Fuhwa Taiwan Technology High Dividend ETF (00929) announced a dividend distribution 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 this year.
The record date for this distribution is July 23, the ex-dividend date is July 17, and the distribution payment date is August 12.
Additionally, 00929 has previously announced the following changes to its constituent stocks:
Added 12 constituent stocks:
Everlight Electronics (2393), Synnex Technology International (3005), HwaCom Systems (3010), Global Unichip (3042), Taiwan Mobile (3045), Far EasTone Telecommunications (4904), Asustek Computer (4961), World Advanced (5347), Chipbond Technology Corporation (5388), FocalTech Systems (6189), Taisys Technology (6269), and TSMC (6278).
Removed 12 constituent stocks:
HwaCom Systems (2313), Macronix International (2337), Qisda Corporation (2352), Realtek Semiconductor (2379), Kingpak Technology (3189), Nuvoton Technology (4919), Advanced Semiconductor Engineering (4958), Chroma ATE Inc. (5371), Han’s Laser Technology Industry Group (5469), ChipMOS Technologies (6182), Grandtek Technology (8050), and Chih Li Technology (8081).
00929 announced a recent distribution of NT$0.20 per share, with the payment date set for June 17.
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00929 Historical Dividend Distributions
The total asset scale of ETF listed on the Taiwan Stock Exchange has surpassed NT$1.6 trillion, with 00929, which has gained significant attention among investors, becoming a standout performer. Since its listing on June 9, 2023, this ETF has quickly become the fastest to exceed NT$100 billion in scale within just five months, while the number of shareholders has surged 26-fold to over 452,300.
The reasons for the popularity of Fuhwa Taiwan Technology High Dividend ETF include:
1. The first “monthly distribution” ETF in Taiwan, allowing investors to enjoy a steady cash flow every month while participating in regular investments.
2. Stable dividend payments and timely distributions; the Fuhwa Taiwan Technology High Dividend ETF has consistently provided monthly dividends to shareholders since its inception and has quickly filled its dividend gaps.
00929 Dividend Dates and Amounts
Ex-Dividend Date
Dividend per Unit (NT$)
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. Equipped with a revenue stabilization fund, increasing shareholder numbers do not dilute dividend distributions.
Further reading:
00919 adds 12 constituent stocks! What are the dividend and ex-dividend dates, and constituent stocks of 00919?
Constituent stocks of 00929? Is the ETF resistant to downturns?
00929’s constituent stocks are primarily in semiconductors, followed by electronic components.
Fuhwa Taiwan Technology High Dividend ETF tracks the “Selected Taiwan Technology High Dividend Index,” comprising a total of 40 constituent stocks, with adjustments made biannually. The sectors represented include semiconductors at 42.97%, electronic components at 18.02%, and computers and peripherals 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.
00929 Top 10 Constituent Stocks
Stock Name
Investment Ratio (Data Date: 2023.09.30)
MediaTek (2454)
4.08%
WPG Holdings (3702)
3.57%
Siliconware Precision Industries (8016)
3.51%
King Yuan Electronics (2449)
3.37%
Xinpuc Technology (6121)
3.34%
Qisda Corporation (2385)
3.21%
Raydium Semiconductor (6176)
3.00%
Novatek Microelectronics (3034)
2.92%
Averlogic Technologies (6285)
2.91%
Kinsus Interconnect Technology (3044)
2.90%
(Data Source: Yongfeng Securities)
00929 Fuhwa Taiwan Technology High Dividend ETF shows relative resilience against downturns.
In addition to the advantages of monthly distributions, the performance of Fuhwa Taiwan Technology High Dividend ETF has also been affirmed. Given the relatively short establishment time of this ETF, the following comparison is made based on its tracking index, the “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.
In a further comparison during the significant downturn of 2022, while the Taiwan Weighted Index and the Taiwan Electronics Index dropped by 18.7% and 23.5%, respectively, the “Selected Taiwan Technology High Dividend Index” only experienced a decline of 8.2%, demonstrating its defensive strength 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 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)
Just six months since its establishment, 00929 has climbed to the seventh position among national ETFs!
According to the statistics from the stock exchange for September 2023, Fuhwa Taiwan Technology High Dividend ETF has secured the seventh place as a new national ETF and is also the highest dividend ETF with the shortest establishment time on the list.
Top 7 National ETF New Rankings
Code
Name
September 2023 Trading Account Numbers
Established
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 Yield 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 diverges, the current market performance of Fuhwa Taiwan Technology High Dividend ETF demonstrates its “defensive ability of stock prices,” along with the “monthly distribution mechanism” that appeals to dividend investors, helping them save on transaction costs for multiple targets while avoiding additional research costs for 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 understanding at a glance.
Sources:
Custodial account ownership dispersion table,
Fuhwa Investment Trust – Monthly Report of Fuhwa Taiwan Technology High Dividend,
Monthly report on the statistics of regular investment account numbers on the stock exchange.
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Editor in charge: Lin Meixin