A Smart Beta Global Approach to Dividends

Related: Smart Beta Is an Evolution, Not a Revolution

HDAW features ample exposure to some of the most dependable ex-US dividend growth markets. For example, the U.K. and Canada combine for almost a third of the ETF’s geographic weight. Germany and France, the Eurozone’s two largest economies, combine for almost 21% of HDAW’s lineup.

Ex-U.S. developed market dividend payers often feature larger yields than their U.S. counterparts, an assertion proven by comparing large- and mega-cap dividend stocks from familiar dividend sectors such as consumer staples, energy, financial services and telecommunications.

HDAW allocates almost 37% of its weight to financial services stocks with the two consumer sectors combining for 19% of the fund’s weight. The ETF holds 257 stocks with the largest holding representing 4.4% of the fund’s roster.

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