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First Trust Rising Dividend Achievers ETF
RDVY (First Trust Rising Dividend Achievers ETF) is an index US Dividend Equity ETF by First. With a 0.47% MER, it provides diversified exposure through 14 holdings. Quarterly distribution with a 1.03% yield.
RDVY by First is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.47% MER, its fees are in line with category averages.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.