Welcome to VanEck
Select Investor Type
Marketing Communication
Amidst the current period of elevated inflation, investing in dividends can offer an additional source of regular income. VanEck’s Dividend ETFs search out the top 100 income payers selected for their dividend yields, resilience and potential for growth. The VanEck Morningstar Developed Market Dividend Leaders ETF provides exposure to the top 100 dividend leaders across global developed markets, while the VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF focuses specifically on developed markets outside the U.S., offering investors a complementary solution for portfolios with significant U.S. exposure. Both ETFs track Morningstar Dividend Leaders indices, follow a passive equity strategy and have comparable risk-reward profiles dominated by equity market and currency risk. The sole material difference is the geographical universe (global vs. ex-US), which may alter currency exposure and sector weightings. This comparison is based on the shared Morningstar Dividend Leaders methodology (objective selection criterion). Sources for any comparative statements are Morningstar Indexes and VanEck internal data. Key assumptions include an identical index methodology, identical dividend-yield screen, and the same rebalancing schedule. Dividend resilience is a particular focus, with preference given to those companies that have consistently paid dividends and where earnings appear to potentially cover future dividends.
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF
- Top 100 global stocks selected based on dividend yield
- Screened for expected dividend resilience
- Diversified across sectors and countries
- ETF with proven track record
- Distributing: generates passive income through dividends
TDIV
ETF Details
ETF Details
Basis-Ticker:TDIVISIN:NL0011683594
TER:0.38%
AUM:€7.4 B (as of 21-04-2026)
SFDR Classification:Article 8
Lower risk
Higher risk
Typically lower reward
Typically higher reward
1
2
3
4
5
6
7
VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF
- Top 100 global ex-US stocks selected based on dividend yield1
- Designed to reduce US concentration risk
- Screened for expected dividend resilience1,2
- Broad diversification across companies and sectors excluding-US
- Accumulating: dividends are reinvested directly
ETF Details
ETF Details
Basis-Ticker:TDVXISIN:IE000QYDXKV5
TER:0.38%
AUM:$991.7 K (as of 21-04-2026)
SFDR Classification:Article 8
Lower risk
Higher risk
Typically lower reward
Typically higher reward
1
2
3
4
5
6
7
Dividend ETF as a Way to Generate Regular Income
How can you generate additional income in an age of high inflation?
High dividend equities may provide a valuable solution. For income investors, VanEck Morningstar Developed Market Dividend Leaders ETF offers access to this revenue stream.
When a publicly traded company earns a profit, it can decide to distribute a proportion of the earnings to shareholders as a reward. This reward is called a cash dividend.
Regular cash dividends are paid on a predefined schedule and the amount can typically be estimated using the company’s dividend policy. In case of outstanding financial results or various proceeds from M&A activities (e.g. selling a subsidiary company at a profit), the company can decide to reward its shareholders by distributing a special cash dividend. For more insights on dividends, visit our ETF Academy.
Besides cash payments, the company can also decide to issue the reward in the form of a stock dividend. The tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
Over a longer period, dividends constitute an important part of total return. Over the long term, dividends have constituted an important part of total returns. However, past performance is not a reliable indicator of future results. For example, over the past three decades, the S&P 500’s performance with dividend reinvestment has been approximately twice its price return alone. The VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF distributes dividends to investors rather than reinvesting them in the fund. Investors can choose to use these proceeds to purchase additional ETF shares. Investing is subject to risk, including the possible loss of principal.
Evolution of investment of 100 USD in S&P 500
Source: VanEck
Historically, higher dividend-paying stocks have shown relatively higher returns (as can be seen in the chart below). For many reasons, we believe that a high dividend payout disciplines management. If a firm has too much free cash flow at its disposal, managers might be tempted to undertake value-destroying projects or spend on excessive salaries or perks.
Dividends are also assumed to be one of the defensive factors that perform well during times of macroeconomic instability.
Performance of portfolios based on their dividends
Past performance is not a reliable indicator of future performance. This also holds for historical market data
Source: VanEck analysis using data from Kenneth French. Portfolios are split based on dividend yields and include all NYSE, AMEX and NASDAQ Stocks. Monthly returns are used to calculate annualized data for the 50 years ending November 2022. A geometrical average is used to calculate the performance.
The VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF Historical Dividend Yield Data Track Record
The Dividend Leaders Index delivered a higher weighted average historical dividend yield compared to the MSCI World during 2016–2025 due to a focused investment strategy targeting top-tier dividend payers, rather than the broad market capitalization approach of the MSCI World. The yield differential was driven by a selection process that filtered for high income, consistency, and sustainability of payouts, which naturally leads to higher yields, especially in the 2016–2025 period which included various market cycles. Past performance does not predict future results. Investing is subject to risk, including the possible loss of principal.
Weighted Average Dividend Yield
Data as of 2026/02/28.
Why the Dividend ETF from VanEck?
European investors have a choice of around 15 high dividend ETFs, with some focusing on selecting companies with the highest dividend yields and others prioritizing dividend growth. At VanEck, we believe that combining both strategies can generate the best performance for investors. Therefore, this ETF filters for yields and dividend growth to deliver a high and steadily growing income flow. However, it's important to note that investing in equities involves risk, and we generally recommend long-term investing, ideally for over five years, to help mitigate that risk.
A Potential Source of Higher Income
These Funds harness the advantages of ETFs, such as easy trading and low costs, to seek to deliver regular income. The VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF identifies high-quality dividend-paying companies globally and diversifies across them, which may help reduce certain concentration risks.
Top 100 developed market equities, selected for dividend yields
This ETF invests in the largest, most liquid companies globally selected...
This ETF invests in the largest, most liquid companies globally selected...
Screened for dividend resilience
The Fund screens prospective holdings for dividend resilience...
The Fund screens prospective holdings for dividend resilience...
Diversified across sectors and stocks
The Dividend ETF by VanEck is diversified across equity market sectors...
The Dividend ETF by VanEck is diversified across equity market sectors...
These Funds follow Morningstar’s indexes
The VanEck Morningstar Developed Market Dividend Leaders ETF tracks an index of global equities with high dividend yields. It is developed by Morningstar, one of the prominent global market research firms. The VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF tracks an index focuses specifically on developed markets outside the U.S., offering investors a complementary solution for portfolios with significant U.S. exposure. The index's are following the following parameters:
For each equity, a dividend has been paid in the last 12 months. Only proven dividend payers who abide by their commitments and dividend policies should enter the VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF.
Less than 75% of expected earnings are to be paid out in dividends. Large dividends do not guarantee a similar level of payout in the future. Rather, this might harm potential long-term growth and the overall future of the company. A high dividend yield is by no means an indicator of financial health.
Maximum weightings* of 40% in any sector and 5% in a single security ensure high diversity across the portfolio. Additionally, geographical diversification may help mitigate concentration risk.
*Detailed information on the methodology of the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index and Morningstar Developed Markets ex-US Large Cap Dividend Leaders Screened Select, which is linked to this investment can be found in the Morningstar Index Methodology.
The Dividend ETF by VanEck Has Delivered Strong Returns
Top 10 Holdings
| Holding Name | Shares |
% of Net Assets |
|---|---|---|
| Exxon Mobil Corp | 3238282 | 6.64 |
| Verizon Communications Inc | 8298932 | 5.04 |
| Totalenergies Se | 3458006 | 3.90 |
| Pfizer Inc | 11293681 | 3.83 |
| Shell Plc | 6699291 | 3.83 |
| Nestle Sa | 3004691 | 3.55 |
| Roche Holding Ag | 632960 | 3.00 |
| Pepsico Inc | 1559298 | 2.93 |
| Allianz Se | 479621 | 2.40 |
| Bp Plc | 24825409 | 2.40 |
| Top 10 Total (%) | 37.51 | |
Key Documents and Links
Main Risk Factors for Dividend ETFs
Because all or a portion of the Fund are being invested in securities denominated in foreign currencies, the Fund’s exposure to foreign currencies and changes in the value of foreign currencies versus the base currency may result in reduced returns for the Fund, and the value of certain foreign currencies may be subject to a high degree of fluctuation.
The prices of the securities in the Fund are subject to the risks associated with investing in the securities market, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.
Please contact us for more information:
- Phone: +31 (0)20 719 51 00
- Email: [email protected]
