FDV Profile
Federated Hermes U.S. Strategic Dividend ETF (FDV) is an exchange-traded fund (ETF) that seeks to track the performance of the Strategic Dividend Index. The index is designed to provide exposure to U.S. companies with a strong history of paying dividends, and includes both large and mid-cap stocks.
The fund invests at least 80% of its assets in the component securities of the index, which is constructed using a proprietary methodology that takes into account a company's dividend yield, dividend growth rate, and payout ratio. The index is reconstituted and rebalanced annually.
FDV is managed by Federated Hermes, a global investment management firm with over $1 trillion in assets under management. The fund has an expense ratio of 0.59%, which is slightly above the average for similar dividend-focused ETFs. As of February 18, 2023, the fund's top holdings include Procter & Gamble, Microsoft, and Johnson & Johnson.
Investors who are interested in the potential for dividend income and capital appreciation from U.S. companies may find FDV to be a suitable investment option. However, as with any investment, it is important to conduct thorough research and consider factors such as investment objectives, risk tolerance, and portfolio diversification before making an investment decision.
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