More than two months below its launch price, 00405A draws ridicule after first dividend also pays zero

Fubon Taiwan Dragon Glory, the actively managed ETF known by the ticker 00405A, has drawn fresh criticism after announcing that its first dividend would be zero.

The fund listed in June during a surge of interest in actively managed ETFs. Its early attention did not last. The share price has remained below its launch price, disappointing some investors who had expected better performance.

The Taiwan Stock Exchange said the fund evaluated its income distribution using its net asset value on Aug. 31 and decided not to distribute any income. The announcement means investors waiting for the ETF’s first payout received nothing.

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An active fund that actively loses money.

The combination of more than two months below the listing price and the missed dividend triggered a wave of complaints on PTT. Some users mocked the fund with comments including “An active fund that actively loses money” and “Open a self-rescue group!” Others called it one of the unluckiest ETFs after a major market pullback, while some blamed the fund’s name and suggested changing it.

The criticism reflected investor frustration with 00405A’s performance since its launch. Online comments mixed sarcasm with resignation as the fund faced renewed scrutiny over both its market price and its first distribution.

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Open a self-rescue group!