Polen Dividend Income ETF
DIVZ
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ROIC.AI
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- TrueShares Opal Dividend Income ETF (DIVZ) is an actively managed exchange-traded fund that seeks capital appreciation with lower volatility and higher dividend yield than the overall market, including the S&P 500 Index, through a concentrated portfolio of 25-35 U.S.-listed companies exhibiting attractive dividends, dividend growth potential, and favorable valuations; the fund targets established businesses across diversified sectors such as financials, consumer non-durables, energy, utilities, telecommunications, and healthcare, with top holdings including MPLX LP, Philip Morris International Inc., Verizon Communications Inc., NextEra Energy Inc., Citigroup Inc., Enbridge Inc., Goldman Sachs Group Inc., Johnson & Johnson, CME Group Inc., and Dominion Energy Inc. DIVZ provides monthly dividend distributions and employs a benchmark-agnostic approach emphasizing high-conviction, fundamental research and forward-looking analysis to select dividend-paying growth and value stocks across market capitalizations. The ETF, with an expense ratio of 0.65%, trades on NYSE Arca and is issued by Listed Funds Trust under the TrueShares brand, powered by TrueMark Investments LLC, with sub-advisory management provided by Opal Capital LLC. Launched on January 27, 2021, DIVZ operates primarily in the U.S. equity market, serving income-focused investors seeking reduced volatility relative to broad market indices while maintaining capital appreciation opportunities. TrueShares, the ETF sponsor headquartered in Chicago, Illinois and founded in 2019, oversees a suite of active and buffered ETFs focused on income, volatility management, and specialized investing strategies. Opal Capital, the sub-advisor led by Founder and Chief Investment Officer Austin Graff, specializes in equity income solutions and manages DIVZ alongside separately managed accounts and outsourced CIO services for advisors. In recent developments, DIVZ shifted from quarterly to monthly dividend distributions starting in 2024, enhancing income predictability for investors, as evidenced by regular monthly payouts throughout 2024 and into 2025; the fund maintained consistent portfolio construction with active rebalancing to adapt to market conditions, delivering annualized returns since inception that emphasize lower volatility compared to the S&P 500 Total Return Index. No major acquisitions, funding rounds, or name changes for TrueShares or Opal Capital were reported in 2024-2025, with the firm focusing on organic growth in assets under management and distribution through platforms like TrueShares' ETF lineup.