LVHD
Franklin U.S. Low Volatility High Dividend Index ETF
The Legg Mason Low Volatility High Dividend ETF tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
568.5 M
ASSETS UNDER MGMT
27 bp
EXPENSES
Fund Basics
| Fund sponsor | Legg Mason |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 28, 2015 |
| Assets (mns) | $569 |
| Expense ratio | 27 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALTRIA GROUP INC | 2.8 % |
| AMERICAN ELECTRIC POWER | 2.7 % |
| SOUTHERN CO | 2.7 % |
| LOCKHEED MARTIN CORP | 2.7 % |
| COCA-COLA CO/THE | 2.6 % |
| JOHNSON & JOHNSON | 2.6 % |
| KEURIG DR PEPPER INC. | 2.5 % |
| US BANCORP | 2.5 % |
| HOME DEPOT INC | 2.5 % |
| XCEL ENERGY INC | 2.5 % |
Constituent Breakdown
| Number of holdings | 118 |
| Herfindahl-Hirschman Index | 177 |
| Wgt avg mkt cap (mns) | $92,194 |
| Large cap (>$10bn) | 88.2% |
| Mid cap ($2-10bn) | 10.2% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.5 % |
 |
IRELAND | 2.3 % |
 |
BRITAIN | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.5% | 18.5% | 5.5% | 4.4% | 6.0% | -- | 8.4% | Volatility | 11.0% | 11.6% | 12.4% | 13.8% | 19.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 61% |
| MSCI EAFE | 0.73 | 71% |
| MSCI Emg Mkts | 0.57 | 42% |
Liquidity Measures
| Avg. volume (000) | 51 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $20,604 |
Technical Indicators
| Recent close | $40.61 |
| 30d moving avg. | $40.50 |
| Annualized volatility | 15.3% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LVHD |
Expenses vs. LVHD |
ALTAR Score™ vs. LVHD |
|---|---|---|---|---|
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 43.1% | +8 bp | +0.5% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 42.9% | +11 bp | +0.5% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 38.8% | +3 bp | +1.1% |
| HDV | iShares Core High Dividend ETF | 36.0% | -19 bp | +0.0% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 35.8% | -20 bp | +1.7% |
| SCHD | Schwab US Dividend Equity ETF | 35.8% | -21 bp | +2.1% |
| MDLV | Morgan Dempsey Large Cap Value ETF | 33.6% | +31 bp | +0.8% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 33.1% | +18 bp | +1.8% |
| DHS | WisdomTree U.S. High Dividend Fund | 32.1% | +11 bp | +0.4% |
| DVY | iShares Select Dividend ETF | 31.7% | +11 bp | +0.9% |
Risk and Returns: LVHD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
LVHD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
LVHD
7.0%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. LVHD's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places LVHD in the 75th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LVHDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| LVHD (27 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LVHD | 27.0 | 5.8 | 32.8 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .