HDV iShares Core High Dividend ETF
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HDV iShares Core High Dividend ETF
Seeks to track, before fees and expenses, the Morningstar Dividend Yield Focus Index. The Index starts with stocks in Morningstar US Market Index, a broad market index representing 97% of U.S. equity market capitalization. REITs are not included in the index. The index then eliminates stocks that do not meet certain quality and fundamental measures: 1) Company quality is determined based on Morningstar Economic Moat and Uncertainty ratings, where companies are expected to earn above-average profits and sustain their dividend. Companies must have a moat rating of narrow or wide and an uncertainty rating that is not very high or extreme. 2) Companies are screened for financial health using Morningstar’s Distance to Default measure. A company must have a Morningstar Distance to Default score in the top 50% within its sector. From the remaining companies, the index selects the 75 companies with the highest dividend yield.
$97.23 -1.23 (-1.25%)
As of 03/23/2023 16:00:00 EST IEX book CBOE book
ETF Information
Sponsor: iShares
Category1: US Equity
Category2: Broad Market
Category3: Multi-cap
Morningstar category: Large Value
Leverage factor: 1.00
Inception date: 03/29/2011
Index tracking method: Passive replication
Current yield: 3.03%
Historical average yield: 3.45%
Market cap: $10,880,037,000
Average volume: 771,504
Fees: 0.0800%
Index Information
Morningstar Dividend Yield Focus Index
Index symbol: MDYF
Provider: Morningstar
Total return index symbol: MDYFT
Index weighting: Dividend weighted
Index inception date: 01/10/2010
Backtesting data exists: No
Index methdology guide: Read PDF
Number of holdings: 75
Strategy: Multi-factor investing
Factors used to select securities: