arthon meekodong/iStock via Getty Images
TDVG strategy and portfolio
T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) started investing operations on 08/04/2020 with an objective of “dividend income and long-term capital growth.” It is an actively managed fund, which offers a lot of flexibility. On the downside, the strategy is impossible to duplicate or backtest like index-based exchange-traded funds, or ETFs. Moreover, this fund doesn’t disclose its holdings on a daily basis like most ETFs do. As of writing, the website shows the top 10 holdings as of 7/31/2023 (1-month delay) and the full holding list as of 6/30/2023 (2-month delay). However, a daily proxy portfolio is available, with a current overlap of 93.68% relative to the real portfolio. The fund’s expense ratio is 0.50%.
As described in the prospectus by T. Rowe Price, stock selection criteria include:
- above-average…
