Eventide High Dividend ETF (ELCV)
ARCA ARCA Primary Summary
ELCV Chart
Eventide Lists Broadly Focused Values-Based U.S. ETF
On Wednesday, Eventide Asset Management rolled out its second ETF that aligns its portfolio with Christian values. The firm benchmarks the actively managed Eventide US Market ETF (NYSE Arca: EUSM) to the Bloomberg U.S. 3000 Total Return Index.
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Eventide High Dividend ETF Profile
| ARCA Exchange | US Country |
Overview
This investment fund is designed for investors seeking to achieve an income through dividend-paying securities. It aims to attract those interested in maintaining or increasing their investment through dividends, rather than solely through capital gains. The fund pledges to invest a minimum of 80% of its net assets, plus any borrowed funds for investment purposes, in dividend-paying stocks and other dividend-yielding securities. By adhering to this strategy, the fund strives to offer a dividend yield that surpasses the average yield of the equity securities included in the Bloomberg US 3000 Total Return Index. This goal is ambitious, considering it is based on gross yield, thus positioning the fund as an appealing option for income-focused investors looking for a yield that potentially outperforms the broader market average.
Products and Services
- Dividend-Paying Securities Investment
The primary service offered by this fund involves the investment in dividend-paying securities. This category encompasses a wide array of investment options, such as stocks of companies that regularly return a portion of their profits to shareholders in the form of dividends, preferred stocks with fixed dividend payments, and other financial instruments offering regular income. This strategy is suitable for investors seeking regular income streams from their investments, alongside the potential for capital growth.
- Bloomberg US 3000 Total Return Index Yield Comparison
A distinctive aspect of the fund is its goal to provide a dividend yield greater than the average dividend yield of the equity securities listed in the Bloomberg US 3000 Total Return Index. This index represents a broad aspect of the U.S. equity market, encompassing both large and small-cap stocks across various sectors. The fund's performance, in terms of dividend yield, is measured against this index on a gross basis, which includes the dividends before any fees or taxes. This objective indicates the fund's ambition to offer competitive returns in the form of dividends when compared to a significant segment of the U.S. stock market.
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