- FDL is a $1.58 billion smart-beta fund following a passive investment strategy revolving around the most generous dividend payers in the United States.
- FDL was deeply recalibrated in June, with 43 holdings that accounted for almost a quarter of the net assets as of May 17 being removed.
- Financials slipped to 7th place, healthcare is now its top sector.
- Its factor exposure has changed only marginally.
- I am skeptical of the fund given the high turnover and burdensome expenses.
For further details see:
FDL: Still Not A Dream Dividend ETF After Portfolio Reshuffle