SDVY First Trust SMID Cap Rising Dividend Achievers ETF
Seeks to track, before fees and expenses, the NASDAQ US Small Mid Cap Rising Dividend Achievers Index. To be eligible for inclusion in the Index, a security must meet the following requirements: 1) be a member of the Nasdaq US Mid Cap Index (NQUSM) or Nasdaq US Small Cap Index (NQUSS), excluding real estate investment trusts, with a minimum market cap of $500 million. 2) must have paid a dividend in the trailing twelve-month period greater than the dividend paid in the trailing twelve-month period three and five years prior; 3) positive earnings per share in the most recent fiscal year greater than the earnings per share three fiscal years prior; 4) cash to debt ratio greater than 25%; and 5) trailing twelve-month period payout ratio no greater than 65%. Securities eligible for inclusion will be ranked descending by dollar dividend increase over the previous five year period and the current dividend yield and ascending by the payout ratio. The resulting ranks will be aggregated into a single score and the 100 securities with the lowest aggregated rank are selected for the Index inclusion.
$25.77 -0.63 (-2.39%)
As of 03/15/2023 15:02:32 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad market
Category3: Small and mid cap
Morningstar category: Mid-Cap Value
Leverage factor: 1.00
Inception date: 11/02/2017
Index tracking method: Passive replication
Current yield: 2.12%
Historical average yield: 1.59%
Market cap: $1,179,952,378
Average volume: 194,682
Fees: 0.6000%
Index Information
NASDAQ US Small Mid Cap Rising Dividend Achievers Index
Index symbol: NQDVSMR
Provider: NASDAQ OMX
Total return index symbol: NQDVSMRT
Index weighting: Equal weighted
Index inception date: 09/18/2017
Backtesting data exists: Yes
Number of holdings: 100
Strategy: Multi-factor investing
Factors used to select securities: