First Trust Vest SMID Rising Dividend Achievers Target Income ETF Trust Units
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About First Trust Vest SMID Rising Dividend Achievers Target Income ETF Trust Units
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Inception date
Nov 1, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
FT Portfolios Canada Co.
ISIN
CA33743Y1088
The fund seeks to invest all its assets in the US-listed ETF SDVD. The underlying ETF 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Producer Manufacturing
Stocks100.00%
Finance31.70%
Producer Manufacturing17.88%
Industrial Services7.84%
Technology Services6.03%
Consumer Non-Durables5.50%
Consumer Services5.48%
Consumer Durables4.75%
Retail Trade4.34%
Process Industries3.32%
Commercial Services2.72%
Electronic Technology2.65%
Distribution Services1.54%
Health Services1.41%
Non-Energy Minerals1.20%
Energy Minerals1.14%
Utilities0.85%
Health Technology0.79%
Communications0.45%
Transportation0.14%
Miscellaneous0.12%
Bonds, Cash & Other−0.00%
Cash0.14%
Rights & Warrants−0.14%
Stock breakdown by region
North America98.77%
Latin America0.73%
Europe0.50%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SDVD invests in stocks. The fund's major sectors are Finance, with 31.75% stocks, and Producer Manufacturing, with 17.90% of the basket. The assets are mostly located in the North America region.
SDVD top holdings are Comfort Systems USA, Inc. and InterDigital, Inc., occupying 1.36% and 1.29% of the portfolio correspondingly.
SDVD assets under management is 2.97 M CAD. It's fallen 0.51% over the last month.
SDVD fund flows account for 3.21 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SDVD doesn't pay dividends to its holders.
SDVD shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Nov 1, 2024, and its management style is Active.
SDVD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SDVD invests in stocks.
SDVD price has risen by 2.69% over the last month, and its yearly performance shows a −1.20% decrease. See more dynamics on SDVD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 9.18% increase in three-month performance and has increased by 2.66% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 9.18% increase in three-month performance and has increased by 2.66% in a year.
SDVD trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.