SDVD: Just Offsetting Return Shortfall By 8% Yield

FT Vest SMID Rising Dividend Achievers Tgt In ETF employs a buy-write strategy on a dividend growth portfolio, generating an 8.25% distribution yield. The fund is well-diversified but overweight in industrials and financials, with risk and return metrics similar to its non-optioned counterpart SDVY. High fees, tax inefficiency compared to SDVY, and historical patterns in similar ETFs like RYLD support a Sell rating.

Seeking Alpha • 8 hours ago

SDVD: 8.5% Yield, Good Fundamentals, And A Red Flag

FT Vest SMID Rising Dividend Achievers Target Income ETF offers an 8.55% yield using a buy-write strategy in small and mid-caps. SDVD holds dividend growth stocks and sells short-term call options on the Russell 2000 Index. SDVD is well-diversified across holdings thanks to an equal-weight methodology, but is overweight in financials.

Seeking Alpha • Feb 9, 2025

First Trust Canada Launches New Enhanced Income ETF on Cboe Canada

TORONTO--(BUSINESS WIRE)---- $SDVD #Cboe--Cboe Canada is proud to announce the launch of a new ETF from First Trust Canada now trading on Cboe Canada under the symbol SDVD.

Business Wire • Nov 5, 2024

SDVD: Eat Your Cake And Keep It, Too - Tailored For Income Investors

The First Trust Vest SMID Rising Dividend Achievers Target Income ETF offers an 8.5% forward yield and aims for capital appreciation, making it attractive for income investors. SDVD's unique sector allocation, focusing on financials, industrials, and consumer cyclicals, positions it well for potential outperformance as interest rates fall. The ETF employs a dual strategy involving dividend growth picks and selling call options, providing a growing yield at a reasonable 0.85% expense ratio.

Seeking Alpha • Sep 27, 2024

First Trust Expands Its Target Income ETF® Lineup with Two New Funds

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust” or “FTA”), a leading provider of exchange-traded funds (“ETFs”) and outcome-based strategies, today announced it has launched the FT Cboe Vest SMID Rising Dividend Achievers Target Income ETF (Cboe: SDVD) and the FT Cboe Vest Technology Dividend Target Income ETF (Cboe: TDVI). Both funds are actively managed ETFs that seek to provide investors with current income and have a secondary objective of capital appreciation.

Business Wire • Aug 10, 2023