
This ETF is designed to replicate the investment results of the S&P U.S. Dividend Growers Index. It achieves this through a passively managed, full-replication approach, meaning it consistently invests fully in the index's components. The fund primarily targets large-capitalization companies that have a proven track record of consistently increasing their dividends year over year. Its low operational costs are intended to reduce discrepancies between its returns and those of its benchmark index. For at least 75% of its total assets, the fund operates under specific concentration limits: it generally avoids acquiring more than 10% of any single issuer's voting shares or investing over 5% of its total assets in the securities of one company. An exception to these rules can be made if necessary to precisely reflect the composition of its target index. These investment restrictions do not, however, apply to holdings in U.S. government or agency debt.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| AVGO | Broadcom Inc | 5.42% | $6.92B |
| AAPL | Apple Inc | 4.58% | $5.84B |
| MSFT | Microsoft Corp | 4.28% | $5.46B |
| LLY | Eli Lilly & Co | 3.85% | $4.92B |
| JPM | JPMorgan Chase & Co | 3.33% | $4.25B |
| XOM | Exxon Mobil Corp | 2.67% | $3.41B |
| JNJ | Johnson & Johnson | 2.39% | $3.05B |
| V | Visa Inc | 2.25% | $2.87B |
| WMT | Walmart Inc | 2.23% | $2.85B |
| CSCO | Cisco Systems Inc | 2.09% | $2.67B |
| COST | Costco Wholesale Corp | 1.87% | $2.38B |
| CAT | Caterpillar Inc | 1.79% | $2.29B |
| MA | Mastercard Inc | 1.77% | $2.26B |
| LRCX | Lam Research Corp | 1.75% | $2.23B |
| ABBV | AbbVie Inc | 1.69% | $2.16B |
| ORCL | Oracle Corp | 1.69% | $2.15B |
| UNH | UnitedHealth Group Inc | 1.52% | $1.94B |
| BAC | Bank of America Corp | 1.51% | $1.92B |
| PG | Procter & Gamble Co/The | 1.47% | $1.87B |
| HD | Home Depot Inc/The | 1.39% | $1.77B |
| KO | Coca-Cola Co/The | 1.35% | $1.72B |
| MRK | Merck & Co Inc | 1.30% | $1.66B |
| GS | Goldman Sachs Group Inc/The | 1.29% | $1.64B |
| IBM | International Business Machines Corp | 1.23% | $1.56B |
| TXN | Texas Instruments Inc | 1.22% | $1.56B |