Making its debut on 08/27/2007, smart beta exchange traded fund First Trust STOXX European Select Dividend ETF (FDD) provides investors broad exposure to the European Equity ETFs category of the market.
Designed to provide broad exposure to the European Equity ETFs category of the market, the First Trust STOXX European Select Dividend ETF (FDD) is a smart beta exchange traded fund launched on 08/27/2007.
Launched on 08/27/2007, the First Trust STOXX European Select Dividend ETF (FDD) is a smart beta exchange traded fund offering broad exposure to the European Equity ETFs category of the market.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 13,275 | $159,164.78 | $266,960.25 | $107,795.47 | 67.73% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 137,347 | $2.55M | $2.81M | $266,461.04 | 10.46% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 223,991 | $3.12M | $4.57M | $1.45M | 46.56% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 20,706 | $366,551.4 | $424,330.13 | $57,778.73 | 15.76% |
| NA Nizar Araji National Bank Of Canada /FI/ | 2,670 | $46,725 | $54,716.58 | $7,991.58 | 17.1% |
| ARCA Exchange | US Country |
The fund described is a financial instrument that primarily focuses on investing in high dividend-yielding securities within Europe. It is designed to replicate the performance of a selected index, which comprises 30 notable securities extracted from the broader STOXX Europe 600 Index. These securities are distinguished not only by their high dividend yields but also by their robust financial health, evidenced by a non-negative dividend-per-share growth rate over the past five years and a conservative dividend-to-earnings ratio of 60% or less. This careful selection criterion ensures that the fund invests in financially stable companies capable of sustaining and possibly increasing their dividend payouts, making it an attractive option for income-focused investors.
At its core, the fund engages in the purchase of common stocks and depositary receipts, focusing on those that are part of the index it aims to emulate. These include shares and receipts of companies with high dividend yields, selected for their financial stability and potential for steady income generation.
This service revolves around the meticulous selection of 30 high-dividend yielding securities from the STOXX Europe 600 Index. To qualify, a security must not only offer an attractive dividend yield but also demonstrate a non-negative dividend-per-share growth rate over a five-year period, alongside maintaining a dividend-to-earnings ratio of 60% or less. This ensures that only companies with sustainable dividend policies and sound financial health are included in the fund's portfolio.