Question 1

What is MDIV?

Accepted Answer

MDIV (Middlefield Global Dividend Growers ETF) is a Canadian-listed ETF trading on the TSX in the Global Dividend & Income Equity  category. It tracks the Morningstar Global Markets GR CAD.

Question 2

What is the MDIV ETF price today?

Accepted Answer

MDIV last traded at $22.28 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the MDIV MER (management expense ratio)?

Accepted Answer

MDIV has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, MDIV is considered a low-cost ETF.

Question 4

What are MDIV annualised returns?

Accepted Answer

MDIV historical returns: YTD: +20.30%, 1-year: +20.98%, 3-year annualised: +23.61%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.30, which measures risk-adjusted return.

Question 5

Does MDIV pay dividends or distributions?

Accepted Answer

Yes, MDIV distributes income to unitholders. The current distribution yield is approximately 2.18%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does MDIV invest in?

Accepted Answer

MDIV's top holdings include Middlefield Healthcare Dividend ETF (MHCD, 7.7%), NVIDIA Corporation (NVDA, 5.6%), Taiwan Semiconductor Manufacturing (TSM, 5.3%), SMSN (SMSN, 4.6%), Take-Two Interactive Software Inc (TTWO, 4.5%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Global Markets GR CAD.

Question 7

What sectors does MDIV invest in?

Accepted Answer

MDIV's largest sector exposures are Technology (37.0%), Financial Services (15.6%), Industrials (12.1%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is MDIV? (Assets under management)

Accepted Answer

MDIV has approximately $63M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was MDIV launched?

Accepted Answer

MDIV was launched on March 22, 2013, giving it a 13-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy MDIV in Canada?

Accepted Answer

MDIV trades on the TSX under the ticker MDIV. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is MDIV?

Accepted Answer

MDIV has a 1-year volatility of 17.90% and a beta of 1.22 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.30 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-11	$22.32	$22.32	$22.28	$22.28	$22.28	592
2026-09-10	$22.17	$22.17	$22.17	$22.17	$22.17	300
2026-09-09	$22.39	$22.39	$22.39	$22.39	$22.39	0
2026-09-08	$22.39	$22.39	$22.39	$22.39	$22.39	0
2026-09-04	$22.39	$22.39	$22.39	$22.39	$22.39	100
2026-09-03	$22.18	$22.18	$22.16	$22.16	$22.16	1,450
2026-09-02	$22.11	$22.11	$22.06	$22.07	$22.07	1,111
2026-09-01	$22.28	$22.28	$22.10	$22.11	$22.11	731
2026-08-31	$22.33	$22.33	$22.26	$22.26	$22.26	2,200
2026-08-28	$22.60	$22.60	$22.59	$22.59	$22.59	1,332

#	Ticker	Name	Weight
1	MHCD	Middlefield Healthcare Dividend ETF	7.65%
2	NVDA	NVIDIA Corporation	5.56%
3	TSM	Taiwan Semiconductor Manufacturing	5.32%
4	SMSN	SMSN	4.59%
5	TTWO	Take-Two Interactive Software Inc	4.50%
6	JPM	JPMorgan Chase & Co	4.47%
7	AMZN	Amazon.com Inc	4.16%
8	MSFT	Microsoft Corporation	3.64%
9	SONY	Sony Group Corp	3.59%
10	4004	Showa Denko K.K.	3.57%

Sector	Weight
Technology	37.02%
Financial Services	15.63%
Industrials	12.13%
Healthcare	8.86%
Communication Services	8.11%
Consumer Cyclicals	5.31%
Basic Materials	5.06%
Consumer Defensive	3.92%
Utilities	1.95%
Energy	1.82%
Real Estate	0.20%

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CLHI	Ninepoint Celestica HighShares ETF	$9.03	+6.43%
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CSUU		$8.59	+5.27%
ORBU		$10.00	+5.04%
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SHPU		$7.97	+4.73%
FETH	Fidelity Advantage Ether ETF - L	$46.90	+4.59%

CIBC Investor's Edge

Middlefield Global Dividend Growers ETF (MDIV : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

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Frequently Asked Questions — MDIV