FNDB is a smart beta ETF tracking fundamental characteristics for potential outperformance

From Nasdaq: 2024-05-29 06:20:05

The Schwab Fundamental U.S. Broad Market Index ETF (FNDB) launched on 08/13/2013, offering exposure to the Style Box – All Cap Value category. Smart beta ETFs like FNDB track non-cap weighted strategies, selecting stocks based on fundamental characteristics for potential outperformance. FNDB is managed by Charles Schwab, matching the Russell RAFI US Index.

With an expense ratio of 0.25%, FNDB aims to replicate the performance of its index, the Russell RAFI US Index, measuring constituent companies by fundamental scores. With a 12-month trailing dividend yield of 1.73%, FNDB has a sector allocation of about 19.80% in Financials, with top holdings like Apple Inc (AAPL) and Microsoft Corp (MSFT).

Year-to-date, FNDB has gained about 6.92% and 23.12% over the past 12 months. With a beta of 1.02 and a standard deviation of 16.04%, FNDB offers medium-risk exposure with 1682 holdings for diversification. Investors may also consider alternatives like DFAT and IUSV for exposure to the Style Box – All Cap Value market segment.

For more information on ETFs like FNDB and investment strategies, visit the Zacks ETF Center. Sign up for Zacks’ free Fund Newsletter for top news and analysis on ETF investing. Get the latest recommendations from Zacks Investment Research and download the 7 Best Stocks for the Next 30 Days.

Explore options like DFAT and IUSV or stick with traditional market cap weighted ETFs to match returns in the Style Box – All Cap Value segment. Stay informed with Zacks Investment Research for ETF analysis and stock recommendations.



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