DIVP vs. FDV ETF Comparison

Comparison of Cullen Enhanced Equity Income ETF (DIVP) to Federated Hermes U.S. Strategic Dividend ETF (FDV)

DIVP

Cullen Enhanced Equity Income ETF

DIVP Description

DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.

Grade (RS Rating)

Last Trade

$25.36

Average Daily Volume

6,756

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDV

Federated Hermes U.S. Strategic Dividend ETF

FDV Description

Federated Hermes U.S. Strategic Dividend ETF is an exchange traded fund launched by Federated Hermes, Inc. It is co-managed by Federated Equity Management Company of Pennsylvania. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in dividend paying stocks of companies. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It employs proprietary research to create its portfolio. Federated Hermes U.S. Strategic Dividend ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$24.65

Average Daily Volume

17,209

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DIVP	FDV
30 Days	0.38%	0.36%
60 Days	1.90%	1.55%
90 Days		4.20%
12 Months		6.29%

4 Overlapping Holdings

Symbol	Grade	Weight in DIVP	Weight in FDV	Overlap
CAG	B	3.62%	2.58%	2.58%
CVX	B	3.56%	2.62%	2.62%
DUK	A	3.78%	2.88%	2.88%
VZ	D	4.03%	2.73%	2.73%

DIVP Overweight 6 Positions Relative to FDV

Symbol	Grade	Weight
EOG	B	4.25%
MDT	D	3.99%
CSCO	F	3.98%
PPL	A	3.98%
VICI	D	3.73%
BMY	F	3.54%

DIVP Underweight 6 Positions Relative to FDV

Symbol	Grade	Weight
AMGN	B	-3.21%
SO	A	-3.06%
PM	B	-3.01%
TXN	A	-2.95%
PNC	B	-2.85%
TGT	D	-2.68%