“Starting with a high quality universe such as the S-Net International Developed Markets Index (ex-Americas) diminishes the likelihood of troubled and financially distressed companies entering the index and allows dividend yield to be the primary selection criterion for the index,” according to ALPS.

To be sure, IDOG is home to some familiar, financially sturdy foreign dividend payers, including Royal Dutch Shell (NYSE: RDS-A), Total (NYSE: TOT), GlaxoSmithKline (NYSE: GSK) and Novartis (NYSE: NVS).

IDOG pays its dividend quarterly and charges and an annual expense ratio of 0.5%. The fund is up 2.5% since the start of 2014.

ALPS International Sector Dividend Dogs ETF