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Analyse: SPDR S&P US Dividend Aristocrats ETF

Dieser Aktien-ETF ist nach der Dividendenrendite gewichtet, begrenzt das Risiko allerdings mit einer breiten Streuung. 

Alastair Kellett 28.09.2012

Rolle im Portfolio

The SPDR S&P US Dividend Aristocrats ETF provides exposure to a subset of the U.S. equity market focusing on companies that have been consistent in paying out dividends to their shareholders. It is quite concentrated at the sector level, with 31.4% of the total in Consumer Staples stocks, and broadly diversified at the security level, with holdings limited to 4% each. The focus on companies that pay out earnings rather than reinvesting them tends to tilt the index away from growth names. Indeed, the fund lands in the Core-Value area of the Morningstar Style Box. Since 2000, the S&P High Yield Dividend Aristocrats Index, which is the benchmark for this fund, has experienced annual volatility of 15.4%, a little less than the broader S&P 500. That suggests investors should have a lengthy time horizon in mind when taking on this exposure, so that they can withstand the ups and downs. During the same period it has shown a correlation to the S&P 500 of 76%, and to the local-currency returns of the MSCI World Index of 70%. This fund, which pays out quarterly dividends received from its underlying constituents, could be suitable for investors looking for regular income while maintaining exposure to equities.

Fundamentale Analyse

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Über den Autor

Alastair Kellett  Al Kellett is an ETF analyst with Morningstar Europe.

Audience Bestätigung


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