A values-driven active ETF from Eventide that avoids tobacco, gambling, and weapons. The writer holds it alongside SCHD and CGDG for diversification.
Eventide Asset Management's High Dividend ETF (ELCV) is an active fund with a values-based screen. The firm avoids companies it deems harmful, which includes sectors like tobacco, gambling, and weapons, and favors firms with positive social impact. This creates a portfolio that looks different from standard dividend ETFs.
ELCV's top holdings include Microsoft (MSFT), Apple (AAPL), and Visa (V), a mix of tech and payments companies that yield less than the typical high-dividend fund. The fund's active managers can shift weightings and sector exposure, which the writer argues helps it avoid the value traps that plague passive dividend strategies.
The ETF has a 0.55% expense ratio and yields roughly 1.8%. The writer positions it as a complement to core dividend holdings like SCHD or CGDG, not a replacement. The thesis is that ELCV's diversification and active management reduce single-sector risk while still delivering income and growth.
Disclosure: The author is long ELCV, SCHD, and CGDG. This article is not financial advice.
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