ETF spotlight on Vanguard High Dividend Yield Index ETF (NYSEArca: VYM), part of an ongoing series.

Assets: $2.7 billion.

Objective: The Vanguard High Dividend Yield Fund tries to reflect the performance of the FTSE High Dividend Yield Index, which holds companies with a history of above average, high dividend yields.

Holdings: Top company holdings as of 12/31/2011: Exxon Mobil (NYSE: XOM), Microsoft (NasdaqGS: MSFT), Chevron (NYSE: CVX), General Electric (NYSE: GE) and Procter & Gamble (NYSE: PG).