MDIV.TO
Middlefield Global Dividend Growers ETF
Global
EQUITY
Active
MANAGEMENT STYLE
$ 62.4 M
ASSETS UNDER MGMT
131 bp
EXPENSES
Fund Basics
| Inception date | Mar 22, 2013 |
| 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
| MIDDLEFIELD HEALTHCARE DIVIDEND ETF | 7.2 % |
| NVIDIA CORP | 6.0 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 5.5 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 5.0 % |
| WESTERN DIGITAL CORP | 4.7 % |
| AMAZON.COM INC | 4.5 % |
| JPMORGAN CHASE & CO | 4.5 % |
| BROADCOM INC. | 3.8 % |
| GE VERONA | 3.7 % |
| FUJIKURA LTD | 3.2 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 337 |
| Wgt avg mkt cap (mns) | $880,890 |
| Large cap (>$10bn) | 82.8% |
| Mid cap ($2-10bn) | 4.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 80.4% |
| Emerging mkts. | 7.3% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 55.1 % |
 |
JAPAN | 10.8 % |
 |
TAIWAN | 5.5 % |
 |
CANADA | 4.3 % |
 |
IRELAND | 3.4 % |
 |
FRANCE | 2.6 % |
 |
GERMANY | 1.9 % |
 |
SOUTH KOREA | 1.8 % |
 |
NETHERLANDS | 1.2 % |
 |
BRITAIN | 1.1 % |
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 | 18.7% | 28.2% | 13.7% | 16.4% | 9.0% | 6.2% | -- | 5.6% |
| Dividend Yield | 1.5% | 4.6% | 4.4% | 5.0% | 5.9% | 6.9% | -- | 6.7% |
| Total Returns | 20.2% | 32.7% | 18.1% | 21.4% | 14.8% | 13.1% | -- | 12.3% | Ann. Volatility | 18.6% | 15.7% | 17.8% | 15.9% | 16.5% | 16.6% | -- | 16.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 37% |
| MSCI EAFE | 0.54 | 28% |
| MSCI Emg Mkts | 0.44 | 32% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $21.11 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 0.48/0.50 |
| Bollinger Bands (Upper/Lower) | $22.57/$20.36 |
| 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. MDIV.TO |
Expenses vs. MDIV.TO |
ALTAR Score™ vs. MDIV.TO |
|---|---|---|---|---|
| MUSA.TO | Middlefield U.S. Equity Dividend ETF | 54.9% | +88 bp | -0.8% |
| CIAI.TO | CI Global Artificial Intelligence Fund | 32.1% | -76 bp | +0.7% |
| MNXT.TO | Mackenzie Bluewater Next Gen Growth ETF | 31.1% | -51 bp | +0.7% |
| NUSA.TO | NBI Active U.S. Equity ETF | 28.9% | -76 bp | +2.0% |
| PAYG.TO | Brompton Global Equity HighPay ETF | 28.4% | -71 bp | +2.1% |
| FINO.TO | Franklin Innovation Fund | 27.7% | -51 bp | -0.2% |
| ZQQ.TO | BMO Nasdaq 100 Equity Hedged To CAD Index ETF | 27.7% | -96 bp | +1.1% |
| TUED.TO | TD Active U.S. Enhanced Dividend ETF | 27.6% | -66 bp | +0.6% |
| XQQ.TO | iShares NASDAQ 100 Index ETF (CAD-Hedged) | 27.6% | -96 bp | +1.2% |
| QQQX.TO | Global X Nasdaq-100 Index ETF | 27.6% | -116 bp | +1.3% |
Risk and Returns: MDIV.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 6/4/2026
Peer Group Comparison
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ETF Research Center Rating
2.2%
ALTAR SCORE™
21st
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 726 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. MDIV.TO's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places MDIV.TO in the 21st percentile
among funds in the category.
Sell-Side Consensus
$23.38
PRICE TARGET
+4.7%
UPSIDE