Opal Dividend Income ETF (DIVZ)
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DIVZ Chart
DIVZ: How A 0.65% Expense Ratio Undermines Growth And Quality
DIVZ is an actively managed large-cap value fund aiming to provide consistent exposure to low-volatility stocks with above-average dividend yields. I estimate its forward yield to be 2.92%. DIVZ has a high 0.65% expense ratio, and apart from reducing total returns, this article explains why it drives DIVZ's selection process, and not in a good way. Since fees directly reduce distributions, DIVZ can't afford to own as many lower-yielding but higher-quality and higher-growth stocks as lower-cost alternatives, particularly FDVV.
DIVZ: A Defensive Dividend ETF
The Opal Dividend Income ETF offers a defensive, low-beta portfolio of high-dividend, mature companies with attractive valuations, focusing on capital preservation. DIVZ is overweight in utilities, energy, and consumer staples, underweight in technology, and delivers a 2.7% yield—higher than the S&P 500 but below some peers. While DIVZ excels in downside protection and low volatility, its modest growth profile and higher expense ratio limit long-term outperformance potential.
DIVZ: Active Dividend ETF With Low-Risk Profile
The Opal Dividend Income ETF has a concentrated portfolio of 30 dividend stocks selected based on quality and valuation. DIVZ has a focus on consumer staples and strong value characteristics. Distribution history shows a concerning downtrend, yet the fund reaches its objective of cutting volatility while keeping a decent total return.
Opal Dividend Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 150 | $5,253 | $5,765.25 | $512.25 | 9.75% |
| YA Yinka Akinsola Blue Trust Inc. | 23 | $836.28 | $882.28 | $46 | 5.5% |
 Joe-Ben O'Banion TITLEIST ASSET MANAGEMENT, LLC | 396,150 | $13.87M | $15.21M | $1.33M | 9.61% |
 Nicholas Jeffries M3 Advisory Group, LLC | 20,355 | $718,052.18 | $795,880.46 | $77,828.28 | 10.84% |
 Dan Wohlgemuth 49 WEALTH MANAGEMENT, LLC | 4.28M | $159.19M | $164.37M | $5.18M | 3.26% |
Opal Dividend Income ETF (DIVZ) FAQ
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Opal Dividend Income ETF Profile
| ARCA Exchange | US Country |
Overview
The fund in question operates as an actively-managed Exchange-Traded Fund (ETF) primarily focused on investing in a portfolio of dividend-paying stocks. It aims to select companies that not only pay dividends but are also expected to increase these dividends over time. Additionally, it places a strong emphasis on investing in stocks that are deemed to be trading at attractive valuations at the time of investment. To ensure a broad diversification and risk management, the fund usually maintains investments in 25-35 different companies at any given time. As part of its strategy, it commits at least 80% of its net assets, along with any borrowings for investment purposes, towards equity securities. This includes common stocks and American Depositary Receipts (ADRs), providing it with a mix of domestic and international exposure.
Products and Services
- Actively-Managed ETFs
This product is an exchange-traded fund that is actively managed by investment professionals. Unlike passive ETFs that track an index, this fund's managers actively select stocks based on the investment strategy of targeting companies that offer dividends and have the potential for dividend growth. This strategy aims to provide investors with a mix of income (through dividends) and capital appreciation.
- Equity Securities Investments
The fund invests primarily in equity securities, which include common stocks and American Depositary Receipts (ADRs). By committing at least 80% of its net assets to equity securities, the fund focuses on generating returns through the growth potential of these stocks and the income they can provide through dividends. The inclusion of ADRs allows the fund to have access to international markets, potentially diversifying the portfolio and reducing risk.
- Dividend-Paying Stocks Focus
Choosing stocks that not only pay dividends but are also expected to increase them over time is a central part of the fund's strategy. This approach aims to secure a steady income stream for the investors while also targeting companies that are in a good financial position to grow. By focusing on dividend growth, the fund endeavors to invest in companies that are less likely to cut their dividends, providing a more reliable income source.
