Federated Hermes U.S. Strategic Dividend ETF
FDV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1001 Liberty Avenue Pittsburgh PA United States of America 15222
- IPO Date
- Nov 16, 2022
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes U.S. Strategic Dividend ETF (FDV) is an actively managed exchange-traded fund that seeks current income and long-term capital appreciation through a portfolio of high dividend-paying U.S. stocks exhibiting potential for dividend growth; it emphasizes large- and mid-cap value equities across sectors such as financials, utilities, healthcare, and energy, with top holdings including AbbVie Inc., PNC Financial Services Group Inc., and Amgen Inc.. The fund, launched on November 15, 2022, and domiciled in the United States, trades on the NYSE Arca exchange under the ticker FDV, with assets under management of approximately $451 million, an expense ratio of 0.50%, and a trailing 12-month dividend yield of 2.98% paid monthly. Managed by a team including Michael Tucker, Daniel Peris, Deborah Bickerstaff, and Jared Hoff since inception, FDV targets investors seeking dividend income with lower volatility exposure relative to the S&P 500 benchmark, primarily focusing on North American-listed securities. FDV forms part of the broader ETF offerings from its issuer, Federated Hermes, Inc., an investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, that oversees approximately $830 billion in client assets spanning equities, fixed income, alternatives, multi-asset strategies, and liquidity solutions including mutual funds, ETFs, separate accounts, and closed-end funds. The ETF's geographic focus remains predominantly U.S.-centric (over 97% allocation), with minor exposure to developed markets like the United Kingdom. In recent developments, Federated Hermes has expanded its ETF lineup with launches including four MDT quantitative active equity ETFs in July 2024 (such as Federated Hermes MDT Large Cap Core ETF) and the Federated Hermes MDT Market Neutral ETF in September 2025, doubling its active ETF offerings and emphasizing systematic strategies for capital appreciation and risk management. The firm completed the acquisition of a majority stake in UK-based Rivington Energy Management in April 2025 to bolster renewable energy capabilities and agreed in October 2025 to acquire a majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager with $3.8 billion in client assets focused on multifamily properties, enhancing its private markets platform. Additionally, in August 2025, Federated Hermes merged its Property Unit Trust into Legal & General's Managed Property Fund, optimizing scale and liquidity for property investors.