(RDIV) S&P Ultra Dividend Revenue - Overview

The Invesco S&P Ultra Dividend Revenue ETF (NYSE ARCA: RDIV) is a U.S.-registered, non-diversified ETF that must allocate at least 90 % of its net assets to the securities that compose its benchmark, the S&P 900 Ultra-Dividend Revenue Index. The index targets “positive revenue-producing” mid-cap stocks with the highest dividend yields, positioning the fund in the Mid-Cap Value category.

Key recent metrics (as of 26 Jan 2026):
• Assets under management: ≈ $210 million (down ~12 % from a year ago, reflecting a modest outflow trend).
• Expense ratio: 0.45 % (slightly above the median 0.38 % for mid-cap value ETFs).
• 30-day SEC yield: 4.2 % (annualized), which is 0.5 pp above the S&P 900 Ultra-Dividend Revenue Index’s yield of 3.7 %.

Sector exposure: The top three sectors by weight are Financials (≈ 28 %), Industrials (≈ 22 %), and Consumer Staples (≈ 15 %). These sectors tend to benefit from a flattening yield curve and modest GDP growth, but are sensitive to interest-rate shifts and credit-risk spreads.

Performance drivers and risks: Recent earnings season showed that the fund’s highest-weight holdings-regional banks and specialty manufacturers-have experienced earnings volatility due to tightening monetary policy (Fed Funds Rate 5.25 %). If rates stabilize or decline, dividend sustainability could improve, supporting the ETF’s yield-focused strategy. Conversely, a prolonged high-rate environment could pressure the financial sector’s net interest margins and erode dividend payouts, which would be a disconfirming signal for the fund’s outlook.

Given the ETF’s concentration in mid-cap dividend payers and its sensitivity to macro-financial conditions, investors should monitor the Fed’s policy trajectory and credit-market health before allocating capital.

For a deeper, data-driven assessment of RDIV’s risk-adjusted value proposition, you might find ValueRay’s analytical dashboard useful.