The largest holding weighs 2.78%, so risks related to individual stocks are low. The top 10 holdings, listed in the next table with some fundamental ratios, represent about 25.5% of asset value. LVHD sectors (Chart: author data: Fidelity) It underweights a lot technology, consumer discretionary, healthcare and ignores energy. Compared to the S&P 500 ( SPY), the fund overweights these two sectors, and also real estate, industrials and materials. The heaviest sectors are utilities (23%) and consumer staples (19.8%). companies (98.1% of asset value) of the large cap (58.1%) and mid-cap (32.6%) segments. The Underlying Index's components are reconstituted annually and rebalanced quarterly.ĭuring the most recent fiscal year, the fund had a turnover rate of 52% of the average portfolio value. At the time of each reconstitution, no individual component of the Underlying Index will exceed 2.5% of the Underlying Index, no individual sector will exceed 25% of the Underlying Index, and real estate investment trust ("REIT") components as a whole will not exceed 15% of the Underlying Index. Franklin Advisers anticipates that the number of component securities in the Underlying Index will range from 50 to 100. The methodology calculates a composite "stable yield" score, with the yield of stocks with relatively higher price volatility and earnings volatility adjusted downward and the yield of stocks with relatively lower price volatility and earnings volatility adjusted upward. Stocks whose yields are not supported by earnings are excluded from the Underlying Index. Stocks in the Underlying Index must have demonstrated profitability over the last four fiscal quarters as a whole.
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As of writing this, LVHD has 99 holdings, a SEC Yield of 3.24% and a net expense rate of 0.27%.Īs described on Franklin Templeton website:
The Legg Mason Low Volatility High Dividend ETF ( NASDAQ: LVHD) has been tracking the QS Low Volatility High Dividend Index since.
#Finance calculator staples update
As holdings and their weights change over time, I may update reviews, usually once a year.
#Finance calculator staples series
This dividend ETF article series aims at evaluating products regarding the relative past performance of their strategies and quality metrics of their current portfolios. Wichayada suwanachun/iStock via Getty Images
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