This might be the worst dividend ETF in the world

Core Viewpoint - The Franklin U.S. Core Dividend Tilt Index ETF (UDIV) is criticized for not adhering to the principles of a traditional dividend ETF, despite its claims of maximizing yield and providing a portfolio of high-dividend stocks [4][2]. Fund Objective and Methodology - UDIV aims to maximize yield per unit of active risk, but its methodology lacks essential quality checks, allowing for a portfolio that may not even include dividend-paying stocks [2][6]. - The index it tracks, the Morningstar U.S. Dividend Enhanced Select Index, is designed to deliver higher dividend yields but fails to enforce fundamental quality or historical dividend requirements [5][6]. Portfolio Composition - UDIV has a significant allocation of nearly 37% to technology stocks, which exceeds the concentration of the S&P 500 in tech [8]. - The fund's top holdings and overall composition raise concerns about its legitimacy as a dividend ETF, as it does not align with traditional dividend investment strategies [10][9].