- FDVV is a passively managed fund that tracks the Fidelity High Dividend Index. The benchmark is rebalanced only once a year, likely to minimize the portfolio turnover.
- The portfolio is overweight in mega- and large-cap stocks. U.S. stock market titans, AAPL and MSFT, occupy the two first positions.
- High margins and impressive capital efficiency are among the fund's essential advantages, and the Quant Profitability Grades illustrate that vividly.
- I would personally opt for a neutral stance, but the fund is definitely worth researching by quality-focused dividend investors.
For further details see:
FDVV: High-Yield Fund With Peculiar Stock Hierarchy