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Purpose Enhanced Dividend Fund
PDIV (Purpose Enhanced Dividend Fund) is an active Canadian Dividend Equity ETF by Purpose. With a 0.65% MER, it provides diversified exposure. Monthly distribution with a 10.98% yield.
PDIV is actively managed by Purpose's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.65% MER, its fees are in line with category averages. It pays a monthly distribution with a 10.98% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.