2024-05-20 07:07:55 ET
Summary
- MBOX is an actively managed vehicle that pursues promising dividend growth stories. Its strategy is based on fundamental analysis and quantitative methods.
- Incepted in May 2021, MBOX has had a fairly impressive run, beating the market proxied with IVV, as well as a few dividend-growth-focused peers.
- In its portfolio, quality is nicely balanced with the value factor, while interesting dividend growth stories are abundant.
- Issues also do exist, chief among them being the decline in TTM distributions. Another problem is its rather small exposure to the growth factor.
- I believe it is worth shortlisting the fund, but a Buy rating is unjustified.
Today, I would like to initiate coverage of the Freedom Day Dividend ETF ( MBOX ), an actively managed vehicle offering exposure to the dividend growth factor. It is focused on U.S. companies, though exceptions do exist. Incepted in May 2021, the ETF has AUM of $101.47 million. The expense ratio is reasonable at 39 bps ....
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MBOX: An Underfollowed Dividend Growth Strategy Worth Shortlisting