MDIF.TO
Manulife Dividend Income Fund
Global
EQUITY
Active
MANAGEMENT STYLE
$ 5.5 B
ASSETS UNDER MGMT
83 bp
EXPENSES
Fund Basics
| Inception date | May 21, 2025 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 6.2 % |
| TORONTO-DOMINION BANK | 5.2 % |
| CAN IMPERIAL BK OF COMMERCE | 3.5 % |
| CANADIAN NATURAL RESOURCES | 3.4 % |
| NATIONAL BANK OF CANADA | 3.0 % |
| SUNCOR ENERGY INC | 2.9 % |
| POWER CORP OF CANADA | 2.8 % |
| TRANSCANADA CORP | 2.7 % |
| AGNICO-EAGLE MINES LTD | 2.6 % |
| CENOVUS ENERGY INC | 2.3 % |
Constituent Breakdown
| Number of holdings | 147 |
| Herfindahl-Hirschman Index | 194 |
| Wgt avg mkt cap (mns) | $434,859 |
| Large cap (>$10bn) | 92.4% |
| Mid cap ($2-10bn) | 3.6% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 97.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 71.4 % |
 |
UNITED STATES | 24.8 % |
 |
BERMUDA | 1.0 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.7% | 12.0% | -- | -- | -- | -- | -- | 1,466.9% |
| Dividend Yield | 0.4% | 1.0% | -- | -- | -- | -- | -- | 13.3% |
| Total Returns | 10.1% | 13.0% | -- | -- | -- | -- | -- | 1,480.2% | Ann. Volatility | 13.7% | 12.8% | -- | -- | -- | -- | -- | 999.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.17 | 3% |
| MSCI EAFE | 0.08 | 1% |
| MSCI Emg Mkts | 0.05 | 1% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $29.67 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.35/0.32 |
| Bollinger Bands (Upper/Lower) | $30.65/$29.03 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MDIF.TO |
Expenses vs. MDIF.TO |
ALTAR Score™ vs. MDIF.TO |
|---|---|---|---|---|
| VCE.TO | Vanguard FTSE Canada Index ETF | 60.0% | -78 bp | +1.2% |
| QCE.TO | Mackenzie Canadian Large Cap Equity Index ETF | 59.5% | -79 bp | +1.0% |
| XIU.TO | iShares S&P/TSX 60 Index ETF | 58.7% | -68 bp | +1.1% |
| ZIU.TO | BMO S&P/TSX 60 Index ETF | 58.6% | -70 bp | +1.1% |
| CNDX.TO | Global X S&P/TSX 60 Index ETF | 58.6% | -74 bp | +1.1% |
| XIC.TO | iShares Core S&P/TSX Capped Composite Index ETF | 58.0% | -77 bp | +1.0% |
| CCEI.TO | CIBC MSCI Canada Equity Index ETF | 57.9% | -79 bp | +1.1% |
| VCN.TO | Vanguard FTSE Canada All Cap Index ETF | 57.7% | -78 bp | +1.2% |
| TTP.TO | TD Canadian Equity Index ETF | 57.5% | -79 bp | +1.2% |
| ZCN.TO | BMO S&P/TSX Capped Composite Index ETF | 57.4% | -78 bp | +1.0% |
Risk and Returns: MDIF.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
4.6%
ALTAR SCORE™
55th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. MDIF.TO's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places MDIF.TO in the 55th percentile
among funds in the category.
Sell-Side Consensus
$32.93
PRICE TARGET
+7.4%
UPSIDE