Touchstone Dividend Select ETF (DVND)
ARCA ARCA Primary Summary
DVND Chart
DVND: Active High Fee Dividend ETF Faces An Uphill Battle
DVND selects 40-55 large-cap U.S. dividend-paying companies with competitive advantages and reasonable valuations. Its expense ratio is 0.50% and the ETF has $33 million in assets under management. The high ER reduces DVND's dividend yield to just 2.14%, putting it in the ballpark of other low-yielding funds like VIG. Others, including FDVV and SCHD, offer significantly higher yields. Investors will appreciate DVND's high-quality features, though its growth statistics are mixed. Despite allocating 25% to Technology, current selections have seen their earnings decline in the last three years.
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Touchstone Dividend Select ETF Profile
| ARCA Exchange | US Country |
Overview
This company operates as an investment fund, focusing primarily on investing a significant portion of its assets in equity securities of U.S. large-cap companies that have consistently paid dividends. It operates under normal market conditions, directing at least 80% of its assets into such securities, which may be listed on exchanges or available through over-the-counter transactions. The investment strategy underscores the importance of dividend payout history in its selection of large-cap companies, aiming to provide investors with potential income alongside capital growth opportunities. The fund is managed with flexibility, allowing for a shift in asset allocation towards cash and cash equivalents when the prevailing conditions or investment criteria necessitate such a change, such as when suitable investment opportunities are scarce.
Products and Services
- Equity Securities Investments
The fund commits at least 80% of its investment portfolio to equity securities of large-cap U.S. companies known for their history of paying dividends. These investments are designed to offer both growth and income, focusing on companies that have demonstrated financial stability and consistent dividend payouts, thereby appealing to investors seeking a mix of income generation and capital appreciation.
- Exchange-Listed and Over-The-Counter Securities
Investments are not limited to securities listed on major exchanges; the fund also considers over-the-counter (OTC) securities, providing a broader scope of investment opportunities. This approach enables the fund to explore a wider array of securities that meet its stringent criteria for dividend history and growth potential, even if those securities are not prominently featured on major exchange platforms.
- Cash and Cash Equivalents Management
The fund reserves the right to adjust its investment strategy and asset allocation, holding a higher percentage of cash and cash equivalents as deemed appropriate. This strategic flexibility is crucial for managing risks and ensuring liquidity, especially in scenarios where suitable equity investments that meet the fund's criteria are not available or during turbulent market conditions. This policy reflects the fund's commitment to prudent investment management and its dedication to safeguarding investor interests.
