FDIV
MarketDesk Focused U.S. Dividend ETF
FDIV is actively managed, investing primarily in US companies that are forecasted to raise their dividends. The fund constructs its portfolio using a quantitative dividend screening methodology with the goal of generating above-average income.
Fund Basics
Fund sponsor | Alpha Architect |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Sep 19, 2023 |
Assets (mns) | $90 |
Expense ratio | 35 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
NEXTERA ENERGY GROUP | 2.1 % |
LOCKHEED MARTIN CORP | 2.1 % |
ONE GAS INC | 2.1 % |
WEC ENERGY GROUP INC | 2.1 % |
INSPERITY INC | 2.1 % |
ATMOS ENERGY CORP | 2.1 % |
PEPSICO INC | 2.1 % |
HORMEL FOODS CORP | 2.1 % |
KIMBERLY-CLARK CORP | 2.0 % |
MOSAIC CO/THE | 2.0 % |
Constituent Breakdown
Number of holdings | 64 |
Herfindahl-Hirschman Index | 170 |
Wgt avg mkt cap (mns) | $60,171 |
Large cap (>$10bn) | 71.3% |
Mid cap ($2-10bn) | 26.4% |
Small cap (<$2bn) | 2.4% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 95.5 % | |
BERMUDA | 2.9 % | |
SWITZERLAND | 1.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
6.6% | -- | -- | -- | -- | -- | 17.3% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.00 | 0% |
MSCI EAFE | 0.00 | 0% |
MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
Avg. volume (000) | 10 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.12% |
ADV of underlying (mns) | $17,458 |
Technical Indicators
Recent close | $27.04 |
30d moving avg. | $24.93 |
Annualized volatility | 0.0% |
Relative strength (RSI) | 71 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. FDIV |
Expenses vs. FDIV |
ALTAR Score™ vs. FDIV |
---|---|---|---|---|
QDIV | Global X S&P 500 Quality Dividend ETF | 28.1% | -15 bp | -0.2% |
SDY | SPDR S&P Dividend ETF | 26.9% | 0 bp | -2.5% |
SNPD | Xtrackers S&P ESG Dividend Aristocrats ETF | 24.3% | -20 bp | -1.8% |
NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 22.9% | 0 bp | -2.8% |
KNGZ | First Trust S&P 500 Diversified Dividend Aristocrats ETF | 22.8% | +15 bp | -0.9% |
SCHD | Schwab US Dividend Equity ETF | 22.7% | -29 bp | +0.8% |
TMDV | ProShares Russell US Dividend Growers ETF | 22.1% | 0 bp | -2.3% |
NUDV | Nuveen ESG Dividend ETF | 21.2% | -9 bp | -1.3% |
LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 20.8% | -8 bp | -0.4% |
KVLE | KraneShares Value Line Dynamic Dividend Equity Index ETF | 20.8% | +21 bp | -2.5% |
Risk and Returns: FDIV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FDIV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FDIV
8.8%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 8.8% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. FDIV's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places FDIV in the 87th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FDIV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
FDIV | 35.0 | 12.3 | 47.3 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .