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 per share this year.
The record date for the 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 component stocks:
Newly added 12 component stocks:
Epistar (2393), Synaptics (3005), Huali (3010), Advanced Semiconductor Engineering (3042), Taiwan Mobile (3045), Far EasTone (4904), TSMC (4961), World Advanced (5347), Chipbond (5388), Fengyi (6189), Taian (6269), and Taiwan Semiconductor Manufacturing Company (6278).
Removed 12 component stocks:
HwaCom (2313), Winbond (2337), GigaDevice (2352), Realtek (2379), JENGS (3189), Nuvoton (4919), Etron (4958), Lite-On (5371), Han’s Laser (5469), Advanced Crystal (6182), GigaMedia (8050), and Chih-Hsiang (8081).
00929 announced the latest distribution amount, with a payment of NT$0.20 per share, and the payment date was June 17.
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00929 Historical Dividend Payments
The total asset scale of ETFs listed on the Taiwan stock market has surpassed NT$1.6 trillion, with the highly watched 00929 becoming a standout dark horse. Since its listing on June 9, 2023, this ETF has quickly become the fastest to exceed NT$100 billion in scale within just five months, and the number of shareholders has increased 26 times, surpassing 452,300.
00929 Historical Dividend Payments
The reasons for the popularity of Fuhwa Taiwan Technology High Dividend ETF are as follows:
1. It is the first ETF in Taiwan to offer monthly dividends, allowing investors to enjoy cash inflow every month while participating in regular investments.
2. The dividends are stable and consistently paid monthly, with the Fuhwa Taiwan Technology High Dividend ETF providing timely and fixed amounts to shareholders since its launch, quickly filling any dividend gaps.
Dividend Payment Dates and Amounts
Ex-Dividend Date | Dividend Amount (NT$)
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 Financial Securities)
3. With a revenue stabilization fund, shareholders need not worry about dividend dilution as the number of shareholders increases.
Further reading:
00919 adds 12 new component stocks! What are the dividend, ex-dividend dates, and component stocks of 00919?
What constitutes the component stocks of 00929? Is the ETF resistant to declines?
The component 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,” comprising a total of 40 component stocks, adjusted twice a year. The industries represented are led by semiconductors at 42.97%, followed by electronic components at 18.02% and computers and peripherals at 18.02%. Investors can further analyze whether the top 10 component stocks of Fuhwa Taiwan Technology High Dividend ETF meet their investment preferences.
Top 10 Component 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 (2385) | 3.21%
Raydium Semiconductor (6176) | 3.00%
Novatek Microelectronics (3034) | 2.92%
Acer (6285) | 2.91%
Jentech (3044) | 2.90%
(Data source: Yongfeng Financial Securities)
00929 Fuhwa Taiwan Technology High Dividend ETF shows relative resistance to declines.
In addition to its monthly dividend advantage, the price performance of Fuhwa Taiwan Technology High Dividend ETF has also been affirmed. Given the ETF’s relatively short establishment period, the following comparison is made against the “Selected Taiwan Technology High Dividend Index” tracked by the ETF.
During the bear market of 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%.
A further comparison during the significant drop in 2022 shows that the Taiwan Weighted Index and 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 capability during market turbulence.
00929 Performance of 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 Financial Securities)
Established only six months, 00929 ranks seventh among the national ETFs!
According to the statistics of the Securities Exchange regarding the monthly ranking of regular investment accounts in September 2023, Fuhwa Taiwan Technology High Dividend has claimed the seventh position as a new national ETF, making it the high dividend ETF with the shortest establishment period on the list.
Top 7 New National ETFs
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 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 Financial Securities)
In summary, as the Taiwan stock market experiences fluctuations and AI concept stocks show mixed performance, Fuhwa Taiwan Technology High Dividend has demonstrated its “price defense capability” and the beloved “monthly dividend mechanism” for investors, allowing for savings on transaction fees for multiple assets and eliminating the need to research the costs of the component stocks of the ETF.
Further reading:
How many times has 00878 paid dividends? Why is this ETF so popular? What are its component stocks? A comprehensive guide to understanding it all
Data Sources:
Central Depository Securities’ shareholder equity 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 Mei-Hsin