FLDZ ISSUER
The RiverNorth Patriot ETF is an actively-managed exchange-traded fund (ETF) that focuses on investing in equity securities, including common stocks of mid-cap and large-cap companies, connected to the U.S. economy. RiverNorth Capital Management, LLC serves as the sub-adviser for the fund and identifies companies tied to the U.S. economy based on specific criteria, such as being organized under U.S. laws, primarily trading in the U.S., and generating at least 90% of their revenue from U.S. activities. The portfolio construction is at the discretion of the sub-adviser, considering factors like market sector and industry weightings, and the fund is classified as a non-diversified investment company. Additionally, the sub-adviser donates a majority of its sub-advisory fee or 100% of profits from managing the fund to the Folds of Honor Foundation, a 501(c)(3) non-profit organization that provides scholarships to families of veterans, making the RiverNorth Patriot ETF an impactful investment option with a charitable focus.
FLDZ DIVIDEND
The RiverNorth Patriot ETF, while primarily focused on actively managing equity securities tied to the U.S. economy, also has a dividend component. To be eligible for inclusion in the fund's portfolio, companies must meet certain criteria, including being organized under U.S. laws, trading principally in the U.S., and generating at least 90% of their revenue from U.S. activities. The portfolio is constructed at the discretion of the sub-adviser, and the dividend distribution will depend on the dividend policies and performances of the underlying companies in the ETF. Investors in the RiverNorth Patriot ETF may benefit from both capital appreciation and potential dividend returns.
FLDZ TRACKING
At the heart of the Franklin FTSE Developed ex U.S. ETF (FLDZ) lies a commitment to tracking the performance of the FTSE Developed ex U.S. Index. FLDZ achieves this objective by investing in a diverse selection of developed-market stocks outside the United States. Investors choosing FLDZ gain exposure to an array of international companies, spanning various sectors, and can leverage the ETF as a tool to gauge the performance of developed markets beyond the U.S. The fund's dedication to tracking the FTSE Developed ex U.S. Index positions it as an attractive option for those seeking international diversification in their investment portfolios.
FLDZ CORRELATION
While specific correlation details for the Franklin FTSE Developed ex U.S. ETF (FLDZ) are not provided here, understanding an ETF's correlation with relevant markets is essential for investors. Correlation measures the relationship between the ETF and its benchmark index, influencing how it may perform relative to market changes. Investors can leverage the ETF Insider tool, which offers a comprehensive web app for studying correlations. This powerful tool provides deep and interesting data on correlations for various U.S. ETFs, allowing investors to visualize overlaps and make informed decisions based on a nuanced understanding of market dynamics.
FLDZ SECTOR
The First Trust RiverFront Dynamic Developed International ETF (FLDZ) is predominantly invested in the international developed markets sector. This ETF offers exposure to a wide range of developed countries, providing investors with the opportunity to diversify their portfolios beyond the United States. FLDZ aims to capture the growth potential and stability of economies in regions such as Europe, Japan, and Australia, making it a suitable choice for those seeking international investment opportunities while managing risk through diversification.
FLDZ EXPOSURE
The exposure characteristic of the FLDZ ETF is primarily centered on mid-cap and large-cap companies in the U.S. equity market. This actively-managed exchange-traded fund seeks to invest in equity securities of companies that are deeply tied to the U.S. economy, with specific criteria that include being organized under U.S. laws, trading mainly in the U.S., and generating at least 90% of their revenue from U.S. activities. The portfolio construction is at the discretion of the sub-adviser, considering factors such as market sectors and industries, with the fund aiming to make a significant impact by donating a majority of its sub-advisory fee or 100% of its profit to the Folds of Honor Foundation, supporting scholarships for families of veterans.
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