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Middlefield Global Dividend Growers ETF (MDIV.TO) ETF Analysis

MDIV.TO

Expense ratio 1.32% Yield 2.41% Assets CA$64.63M Since March 22, 2013 Family Middlefield Limited

Last Updated: October 21, 2026

CA$22.20

+CA$0.30 (+1.37%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MDIV.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+19.11%	+19.11%	CA$119.11	CA$357.34
3 years	+87.49%	+23.31%	CA$187.49	CA$562.47
5 years	+92.01%	+13.94%	CA$192.01	CA$576.02
10 years	+233.59%	+12.80%	CA$333.59	CA$1,000.78

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

MDIV.TO Return by Calendar Year

2016 and 2026 are partial years

−13.50%+36.35%+22.82%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+22.82%
2025	+0.13%
2024	+36.35%
2023	+17.28%
2022	−13.50%
2021	+25.15%
2020	+8.44%
2019	+20.49%
2018	−4.15%
2017	+11.61%
2016 (partial year)	+14.41%

MDIV.TO Monthly Returns

−10%+12%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+4.6	+2.9	−6.6	+11.5	+7.5	+6.1	−6.0	+2.1	+1.7	−1.7	—	—
2025	+3.7	−6.0	−6.9	−4.6	+4.6	+3.8	+2.5	+0.7	+4.1	+3.8	−2.3	−2.4
2024	+4.6	+5.6	+3.4	−1.3	+4.4	+4.7	+1.1	+0.7	+1.8	+4.0	+4.2	−1.5
2023	+1.7	+1.5	+3.1	+1.3	+0.0	+0.3	+3.5	−0.8	−4.3	−1.5	+7.6	+4.2
2022	−7.0	−1.1	+4.0	−7.5	−2.5	−9.1	+6.2	−2.3	−4.9	+7.7	+6.9	−2.7
2021	+0.7	−1.0	+5.3	+2.0	−1.4	+2.0	+4.4	+4.7	−1.3	−3.2	+8.0	+3.1
2020	−3.3	−7.1	−9.3	+6.9	+9.1	−2.9	+10.5	+2.2	−2.0	−3.1	+9.6	−0.1
2019	+4.4	+1.3	+0.7	+4.7	−2.6	+0.3	+2.5	−1.8	+1.8	+0.7	+5.3	+1.8
2018	+0.9	+1.9	−3.0	+1.2	−1.5	+3.4	+2.1	+1.8	−0.2	−6.3	+2.3	−6.2
2017	−5.4	+6.0	+2.3	+1.7	+3.6	−6.2	−1.3	+0.8	−0.1	+5.7	+0.8	+4.0

Monthly total returns with dividends reinvested; each cell prints its signed value.

MDIV.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 16.83%
Beta (3y): 1.24
Best year: +36.35%
Worst year: −13.50%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	MHCD.TO	Middlefield Healthcare Dividend ETF	7.66%
2	TSM	Taiwan Semiconductor Manufacturing Co Ltd ADR	6.06%
3	NVDA	NVIDIA Corp	5.97%
4	SMSN	Samsung Electronics Co Ltd DR	4.89%
5	TTWO	Take-Two Interactive Software Inc	4.4%
6	JPM	JPMorgan Chase & Co	4.31%
7	AMZN	Amazon.com Inc	4.13%
8	MSFT	Microsoft Corp	3.81%
9	SONY	Sony Group Corp ADR	3.57%
10	4004.T	Resonac Holdings Corp	3.56%

Analysis

Data-derived

Fund Overview

Middlefield Global Dividend Growers ETF (MDIV.TO) is an exchange-traded fund. The fund holds CA$64.63M in total net assets. The expense ratio is 1.32%. On a CA$10,000 position that is CA$132.00 a year. Middlefield Limited is the fund family on file. It has been trading since March 22, 2013.

The largest positions on file are Middlefield Healthcare Dividend ETF (MHCD.TO), Taiwan Semiconductor Manufacturing Co Ltd ADR (TSM), and NVIDIA Corp (NVDA). Middlefield Healthcare Dividend ETF alone accounts for 7.66% of the portfolio. The ten largest positions together make up 48.36% of the fund.

Performance Analysis

The most recent close on file for MDIV.TO is CA$22.20, dated October 21, 2026. The trailing one-year total return is +19.11%. Across 10 years the annualized return works out at +12.80%. The fund distributes at a trailing yield of 2.41%.

So far in 2026 the total return is +22.82%. Across the complete calendar years on file, 2024 returned +36.35% and 2022 returned −13.50%. Of the 9 complete calendar years on file, 7 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$17.98 to CA$23.59. The latest close sits 23.47% above that 52-week low. Daily returns over the trailing 10 years annualize to a volatility of 16.83%. The reported beta is 1.24. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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