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Manulife Dividend Income Fund
MDIF (Manulife Dividend Income Fund) is an active Canadian Dividend Equity ETF by Manulife. With a 0.83% MER, it provides diversified exposure. Monthly distribution with a 1.05% yield.
MDIF is actively managed by Manulife's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.83% MER reflects the costs of a more specialized management approach.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.