Franklin U.S. Core Dividend Tilt Index ETF (UDIV)
ARCA ARCA Primary Summary
UDIV Chart
UDIV: Robust Performance, Healthy Factor Mix, Worth Shortlisting
The Franklin US Core Dividend Tilt Index ETF is a passively managed vehicle tracking the Morningstar® US Dividend Enhanced Select IndexSM. UDIV has outperformed IVV and a few dividend ETFs since the strategy change in August 2022, capturing over 101% of IVV's upside. However, my analysis shows that compared to IVV, IT-heavy UDIV has weaker growth characteristics, which I believe will restrain its upside during the de-escalation rally.
Franklin U.S. Core Dividend Tilt Index ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 253 | $12,523.34 | $15,273.61 | $2,750.27 | 21.96% |
| KRB Kyle R. Bubeck Systelligence LLC | 57,394 | $3.4M | $3.43M | $32,427.61 | 0.95% |
| SR Scott Register Register Financial Advisors LLC | 1,454 | $87,382 | $87,945.19 | $563.19 | 0.64% |
 Joshua Stipcich Tidemark, LLC | 173 | $6,389 | $10,465.63 | $4,076.63 | 63.81% |
| KMA Kristy Michelle Afraimi BAM Wealth Management LLC | 30,418 | $1.65M | $1.82M | $163,024.66 | 9.86% |
Franklin U.S. Core Dividend Tilt Index ETF (UDIV) FAQ
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Franklin U.S. Core Dividend Tilt Index ETF Profile
| ARCA Exchange | US Country |
Overview
The company described appears to be a mutual fund or an exchange-traded fund (ETF) that focuses on investment in securities to match or track the components of a specific index. This index is the Morningstar® U.S. Target Market Exposure Index (Parent Index). The fund emphasizes investing a minimum of 80% of its assets in the securities that form part of this Parent Index. The primary strategy of the fund revolves around adhering to an optimization process applied to the Parent Index, aiming to produce a higher dividend yield compared to the Parent Index itself while ensuring the fund's performance does not significantly deviate from that of the Parent Index. This suggests a balanced approach towards achieving higher income through dividends while maintaining a close correlation with the Parent Index's movements and characteristics.
Products and Services
- Morningstar® U.S. Target Market Exposure Index-based Fund
This financial product is the cornerstone offering of the company. It is designed for investors looking to gain exposure to the U.S. equity market through an investment vehicle that seeks to replicate the performance of the Morningstar® U.S. Target Market Exposure Index. This involves an optimization process aimed at enhancing dividend yields without drifting significantly from the index's baseline performance. It is suitable for investors prioritizing income alongside moderate growth, who wish to maintain a level of market exposure congruent with the Parent Index's dynamics.
