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SDVDFT Vest SMID Rising Dividend Achievers Target Income ETF

Get income2y track recordRanked #754 of 1,650 in this goal

Seeks current income with a secondary objective of providing capital appreciation.

By First Trust · Launched 2023

Annual Cost

0.85%

#4,514 of 5,861 · expensive

Fund Size

$893M

#1,198 of 5,861 · large

Dividend YieldGoal

5.23%

Track Record

2 years

#3,029 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,238+22.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Nasdaq US Small Mid Cap Rising Dividend Achievers Index

What it actually holds

By weight

Concentration

Top 10 holdings = 13.1% of fund✓ well diversified

COMFORT SYSTEMS USA INC
1.9%
POWELL INDUSTRIES INC
1.5%
ENERSYS
1.5%
WEATHERFORD INTERNATIONAL PLC
1.3%
PRIMORIS SERVICES CORP
1.3%
CLEAR SECURE INC
1.2%
EMCOR GROUP INC
1.2%
MUELLER INDUSTRIES INC
1.1%
ALLISON TRANSMISSION HOLDINGS INC
1.1%
ATMUS FILTRATION TECHNOLOGIES INC
1.1%

Asset allocation

Stocks
99.8%
Cash
0.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.5%Moderate

Year-on-year price swings

Max drawdown
-24.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income with a secondary objective of providing capital appreciation.
Strategy
Invests primarily in U.S. exchange-traded equity securities of small- and mid-cap companies in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index. Aims to generate current income and capital appreciation through dividends and option premiums.
Inception date
August 9, 2023
Fund family
First Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04