At a glance
FDIV charges 0.35% a year. It has $58.7M in assets; it paid 2.45% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +5.8% with distributions reinvested (S&P 500: +11.5%); over three years it returned +13.8% a year. Its ten largest positions make up 21.8% of the fund, out of 61 in all.
The short version
MarketDesk Focused U.S. Dividend ETF (FDIV) is an actively managed fund. It uses a rules-based screen to hold roughly 60 to 80 U.S. dividend-paying stocks and rebuilds the portfolio every month. It charges 0.35% a year and spreads its money evenly: no holding topped 2.31% as of July 31, 2026. The trade-offs are heavy trading (242% turnover) and small size, at about $59 million in net assets.
Price history
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FDIV +5.8% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| FDIV official prospectus, to Dec 31, 2024 | — | +4.97% | — | — | — | +9.40% |
| FDIV price data to Oct 27, 2026 | +4.2% | +5.8% | +13.8% | — | — | -7.4% |
- Over the year to Oct 27, 2026, FDIV returned +5.8%.
- Its worst full calendar year was 2025 (+7.0%); its best was 2024 (+11.8%).
- The deepest fall in its price history was 46.8% (Sep 14, 2023 to Oct 27, 2023), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +4.2% | — |
| 2025 | +7.0% | — |
| 2024 | +11.8% | +4.97% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.4700 | |
| 2025 | $1.8200 | -26.6% |
| 2024 | $2.4800 |
What's inside
As of Jul 31, 2026, the fund held 61 securities; the ten largest made up 21.75% of assets.
| Holding | Weight | |
|---|---|---|
| Lamb Weston Holdings Inc | 2.31% | |
| Allstate Corp | 2.28% | |
| Hanover Insurance Group Inc | 2.25% | |
| Millicom International Cellular SA | 2.20% | |
| Amgen Inc | 2.19% | |
| Bank of America Corp | 2.12% | |
| MSC Industrial Direct Co Inc | 2.12% | |
| Johnson & Johnson | 2.10% | |
| Brown-Forman Corp | 2.09% | |
| T Rowe Price Group Inc | 2.09% | |
| AbbVie Inc | 2.08% | |
| American Financial Group Inc/OH | 2.08% | |
| Snap-on Inc | 2.07% | |
| Rockwell Automation Inc | 2.04% | |
| Waste Management Inc | 2.04% |
By country
United States 92.07%Bermuda 2.98%Luxembourg 2.2%Ireland 1.66%Liberia 1%By asset type
Stocks 99.91%By sector
Sectors of the companies held, for the 54.8% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $13.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -2.04%, +1.84%, +0.19%.
How it works
FDIV does not track an index. ETF Architect issues the fund, and a sub-adviser, MarketDesk Indices LLC, picks the stocks using a fixed set of rules. At least 80% of net assets go into U.S. companies that pay dividends and are expected to raise them over time. The starting pool is U.S.-listed stocks worth more than $1 billion. The rules then drop real estate investment trusts (REITs, companies that own property and pay out most of their income). They also drop stocks yielding less than 1.25%, stocks trading less than $25 million a day on average over three months, and companies with less than 40% of their shares freely traded.
Next come quality screens, such as return on equity (profit compared with shareholders' money) and cash flow compared with debt. Then a five-year check on each company's dividend history keeps those with steady or rising payouts. The sub-adviser also looks for stocks it believes trade below their fair value. The result is about 60 to 80 stocks, and the whole process repeats monthly. That produced 242% turnover in the prospectus, meaning the fund replaced its holdings more than twice over in a year. Trading costs are not included in the expense ratio.
As of July 31, 2026, the fund held 61 stocks, no derivatives and almost no cash. The 10 largest made up just 21.75% of assets, led by Lamb Weston (2.31%), Allstate (2.28%) and Hanover Insurance (2.25%).
What it really costs
- FDIV charges 0.35% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $36 in the first year and $443 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| FDIV | $36 | $113 | $197 | $443 |
In a retirement portfolio
FDIV screens for companies with steady dividend records and pays out quarterly, though its yield is moderate rather than high.
FDIV could add dividend income from established companies such as Allstate, Amgen and Johnson & Johnson. Its trailing 12-month yield was 2.45% ($0.68 per share) as of October 27, 2026, paid quarterly. It costs 0.35% a year, which works out to $36 in the first year and $443 over 10 years in the SEC's standard $10,000 example. The fund launched in September 2023, so it has no record through the 2008, 2020 or 2022 sell-offs. Its deepest drop in the three years to October 27, 2026 was 16.2%, and it has had no losing calendar year so far. With so little history, it is hard to judge how it would hold up for someone who has to sell shares or draw income in a bad year. Its small size and $13.7 million of outflows over three months are also worth watching. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting a dividend fund that screens for quality and dividend history, with about 61 evenly sized holdings, for a 0.35% expense ratio.
- Those wanting quarterly income from established companies; the trailing yield was 2.45% as of October 27, 2026.
- Investors who prefer even weights over funds dominated by a few giants; no stock exceeded 2.31% as of July 31, 2026.
Look elsewhere if
- Investors wanting a long track record: FDIV launched in September 2023 and has no history through the 2008, 2020 or 2022 downturns.
- Those uneasy with heavy trading: monthly rebalancing drove 242% turnover, which adds trading costs that are not in the expense ratio.
- Investors who prefer large, heavily traded funds: net assets were about $59 million as of July 31, 2026, after $13.7 million of outflows over three months.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Does FDIV pay monthly dividends?
No. FDIV pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $0.68 per share, a trailing yield of 2.45%. Payments can change from quarter to quarter. The fund's holdings decide their own dividends, and the prospectus notes that companies with a history of paying dividends are not required to keep paying them. The fund also reshuffles its holdings monthly, so the mix of payers changes over time.
What stocks are in FDIV?
As of July 31, 2026, FDIV held 61 stocks, each around 2% of the fund. The largest were Lamb Weston (2.31%), Allstate (2.28%), Hanover Insurance (2.25%), Millicom (2.20%), Amgen (2.19%), Bank of America (2.12%), MSC Industrial (2.12%) and Johnson & Johnson (2.10%). The top 10 made up only 21.75% of assets. Financials, health care and industrials were the largest sectors among the holdings with sector data. REITs are excluded.
Is FDIV an index fund?
No. FDIV is an actively managed ETF, but it follows a rules-based process rather than a manager's judgment calls. The sub-adviser, MarketDesk Indices LLC, screens U.S. stocks for dividend yield, trading volume, financial quality and five-year dividend consistency, then picks about 60 to 80 names. It repeats the process every month. As a result, turnover reached 242% in the prospectus, much more trading than a typical index fund.
What is FDIV's return since inception?
According to its prospectus, FDIV returned 4.97% in 2024 and 9.4% a year on average from its September 2023 launch through December 31, 2024. Based on market prices, it returned 5.8% over the year to October 27, 2026, and 13.8% a year over three years. Its strongest quarter was up 8.15% (the third quarter of 2024). Its weakest was down 5.63% (the fourth quarter of 2024).
Is FDIV good for retirement income?
FDIV may suit retirees looking for quarterly dividends from financially healthy companies, but it has drawbacks. The trailing yield was 2.45% as of October 27, 2026, and the fund costs 0.35% a year, or $443 over 10 years in the SEC's $10,000 example. It launched in 2023, so it has not been tested in a major bear market. It is also small, at about $59 million in net assets as of July 31, 2026.