Summary
- 4.3% yielding FGD provides exposure to the universe of predominantly large- and mid-size dividend payers from the developed world including the U.S.
- FGD uses the Dow Jones Global Select Dividend Index as a benchmark. Its closest peer is IDV that tracks the Dow Jones EPAC Select Dividend Index.
- The fund is long 98 stocks, ten of which account for just 16.4% of the net assets.
- Over 47% of its net assets were in financial stocks as of May 18. The weight of players from the communication services is not even near close to it: it’s only north of 11%.
- FGD might be considered both as a tactical holding to benefit from the global economic recovery and a long-term dividend-oriented investment. But the elevated expense ratio of 0.57% can be a deal-breaker.
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