Fuhwa Taiwan Technology High Dividend ETF (00929) announced a dividend of NT$0.18 per share on July 1. This marks the first reduction in dividends after three consecutive months of NT$0.20 distributions earlier 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.
In addition, 00929 previously announced the following changes to its constituent stocks:
Newly added 12 stocks:
Everlight Electronics (2393), Genius Electronic Optical (3005), Huali Industrial (3010), Jingtek (3042), Taiwan Mobile (3045), Far EasTone (4904), Tianshu (4961), World (5347), ChipMOS Technologies (5388), Fong’s Industries (6189), Taian Technology (6269), and Taiwan Semiconductor Manufacturing Company (6278).
Deleted 12 stocks:
Hua Tong (2313), Winbond (2337), Qisda Corporation (2352), Realtek Semiconductor (2379), King Yuan Electronics (3189), Nuvoton Technology (4919), Cheng Uei Precision Industry (4958), Advanced Optical Technologies (5371), Han’s Laser (5469), Hejia Crystal (6182), Guangji (8050), and Zhi Xin (8081).
00929 announced the latest distribution amount, with a payout of NT$0.20 per share, scheduled for June 17.
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00929 Historical Dividend Distribution
The total asset scale of Taiwan-listed ETFs has exceeded NT$1.6 trillion, with 00929 becoming a notable dark horse that has quickly reached over NT$100 billion within just five months since its launch on June 9, 2023, and the number of shareholders has surged 26 times to over 452,300.
The reasons for the popularity of Fuhwa Taiwan Technology High Dividend ETF are as follows:
1. It is the first ETF in Taiwan to offer monthly distributions, providing investors with a steady cash flow alongside regular investments.
2. Stable dividend distribution and filling, Fuhwa Taiwan Technology High Dividend ETF has consistently paid dividends to shareholders every month since its launch and has quickly filled any gaps.
Dividend Dates and Amounts
Ex-Dividend Date
Per Unit Dividend (NT$)
2024.7.17
0.18
2024.5.20
0.2
2024.4.23
0.2
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 a revenue smoothing fund, shareholders do not need to worry about dilution of dividends as the number of shareholders increases.
Further reading:
12 new constituent stocks added to 00919! What are the dividend distribution, ex-dividend date, and constituent stocks of 00919?
What is the composition of 00929’s constituent stocks? Is the ETF resistant to decline?
00929’s constituent stocks are led by semiconductors, followed by electronic components.
Fuhwa Taiwan Technology High Dividend ETF tracks the “Selected Taiwan Technology High Dividend Index,” comprising 40 constituent stocks, adjusted twice a year. The semiconductor industry accounts for 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 Technology (8016)
3.51%
King Yuan Electronics (2449)
3.37%
Novatek Microelectronics (6121)
3.34%
Qisda Corporation (2385)
3.21%
Raydium Semiconductor (6176)
3.00%
Novatek Microelectronics (3034)
2.92%
Qiqi Technology (6285)
2.91%
Jentech (3044)
2.90%
(Data source: Yongfeng Securities)
00929 Fuhwa Taiwan Technology High Dividend ETF shows relative resilience
In addition to the advantage of monthly distributions, the performance of Fuhwa Taiwan Technology High Dividend ETF has also been positively recognized. Given that this ETF has a relatively short establishment period, 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 the Taiwan Electronics Index fell by 4.8% and 8.9% respectively, the “Selected Taiwan Technology High Dividend Index” rose by 2.5% against the trend.
Further comparison during the significant downturn in 2022 shows that the Taiwan Weighted Index and the Taiwan Electronics Index fell by 18.7% and 23.5% respectively, while the “Selected Taiwan Technology High Dividend Index” only declined by 8.2%, demonstrating its defensive capabilities during market fluctuations.
00929 Performance of the 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 Selected 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)
In just six months since its establishment, 00929 has secured the seventh position among national ETFs!
According to the monthly ranking of regular investment accounts from the Securities Exchange, as of September 2023, Fuhwa Taiwan Technology High Dividend has risen to the seventh position among national ETFs, representing the highest dividend ETF with the shortest establishment time on the list.
Top 7 National ETFs
Code
Name
September 2023 Trading Account Number
Established
Is it a Taiwan High Dividend ETF?
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 the performance of AI concept stocks varies, Fuhwa Taiwan Technology High Dividend has demonstrated its “defensive capability in stock prices” and the “monthly distribution mechanism” favored by dividend investors, saving them from the need to trade multiple stocks, which would incur additional fees and require independent research on the costs associated with the ETF 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 understanding it all
Data sources:
Custody account stock ownership distribution table,
Fuhwa Investment Trust – Fuhwa Taiwan Technology High Dividend Monthly Report,
Securities Exchange regular investment account statistics monthly report
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Editor in charge: Lin Meixin