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ALPS Dynamic US Dividend Advantage ETF
RFDA (ALPS Dynamic US Dividend Advantage ETF) is an index US Dividend Equity ETF by ALPS. With a 0.52% MER, it provides diversified exposure through 73 holdings. Monthly distribution with a 1.98% yield.
RFDA by ALPS is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.52% MER, its fees are in line with category averages.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.