A low-cost ETF to invest in the broad U.S. market

Article Excerpt

TD U.S. Equity Index ETF $42.24 (Toronto symbol TPU; TSINetwork ETF Rating: Conservative; Market cap: $2.6 billion) invests in large U.S. publicly listed companies. It tracks the Solactive U.S. Large Cap Index. That index includes the top U.S. publicly listed companies weighted by the market-traded portion of their market caps. Information technology companies form a large part of the portfolio (40%), while Financials (12%), Healthcare (11%), Consumer Services (10%), Consumer Discretionary (6%), and Industrials (6%), are other key segments. The ETF holds a portfolio of 500 stocks; the top 10 comprise 17% of its assets. Those top holdings include Microsoft (7.1%), Apple (7.0%), Nvidia (6.5%), Alphabet (4.2%), Amazon (3.8%), Meta Platforms (2.4%), Eli Lilly (1.7%), Broadcom (1.6%), and Tesla (1.4%). The ETF started up in March 2016 and charges a very low MER of 0.06%. It has a large asset base and offers good liquidity, with an average $3.9 million in units trading daily. The fund pays a fluctuating quarterly dividend; the cash dividend amounted to $0.44 over…