SDVDFT Vest SMID Rising Dividend Achievers Target Income ETF
Seeks current income with a secondary objective of capital appreciation.
By First Trust · Launched 2023
0.85%
#4,336 of 5,562 · expensive
$831M
#1,221 of 5,562 · large
8.25%
2 years
#3,106 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Nasdaq US Small Mid Cap Rising Dividend Achievers Index
What it actually holds
By weightConcentration
Top 10 holdings = 11.9% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks current income with a secondary objective of capital appreciation.
- Strategy
- Invests primarily in U.S. small- and mid-cap equity securities from the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index. Utilizes a call option strategy on the Russell 2000 Index to enhance income through premiums while aiming for capital appreciation.
- Inception date
- August 9, 2023
- Fund family
- First Trust
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed SDVD. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19