SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)
ARCA ARCA Primary Summary
SPDG Chart
SPDG: This Relatively New ETF May Be SCHD's Suitable Replacement As A Core Holding
SCHD remains a reliable income ETF but has underperformed the S&P 500 and peers due to lower tech exposure and recent portfolio changes. Despite SCHD's attractive 3.81% yield and low P/E, some investors may seek alternatives with higher growth potential. SPDR Portfolio S&P Sector Neutral Dividend ETF offers a strong tech weighting (31%) and a competitive 2.81% yield.
SPDG: Showing Promising Initial Dividend Growth And Performance
SPDG outperformed the S&P 500 Index on a total return basis, offering a competitive 3.27% SEC yield and a low expense ratio of 0.05%. The ETF's AUM grew from under $5.5 million to over $10 million, showing increased investor interest, but that's still very low AUM. SPDG's portfolio avoids the "Magnificent 7" tech stocks, providing diversification and stability, with a forward P/E of 14.8x, indicating a value-oriented approach.
SPDR Portfolio S&P Sector Neutral Dividend ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JRW Jonathan R. Weatherly Concord Asset Management, LLC/VA | 28,293 | $983,834.44 | $1.34M | $351,878.09 | 35.77% |
| RC Rana Choubah Meridian Financial Advisors, LLC | 11,837 | $427,570.02 | $558,824.77 | $131,254.75 | 30.7% |
SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) FAQ
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SPDR Portfolio S&P Sector Neutral Dividend ETF Profile
| ARCA Exchange | US Country |
Overview
At the core of this strategy is a fundamental approach to tracking the performance of a significant financial metric, namely the S&P Composite 1500® Index. This index is instrumental in gauging the market movements of a broad spectrum of companies, encapsulating a wide variety of sectors and industries, hence offering a comprehensive snapshot of the overall market health. The unique method adopted by the fund advisor in capturing the essence of this index involves a sampling strategy. This means that instead of committing to purchase every single security listed in the index, the fund selectively invests in a representative sample. This approach is not only cost-effective but also allows for a more flexible management style, accommodating the fund's non-diversified nature.
Products and Services
- Sampling Strategy Investment Approach
This innovative investment strategy signifies a pivotal shift from traditional index fund management. By opting to invest in a sample of securities from the broader S&P Composite 1500® Index, the fund seeks to replicate the performance of the index without mirroring its exact composition. This method provides several advantages, including reduced transaction costs and increased flexibility in fund management, making it an attractive option for those looking to invest in a representation of the U.S. equity market as a whole.
- Non-Diversified Fund Structure
Characterized by its non-diversified status, the fund operates with a more concentrated investment strategy. Unlike diversified funds, which spread investments across a wide range of securities to minimize risk, a non-diversified fund may invest more heavily in a smaller selection of securities. This approach can potentially offer higher returns but comes with an increased level of risk, as the fund's performance is more closely tied to the fortunes of fewer investments. Investors considering this fund should be aware of the greater risk/reward ratio intrinsic to the non-diversified fund structure.
