DON has continued impressing this year, so much so that by the end of the second quarter, only four other WisdomTree ETFs had delivered superior returns through the first half of this year.

While mid-caps are often prized for their growth traits, DON’s dividend-backed weighting methodology gives investors ample value exposure.

The P/E ratio for the WisdomTree MidCap Earnings Index is approximately 16.4x, about 15% lower than the 19.4x P/E ratio of the S&P MidCap400 Index and 16% lower than the 19.7x P/E ratio of the Russell Midcap Index,” said WisdomTree in a note out last month.

Investors have warmed to DON’s story. The ETF, which pays a monthly dividend, climbed to $1 billion in assets under management in May and has since risen to almost $1.2 billion. [Mid-Cap Dividend ETF Tops $1B in AUM]

WisdomTree MidCap Dividend Fund