- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Jun 26, 2017
- Business
- First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield (before fees and expenses) of the S&P 500 Sector-Neutral Dividend Aristocrats Index, a sector-neutral benchmark comprising companies from the S&P 500 Index with at least 15 years of stable or increasing dividend payments, selected and weighted based on dividend yield within sectors; the fund normally invests at least 90% of its net assets in the index securities, including large-cap dividend payers across sectors such as information technology (e.g., Accenture plc, Texas Instruments, IBM), communication services (e.g., Verizon, Comcast), financials (e.g., Prudential Financial, U.S. Bancorp), health care (e.g., Bristol-Myers Squibb, Merck), consumer discretionary (e.g., Best Buy, McDonald's), industrials (e.g., UPS, Stanley Black & Decker), and others like energy, utilities, and real estate.
Launched on June 20, 2017 and domiciled in the United States, KNGZ trades on Nasdaq and is advised by First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., with headquarters in Wheaton, Illinois.
In a significant strategic shift, the fund underwent a rebranding on October 3, 2023, changing its name from First Trust US Equity Dividend Select ETF, its ticker from RNDV, and its underlying index from the Nasdaq Riskalyze US Large Cap Select Dividend Index to the current S&P 500 Sector-Neutral Dividend Aristocrats Index to better emphasize diversified, high-quality dividend aristocrats within the S&P 500.
The fund undergoes annual reconstitution, quarterly rebalancing, and monthly reviews to maintain sector-neutral exposure mirroring the S&P 500, targeting institutional and retail investors seeking dividend income and stability from U.S. large-cap equities. As of late 2025, assets under management stand at approximately $52 million, with an expense ratio of 0.50% and a dividend yield around 2.5%.