FDV
Federated Hermes U.S. Strategic Dividend ETF
FDV seeks income and long-term capital appreciation through an actively managed portfolio of high dividend-paying US stocks with the potential for dividend growth.
US
EQUITY
Active
MANAGEMENT STYLE
269.0 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 16, 2022 |
| Assets (mns) | $269 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AMGEN INC | 4.0 % |
| ABBVIE INC | 4.0 % |
| CHEVRON CORP | 3.2 % |
| GILEAD SCIENCES INC | 3.1 % |
| BRISTOL-MYERS SQUIBB CO | 3.0 % |
| DUKE ENERGY CORP | 2.8 % |
| PNC FINANCIAL SERVICES GROUP | 2.8 % |
| VERIZON COMMUNICATIONS INC | 2.8 % |
| JOHNSON & JOHNSON | 2.7 % |
| EVERGY, INC. | 2.6 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 234 |
| Wgt avg mkt cap (mns) | $0 |
| Large cap (>$10bn) | 97.0% |
| Mid cap ($2-10bn) | 4.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 101.2% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.7 % |
 |
BRITAIN | 3.5 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.2% | 10.5% | 7.4% | -- | -- | -- | -- | 3.6% |
| Dividend Yield | 0.0% | 1.0% | 2.3% | -- | -- | -- | -- | 2.4% |
| Total Returns | 3.2% | 11.5% | 9.8% | -- | -- | -- | -- | 6.1% | Ann. Volatility | 17.9% | 14.9% | 13.3% | -- | -- | -- | -- | 13.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.54 | 26% |
| MSCI EAFE | 0.74 | 52% |
| MSCI Emg Mkts | 0.55 | 15% |
Liquidity Measures
| Avg. volume (000) | 52 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| Recent close | $27.97 |
| 30d moving avg. | $27.26 |
| Annualized volatility | 13.2% |
| Relative strength (RSI) | 52 |
| Short interest | 0.9% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| HDV | iShares Core High Dividend ETF | 41.0% | -42 bp | +7.3% |
| LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 39.6% | -23 bp | +7.0% |
| DHS | WisdomTree U.S. High Dividend Fund | 38.0% | -12 bp | +8.2% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 37.2% | -15 bp | +7.8% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 37.1% | -12 bp | +7.8% |
| SCHD | Schwab US Dividend Equity ETF | 37.0% | -44 bp | +9.7% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 36.4% | -20 bp | +9.0% |
| SDOG | ALPS Sector Dividend Dogs ETF | 34.3% | -14 bp | +9.5% |
| TBG | TBG Dividend Focus ETF | 32.6% | +9 bp | +8.0% |
| SIXA | ETC 6 Meridian Mega Cap Equity ETF | 30.7% | +30 bp | +6.7% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 7/2/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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 Rating
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.
ALTAR Score™
FDV
7.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 963 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. FDV's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places FDV in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| (50 bp) Percentile rank | 35 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDV | 50.0 | 0.0 | 50 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .