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Brookstone Dividend Stock ETF offers an attractive 4.21% trailing dividend yield, but its excessive 0.95% expense ratio ruins what could be a viable option for high-income investors. BAMD's annual financials reveal 18% of the fund's total investment income was diverted to expenses, a substantial amount compared to alternatives like SPYD, HDV, DHS, and SCHD. My analysis revealed poor dividend growth and safety features. The dividend payout ratio is 70%, and its constituents only increased dividends by an annualized 3.78% over the last five years.
It was another strong week for launches, with 21 new ETFs added to the industry count. That number includes funds from Capital Group, Dimensional, American Century, BlackRock, J.P.
SEC filings for BAMD aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.