This ETF invests in a yield-weighted portfolio of dividend-paying stocks issued by companies in developed nations outside North America. Stocks are screened using such metrics as dividend growth rate, payout ratio, and yield. The MER is 0.44%.
The portfolio consists of 102 positions in major companies. It’s more or less evenly balanced, with no stock representing more than 3% of total assets. The largest holding is luxury goods company LVMH (Louis Vuitton Moet Hennessy).