First Trust SMID Cap Rising Dividend Achievers ETF offers a diversified portfolio of 166 small and mid-caps with a focus on dividend and earnings growth. SDVY outperforms the S&P MidCap 400 Index in value, growth, and total return since inception, but has lagged it over the past 12 months. The ETF exhibits low company-specific risk but significant sector concentration in financials and industrials.