First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ)

First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) is an exchange-traded fund in the Large Value category. It has $67.76M in assets, an expense ratio of 0.50% and a 2.43% dividend yield. The fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. According to the index provider to the new index, the new index measures the performance of companies within the S&P 500 Index that have demonstrated stable or increasing dividend per share amounts.