HDIV — QRAFT AI-Enhanced U.S. High Dividend ETF
Data updated: 2022-12-29
HDIV — QRAFT AI-Enhanced U.S. High Dividend ETF. Emerging Markets Large Cap Value Thematic Equity · $4.48M AUM. Holdings, fees, performance and SEC filings.
HDIV Fund Overview
HDIV — QRAFT AI-Enhanced U.S. High Dividend ETF is a US ETF managed by Exchange Listed Funds Trust, categorised as Emerging Markets Large Cap Value Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Exchange Listed Funds Trust
- Category: Emerging Markets Large Cap Value Thematic Equity
- Assets under management: $4.48M
- 1-year return: -2.1%
- Ticker: HDIV
- SEC CIK: 0001547950
- SEC series ID: S000067182
- Share class ID: C000216128
HDIV Investment Objective and Strategy
QRAFT AI-Enhanced U.S. High Dividend ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Listed Funds Trust.
Investment objective
The QRAFT AI-Enhanced U.S. High Dividend ETF (the Fund) seeks long-term total returns through regular dividend income and capital appreciation.
Principal investment strategy
The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective by utilizing an investment strategy enhanced by the use of artificial intelligence, as described below. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amounts of any borrowings for investment purposes, in dividend paying securities of U.S.-listed companies. The Fund generally invests in the common stock of U.S.-listed companies having a market capitalization in excess of $4 billion at the time of purchase (the Universe). The Funds adviser, Exchange Traded Concepts, LLC (the Adviser), uses an investment process based on a proprietary artificial intelligence security selection process that extracts patterns from analyzing data, as discussed below, developed by QRAFT Technologies, Inc.
(Qraft). Qraft is a South Korea-based provider of artificial intelligence investment systems and currently offers services to various financial institutions in Korea. Qraft has licensed its proprietary artificial intelligence security selection process to the Adviser for purposes of managing the Fund. In pursuing the Funds investment objective, the Adviser consults a database generated by Qrafts AI Quantitative Investment System (QRAFT AI), which automatically evaluates and filters data according to parameters supporting a particular investment thesis. For the Funds database, QRAFT AI filters the securities in the Universe into an investment pool of 200 to 400 stocks using a proprietary dividend factor scoring formula based on dividend and quality factors including but not limited to dividend yield and dividend growth.
QRAFT AI then estimates each stocks relative superiority of price appreciation ( i.e. , increase in stock price) over the rest of the pool for the next three month investment period using deep learning technologies ( i.e. , exposure to and processing of large amounts of data) and the distribution of each stocks relative superiority of price appreciation for the same period using Bayesian neural networks that estimate the uncertainty of its forecast, and selects the top 100 stocks based on the average of the distribution of each stocks relative superiority of price appreciation for inclusion in the database. The stocks included in the database are weighted based on their market capitalization. The Fund expects to hold 100 companies in its portfolio. While it is anticipated that the Adviser will purchase and sell securities based on recommendations by the QRAFT AI database described above, the Adviser has full discretion over investment decisions for the Fund.
Therefore, the Adviser has full decision-making power not only if it identifies a potential technical issue or error with the QRAFT AI database, but also if it believes that the recommended portfolio does not further the Funds investment objective or fails to take into account company events such as corporate actions, mergers and spin-offs. Additionally, the Adviser has discretion over the amount of cash maintained in the Funds portfolio and the reinvestment of dividends in the Funds portfolio, subject to the Funds distribution requirements as a RIC under Subchapter M of the Internal Revenue Code. See Federal Income Taxes in the Funds Statement of Additional Information (the SAI) for a more complete discussion. Notwithstanding the foregoing, the Fund limits the weighting of a single company to 10% and no more than 40% of the Funds assets may be invested in securities with a more than 5% weighting in the Funds portfolio.
Due to frequency of the rebalancing of the QRAFT AI database, the Adviser expects that the Fund will frequently purchase and sell shares of securities. While investing in a particular market sector is not a strategy of the Fund, its portfolio may be significantly invested in one or more sectors as a result of the security selection decisions made pursuant to its strategy. As of August 1, 2022, a significant portion of the Funds assets consisted of securities of companies in the Consumer Staples Sector, Health Care Sector, and Information Technology Sector, although this may change from time to time. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund.
HDIV Holdings
Top 10 holdings of QRAFT AI-Enhanced U.S. High Dividend ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Walmart Inc | 8.34% |
| Home Depot Inc/The | 7.38% |
| PepsiCo Inc | 4.94% |
| NIKE Inc | 3.92% |
| AbbVie Inc | 3.62% |
| Eli Lilly and Co | 3.52% |
| Philip Morris International In | 3.09% |
| QUALCOMM Inc | 3.08% |
| Texas Instruments Inc | 3.03% |
| Lowe's Cos Inc | 2.90% |
HDIV Portfolio Allocation
Asset-class allocation of QRAFT AI-Enhanced U.S. High Dividend ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
| Cash & Equivalents | 0.3% |
HDIV Performance
Total returns for HDIV (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.1% |
| 3 years (annualised) | 11.4% |
HDIV Risk Information
Risk metrics for HDIV, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.1%
HDIV Costs and Fees
HDIV costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 0.76%
- Portfolio turnover: 208%
- Brokerage commissions: 6.36 bps of average net assets (SEC N-CEN)
HDIV Cashflows
Over the 12 months to 2022-10, QRAFT AI-Enhanced U.S. High Dividend ETF had net inflows of $11.53M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-10 | $2.84M |
| 2022-09 | $739.41K |
| 2022-08 | $0 |
| 2022-07 | $1.49M |
| 2022-06 | $0 |
| 2022-05 | $0 |
HDIV Debt Constituents
No individual debt constituents are reported in QRAFT AI-Enhanced U.S. High Dividend ETF's latest SEC N-PORT filing.
HDIV Prospectus and SEC Filings
Official QRAFT AI-Enhanced U.S. High Dividend ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-08-30
- Prospectus (485BPOS) — filed 2021-09-01
- Prospectus supplement (497) — filed 2021-05-18
- Portfolio holdings (N-PORT) — filed 2022-12-29
- Portfolio holdings (N-PORT) — filed 2022-09-23
- Portfolio holdings (N-PORT) — filed 2022-06-23
- Annual census (N-CEN) — filed 2022-07-05
- Annual census (N-CEN) — filed 2021-07-13
Related Funds
Related funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.