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See exactly how DIVZ's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for DIVZ and 80,000+ other tickers.
The Polen Dividend Income ETF (DIVZ) is an actively managed fund designed to achieve its investment objective by strategically acquiring shares of 25 to 35 companies. These companies are chosen based on their current dividend payouts, projected long-term dividend growth, and their trading at appealing valuations at the time of investment. Typically, the fund allocates at least 80% of its net assets, combined with any investment-related borrowings, to equity securities. This primarily includes common stocks and American Depositary Receipts (ADRs). Notably, the fund is classified as non-diversified.
DIVZ is an actively managed large-cap value fund aiming to provide consistent exposure to low-volatility stocks with above-average dividend yields. I estimate its forward yield to be 2.92%. DIVZ has a high 0.65% expense ratio, and apart from reducing total returns, this article explains why it drives DIVZ's selection process, and not in a good way. Since fees directly reduce distributions, DIVZ can't afford to own as many lower-yielding but higher-quality and higher-growth stocks as lower-cost alternatives, particularly FDVV.
The Opal Dividend Income ETF offers a defensive, low-beta portfolio of high-dividend, mature companies with attractive valuations, focusing on capital preservation. DIVZ is overweight in utilities, energy, and consumer staples, underweight in technology, and delivers a 2.7% yield—higher than the S&P 500 but below some peers. While DIVZ excels in downside protection and low volatility, its modest growth profile and higher expense ratio limit long-term outperformance potential.
OPAL Dividend Income ETF (DIVZ) is rated a hold, as it fails to deliver on promises of low volatility, high dividends, and high conviction. DIVZ's volatility and drawdown are only marginally lower than VOO, while its high turnover and expense ratio erode total returns. The fund's defensive sector tilt and lower valuations do not translate into meaningful risk reduction or superior risk-adjusted performance versus the S&P 500.
The Opal Dividend Income ETF has a concentrated portfolio of 30 dividend stocks selected based on quality and valuation. DIVZ has a focus on consumer staples and strong value characteristics. Distribution history shows a concerning downtrend, yet the fund reaches its objective of cutting volatility while keeping a decent total return.
Here are five dividend ETFs that are outpacing the broader market this year and are considered solid options in uncertain markets.