Fuhwa Taiwan Technology High Dividend ETF (00929) announced on July 1st a distribution of NT$0.18 per share, marking the first reduction in dividends after three consecutive months of NT$0.20 distributions this year.
The record date for this distribution is July 23, the ex-dividend date is July 17, and the payment date is August 12.
Additionally, 00929 previously announced the following changes to its constituent stocks:
Newly added 12 constituent stocks:
Everlight (2393), Synerchip (3005), Holitech (3010), Global Unichip (3042), Taiwan Mobile (3045), Far EasTone (4904), TMY Technology (4961), World (5347), Chroma ATE (5388), FocalTech (6189), Taisound (6269), and Advanced Semiconductor Engineering (6278).
Removed 12 constituent stocks:
Wistron NeWeb (2313), Macronix (2337), Advantech (2352), Realtek (2379), ASE Technology (3189), Nuvoton (4919), Zhen Ding (4958), Lite-On Technology (5371), Han’s Laser (5469), Everlight (6182), GigaDevice (8050), and Chitwan (8081).
00929 announced the latest distribution amount of NT$0.20 per share, with the payment date on June 17.
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Historical Distributions of 00929
The total asset scale of listed ETFs in Taiwan has surpassed NT$1.6 trillion, with 00929, which has garnered significant attention from investors, emerging as a standout performer. Since its listing on June 9, 2023, this ETF has quickly become the fastest to surpass NT$100 billion in scale within just five months, with the number of shareholders increasing 26-fold to over 452,300.
Historical Distributions of 00929
The reasons for the surge in popularity of Fuhwa Taiwan Technology High Dividend ETF are as follows:
1. It is the first ETF in Taiwan to offer monthly distributions, allowing investors to enjoy a little cash flow happiness each month while making regular investments.
2. The distribution is stable and consistent; since its listing, the Fuhwa Taiwan Technology High Dividend ETF has distributed regularly and promptly filled previous dividends.
Distribution Dates and Amounts of 00929
Ex-Dividend Date
Distribution per Unit (NT$)
2024.7.17
0.18
2024.5.20
0.20
2024.4.23
0.20
2024.3.19
0.13
2024.2.29
0.13
2024.1.18
0.13
2023.12.19
0.11
2023.11.21
0.11
2023.10.24
0.11
2023.09.19
0.11
2023.08.17
0.11
2023.07.19
0.11
(Data compiled by Yongfeng Securities)
3. With the implementation of a revenue smoothing mechanism, shareholders need not worry about dilution of dividend payouts as the number of shareholders increases.
Further reading:
What are the new 12 constituent stocks of 00919? What are the dividend dates and constituent stocks?
What is the composition of 00929’s constituent stocks? Is the ETF resilient against market downturns?
The constituent stocks of 00929 are primarily in semiconductors, followed by electronic components.
Fuhwa Taiwan Technology High Dividend ETF tracks the “Selected Taiwan Technology High Dividend Index,” which consists of a total of 40 constituent stocks, adjusted biannually. The semiconductor sector dominates with a share of 42.97%, followed by electronic components at 18.02%, and computers and peripheral equipment at 18.02%. Investors can further analyze whether the top 10 constituent stocks of Fuhwa Taiwan Technology High Dividend ETF align with their investment preferences.
Top 10 Constituent Stocks of 00929
Stock Name
Investment Ratio (Data date: 2023.09.30)
MediaTek (2454)
4.08%
WPG Holdings (3702)
3.57%
Silicon Motion (8016)
3.51%
King Yuan Electronics (2449)
3.37%
New Power Technology (6121)
3.34%
Qisda Corporation (2385)
3.21%
Rising Opto (6176)
3.00%
Novatek Microelectronics (3034)
2.92%
Qisda Technology (6285)
2.91%
Kinpo Electronics (3044)
2.90%
(Data source: Yongfeng Securities)
00929 Fuhwa Taiwan Technology High Dividend ETF’s Relative Resilience
In addition to the advantage of monthly distributions, the performance of Fuhwa Taiwan Technology High Dividend ETF is also highly regarded. Due to the short establishment period of this ETF, comparisons are made based on the tracking index “Selected Taiwan Technology High Dividend Index.”
During the bear market in 2018, when the Taiwan Weighted Index and Taiwan Electronics Index fell by 4.8% and 8.9% respectively, the “Selected Taiwan Technology High Dividend Index” rose by 2.5%.
Further comparison during the significant downturn in 2022 shows that the Taiwan Weighted Index and Taiwan Electronics Index decreased by 18.7% and 23.5% respectively, while the “Selected Taiwan Technology High Dividend Index” only declined by 8.2%, demonstrating its defensive capability during market fluctuations.
Performance of 00929’s Return Index
2018
2019
2020
2021
2022
Selected Taiwan Technology High Dividend Index
2.5
40.7
13.6
28.8
-8.2
Taiwan Electronics Index
-8.9
42.4
40.9
24.8
-23.5
Taiwan Weighted Index
-4.8
28.9
27.1
27.1
-18.7
MSCI Taiwan ESG Sustainable High Dividend Select 30 Index
0.5
24.0
11.5
26.1
-8.8
Taiwan High Dividend Index
1.3
30.3
8.3
19.8
-17.4
(Data compiled by Yongfeng Securities)
Established only six months, 00929 ranks seventh among the national ETFs!
According to the statistics from the stock exchange, as of September 2023, Fuhwa Taiwan Technology High Dividend ETF has secured the seventh position in the monthly ranking of regularly scheduled trading accounts, making it the highest dividend ETF with the shortest establishment period on the list.
Top 7 National ETFs
Code
Name
September 2023 Trading Account Numbers
Establishment Date
Is it a High Dividend ETF in Taiwan?
0050
Yuanta Taiwan 50
213,514
2003.06.25
No
00878
Cathay Sustainable High Dividend
204,461
2020.07.10
Yes
0056
Yuanta High Dividend
198,272
2007.12.13
Yes
006208
Fubon Taiwan 50
109,240
2012.06.22
No
00713
Yuanta Taiwan High Dividend Low Volatility
61,590
2017.09.19
Yes
00692
Fubon Corporate Governance
33,140
2017.05.04
No
00929
Fuhwa Taiwan Technology High Dividend
22,065
2023.06.01
Yes
(Data compiled by Yongfeng Securities)
In summary, as the Taiwan stock market experiences fluctuations and AI concept stocks show divergent performances, the publicly available data from Fuhwa Taiwan Technology High Dividend ETF demonstrates its “defensive capability” in stock prices, along with the “monthly distribution mechanism” that appeals to long-term investors, saving them from trading multiple stocks, incurring additional transaction fees, and needing to conduct their own research on the costs associated with the ETF’s composition.
Further reading:
How many times has 00878 distributed dividends? Why is this ETF so popular? What are its constituent stocks? A comprehensive guide to understand at once
Data source:
Custodial account stock rights distribution chart,
Fuhwa Investment Trust – Fuhwa Taiwan Technology High Dividend Monthly Report,
Stock Exchange regular trading account statistics and monthly rankings
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Editor responsible: Lin Meixin