This is a core holding in times like these IMHO -- it's no rocket ship, but look how well it weathered the March cofefe-19 dip. Better bad weather performance for sure, and decent acceleration in the upturn.
Comment:
Actually I checked and the holdings information is wrong at Fidelity. NEM is not a big short at DFND. Not sure how they got that wrong, but I am planning to buy a boatload of this tomorrow.
Their strategy: "The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period."