Looking to capitalize on the success of its ALPS Sector Dividend Dogs ETF (NYSEArca: SDOG), ETF issuer ALPS will roll out an international equivalent Friday in the form of the ALPS International Sector Dividend Dogs ETF (NYSEArca: IDOG).

SDOG, which is just under a year-old, is one of the top-performing dividend ETFs this year with a gain of nearly 13.4%. SDOG focuses on the S&P 500 stocks “with the highest dividend yield in their respective sectors providing the potential for price appreciation as market forces bring their yield into line with the overall market,” according to the issuer.

IDOG will take a similar approach with a focus on the S-Net International Developed Markets Index (ex-Americas) members with the highest dividend yields in their respective sectors. IDOG will provider near equal-weight exposure to the 10 Global Industry Classification Standard (GICS) sectors with telecom commanding the largest weight at 10.28% and materials garnering the smallest allocation at 9.74%. Utilities, technology, energy and health care also receive weights north of 10%. [Dividend Dogs ETF Launches]

IDOG will feature exposure to 19 developed markets with Japan and the U.K. combing for just over 30% of the new ETF’s weight. Finland and Australia each receive weights of nearly 10%. The has a fair amount of Eurozone exposure, featuring nine of those countries including three PIIGS nations – Portugal, Spain and Italy, according to ALPS.

Since the IDOG does not start trading until Friday, fund constituents are not yet listed on the ALPS Web site, but investors can view the roster of current index members. That group is comprised of 48 stocks including names familiar to U.S. investors such as Royal Dutch Shell (NYSE: RDS-A), Total (NYSE: TOT) and GlaxoSmithKline (NYSE: GSK).

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