First Trust RBA Quality Income ETF (QINC) is an exchange-traded fund that seeks investment results that correspond generally to the price and yield of an index called the NASDAQ US Rising Dividend Achievers Index. The fund invests in U.S. equity securities with a focus on companies with a history of consistent dividend growth.
The NASDAQ US Rising Dividend Achievers Index includes U.S. companies with a market capitalization of at least $2 billion and a history of increasing dividend payments for at least five consecutive years. The index is calculated using a proprietary dividend quality score methodology, which includes factors such as earnings growth, payout ratio, and dividend consistency.
QINC provides investors with exposure to companies that have demonstrated the ability to increase their dividends over time, potentially providing a stream of income and long-term capital appreciation. The fund's expense ratio is relatively low compared to other actively managed dividend-oriented funds, making it an attractive option for investors seeking exposure to dividend-paying stocks with lower management fees.
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