
UDEF's largest holdings include APPLIED MATERIAL and VERIZON COMMUNICATIONS. UDEF.B's top holdings include APPLIED MATERIAL and VERIZON COMMUNICATIONS.
Which ETF is more diversified: UDEF or UDEF.B?
UDEF holds 163 securities, while UDEF.B holds 163. On holdings count, UDEF is the more diversified portfolio.
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