FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD)
ETF overview
SDVD aims for an 8% annual distribution, before fees and expenses, over the annual dividend yield of the Russell 2000 Index. However, the delivery of the target income is not assured. Distributions stem from dividends from small- and mid-cap companies within the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index and premiums from selling naked index call options. These options are European style, written at-the-money, and will have expirations of less than 30 days. Each week, SDVD attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the Russell 2000 Index or related ETFs. The income from stock dividends and option premiums is expected to be distributed monthly. Investors should be aware that selling naked index call options carries a high level of risk.
Fund facts
- Expense ratio
- 0.85%
- Fund assets
- 885.73M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 9, 2023
- Number of holdings
- 173
Breakdown
Holdings (173)
| Name | Ticker | Weight |
|---|---|---|
| National HealthCare Corporation | NHC | 1.23% |
| Reinsurance Group of America, Incorporated | RGA | 1.09% |
| Williams-Sonoma, Inc. | WSM | 1.06% |
| The Hanover Insurance Group, Inc. | THG | 1.04% |
| OFG Bancorp | OFG | 1.04% |
| First BanCorp. | FBP | 1.04% |
| Interparfums, Inc. | IPAR | 1.03% |
| Expedia Group, Inc. | EXPE | 1.01% |
| VeriSign, Inc. | VRSN | 1.00% |
| Assurant, Inc. | AIZ | 1.00% |
| and 160 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD)
- Expense ratio
- 0.85%
- Fund assets
- 885.73M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 9, 2023
- Number of holdings
- 173
| Name | Ticker | Weight |
|---|---|---|
| National HealthCare Corporation | NHC | 1.23% |
| Reinsurance Group of America, Incorporated | RGA | 1.09% |
| Williams-Sonoma, Inc. | WSM | 1.06% |
| The Hanover Insurance Group, Inc. | THG | 1.04% |
| OFG Bancorp | OFG | 1.04% |
| First BanCorp. | FBP | 1.04% |
| Interparfums, Inc. | IPAR | 1.03% |
| Expedia Group, Inc. | EXPE | 1.01% |
| VeriSign, Inc. | VRSN | 1.00% |
| Assurant, Inc. | AIZ | 1.00% |
| and 160 more | ||
SDVD aims for an 8% annual distribution, before fees and expenses, over the annual dividend yield of the Russell 2000 Index. However, the delivery of the target income is not assured. Distributions stem from dividends from small- and mid-cap companies within the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index and premiums from selling naked index call options. These options are European style, written at-the-money, and will have expirations of less than 30 days. Each week, SDVD attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the Russell 2000 Index or related ETFs. The income from stock dividends and option premiums is expected to be distributed monthly. Investors should be aware that selling naked index call options carries a high level of risk.
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