ETF Evaluator:
MarketDesk Focused U.S. Dividend ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Value Over the Last Year
| 45.0% | VictoryShares Free Cash Flow ETF (VFLO) |
| 39.1% | Bushido Capital US SMID Cap Equity ETF (RNIN) |
| 38.8% | Bushido Capital US Equity ETF (SMRI) |
| 37.8% | ProShares Equities for Rising Rates ETF (EQRR) |
| 37.4% | Vanguard US Multifactor ETF (VFMF) |
Risk
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Risk
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ETF Details
MarketDesk Focused U.S. Dividend ETF Overview
MarketDesk Focused U.S. Dividend ETF (FDIV) is an actively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). MarketDesk launched the ETF in 2023.
The investment seeks capital appreciation with a higher dividend yield compared to a broad-based index of U.S. large-cap dividend paying securities.
The fund is an actively managed exchange-traded fund (“ETF”) that is sub-advised by MarketDesk Indices LLC (“Sub-Adviser”). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, plus the amount of any borrowing for investment purposes, in a portfolio of U.S. companies that pay dividends and expect to grow the dividend over time.
About MarketDesk Focused U.S. Dividend ETF (FDIV)
There are 2 members of the management team with an average tenure of 2.87 years: Jonathon Clements (2023) and Matthew Clements (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. MarketDesk Focused U.S. Dividend ETF has 64 securities in its portfolio. The top 10 holdings constitute 21.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
MarketDesk Focused U.S. Dividend ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. MarketDesk Focused U.S. Dividend ETF has 2.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.7% There is 2.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MarketDesk Focused U.S. Dividend ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $58 million in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FDIV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MarketDesk Focused U.S. Dividend ETF expense ratio is below average compared to funds in the Mid-Cap Value category. MarketDesk Focused U.S. Dividend ETF has an expense ratio of 0.35%, which is 25% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MarketDesk Focused U.S. Dividend ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 72% for the Mid-Cap Value category.
Recently, in the month of July 2026, MarketDesk Focused U.S. Dividend ETF returned 0.2%, which earned it a grade of F, as the Mid-Cap Value category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
MarketDesk Focused U.S. Dividend ETF has a trailing yield of 2.38%, which is above the 2.05% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
MarketDesk Focused U.S. Dividend ETF Grades
Year to date, the ETF has returned 3.8%, 11.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.6% over the past year (grade of F).
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FDIV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FDIV Return (NAV) | 0.2% | -0.1% | 9.6% | na | na | na |
| FDIV Return (Price) | 0.3% | -0.0% | 9.9% | na | na | na |
| NAV +/- Price Return | -0.098% | -0.015% | -0.262% | na | na | na |
| Mid-Cap Value Avg | 3.5% | 6.1% | 23.5% | 13.9% | 10.2% | 10.8% |
| FDIV Grade (NAV) | F | F | F | na | na | na |
| +/- Category (NAV) | -3.3% | -6.2% | -13.9% | na | na | na |
| FDIV Tax-Cost Ratio | na | na | 1.0% | na | na | na |
FDIV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FDIV Return (NAV) | 3.8% | 3.1% | 5.0% | na | na | na | na | na | na | na | na |
| FDIV Return (Price) | 3.9% | 2.9% | 5.1% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.010% | -0.034% | 0.032% | na | na | na | na | na | na | na | na |
| Mid-Cap Value Avg | 15.4% | 10.4% | 12.2% | 12.9% | -5.7% | 31.6% | 0.6% | 25.6% | -10.0% | 15.5% | 20.3% |
| FDIV Grade (NAV) | F | F | F | na | na | na | na | na | na | na | na |
| +/- Category | -11.6% | -7.3% | -7.3% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 59 Mil |
| Share Class Assets: | $ 59 Mil |
| Turnover: | na |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Clements Jonathon (2023), Clements Matthew (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 64 |
| % in Top 10 Holdings: | 21.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.2% |
Portfolio Allocation |
|
| Domestic Stock: | 97.7% |
| Foreign Stock: | 2.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | MarketDesk |
| Phone Number: | 215-882-9983 |
| Website: | www.valueshares.com |
| Inception Date: | September 19, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.47% |
