SPDV
AAM S&P 500 High Dividend Value ETF
The AAM S&P 500 High Dividend Value ETF seeks to provide investment results that, before fees and expenses, track the total return performance of the S&P 500 Dividend and Free Cash Flow Yield Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
61.2 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Advisors Asset Mgmt |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 28, 2017 |
| Assets (mns) | $61 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VISTRA ENERGY CORP. | 3.4 % |
| TAPESTRY, INC. | 2.7 % |
| SNAP-ON INC | 2.2 % |
| CUMMINS INC | 2.2 % |
| WILLIAMS COS INC | 2.2 % |
| NRG ENERGY INC | 2.2 % |
| KINDER MORGAN INC | 2.2 % |
| 3M CO | 2.1 % |
| INTL BUSINESS MACHINES CORP | 2.1 % |
| CF INDUSTRIES HOLDINGS INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 54 |
| Herfindahl-Hirschman Index | 192 |
| Wgt avg mkt cap (mns) | $68,108 |
| Large cap (>$10bn) | 95.2% |
| Mid cap ($2-10bn) | 4.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
BRITAIN | 3.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.5% | 31.5% | 11.9% | 10.9% | 9.4% | -- | 8.6% | Volatility | 12.8% | 13.6% | 14.8% | 16.7% | 23.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 66% |
| MSCI EAFE | 0.86 | 68% |
| MSCI Emg Mkts | 0.64 | 38% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $16,797 |
Technical Indicators
| Recent close | $32.65 |
| 30d moving avg. | $34.42 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.7% |
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. SPDV |
Expenses vs. SPDV |
ALTAR Score™ vs. SPDV |
|---|---|---|---|---|
| SDOG | ALPS Sector Dividend Dogs ETF | 52.2% | +7 bp | -0.3% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 43.2% | -22 bp | -0.7% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 39.6% | +1 bp | -1.5% |
| DVY | iShares Select Dividend ETF | 31.0% | +9 bp | -1.5% |
| FCFY | First Trust S&P 500 Diversified Free Cash Flow ETF | 30.4% | +31 bp | -1.0% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 30.4% | +6 bp | -2.0% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 30.2% | +9 bp | -2.0% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 28.3% | +16 bp | -0.6% |
| QDIV | Global X S&P 500 Quality Dividend ETF | 27.6% | -9 bp | -2.2% |
| VLUE | iShares MSCI USA Value Factor ETF | 26.8% | -14 bp | +0.6% |
Risk and Returns: SPDV 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 12/20/2024
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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
SPDV
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
SPDV
10.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. SPDV's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places SPDV in the 96th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPDVSELL
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 |
| SPDV (29 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPDV | 29.0 | 28.7 | 57.7 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .