Schwab Fundamental US Broad Market ETF (FNDB) is a smart beta ETF with solid performance.

From Nasdaq: 2024-07-31 06:20:07

The Schwab Fundamental U.S. Broad Market ETF (FNDB) was launched in 2013, offering exposure to the Style Box – All Cap Value category. Smart beta ETFs like FNDB track non-cap weighted strategies, choosing stocks based on fundamental characteristics. With over $795.13 million in assets, FNDB aims to match the performance of the Russell RAFI US Index.

Market cap weighted indexes dominate the ETF industry, offering low-cost, transparent returns. Smart beta funds like FNDB track non-cap weighted strategies, selecting stocks based on specific fundamental characteristics. FNDB’s expense ratio is 0.25% annually, with a trailing dividend yield of 1.70%. The fund’s top sector allocation is in Financials at 20.20%.

FNDB has gained 12.24% year-to-date and 17.61% over the last 12 months. With a beta of 1 and standard deviation of 15.81%, it is a medium-risk choice. Alternatives to FNDB include DFAT and IUSV, with expense ratios of 0.28% and 0.04% respectively. Investors seeking lower risk can consider traditional market cap weighted ETFs in the same segment.

Investors interested in FNDB can find more information and compare it with other ETFs at Zacks ETF Center. For weekly updates on top-performing ETFs, sign up for Zacks’ free Fund Newsletter. Additional stock analysis and recommendations can be found at Zacks Investment Research.



Read more at Nasdaq: Is Schwab Fundamental U.S. Broad Market ETF (FNDB) a Strong ETF Right Now?