Description

This exchange-traded fund endeavors to mirror the overall performance, including both capital growth and dividend income, of the Nasdaq US Rising Dividend Achievers Index, prior to deducting operational costs and fees. The fund typically allocates at least 90% of its net assets, along with any funds borrowed for investment purposes, to the securities that constitute this Index. The Index is designed to identify companies with a consistent history of increasing their dividend payments and possessing the financial robustness to sustain such increases into the future. Key factors considered during the Index construction process include a company's trajectory of earnings growth, its liquidity and leverage (cash relative to debt), and the proportion of its earnings paid out as dividends.