Sign-up to Receive
Our Latest Insights

TDIV
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

Index Description

The Morningstar® Developed Markets Large Cap Dividend Leaders Index™ is composed of the top 100 positions based on dividend yield which satisfy the screening criteria, including companies that display consistency and sustainability in dividend payment patterns. The weight of a share within the Morningstar® Developed Markets Large Cap Dividend Leaders Index™ is determined based on the  total dividend paid. The index has a 40% sector cap.

Index Key Points

Underlying Index
Morningstar Developed Markets Large Cap Dividend Leaders Index (MSDMDLGE)

Index composition
Shares must meet the following criteria to be included in the index:

• The dividend has been paid in the past 12 months.
• The dividend TTM dividend per share is not lower than the TTM dividend per share 5 years ago.
• The forward dividend payout ratio is less than 75%.
• The index then selects the 100 shares with the highest dividend yield. The weight of each share is based on the total dividend paid.
• The maximum weight of a share at the time of review is 5%.
• The maximum weight of a sector at the time of review is 40%.
• The index is reconstituted and rebalanced semi-annually, in June and December.

     

    Index Provider

    Morningstar

     

    Download Index Methodology

    Index Information

    • Index Provider

      Morningstar

    • Index Type

      Total Return

    • Currency

      EUR

    • Inception Date

      16 Dec 2005

    • Reconstitution Frequency

      Semi-Annually

    • Bloomberg Ticker

      MSDMDLGE

    • Reuters Ticker

      .MSF00000X1LU

    Index Top 10 Constituents (%) as of 30 Apr 2022

    Total Constituents: 100
    Constituent Name
    Ticker
    		Weightings (%)
    Exxon Mobil Corp
    XOM US
    		6.52
    Chevron Corp
    CVX US
    		5.85
    Abbvie Inc
    ABBV US
    		4.78
    Verizon Communications Inc
    VZ US
    		4.13
    At&T Inc
    T US
    		3.89
    Novartis Ag-Reg
    NOVN VX
    		3.74
    Philip Morris International
    PM US
    		3.63
    Altria Group Inc
    MO US
    		3.46
    Rio Tinto Plc
    RIO LN
    		3.43
    British American Tobacco Plc
    BATS LN
    		3.32
    Top 10 Total (%) 42.75
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

    Index Country Weightings (%) as of 30 Apr 2022

    • Country

      Weightings (%)
    • ■

      United States

      41.0
    • ■

      Japan

      11.5
    • ■

      United Kingdom

      10.3
    • ■

      France

      9.8
    • ■

      Canada

      8.8
    • ■

      Switzerland

      6.0
    • ■

      Germany

      4.6
    • ■

      Italy

      1.5
    • ■

      Hong Kong

      1.4
    • ■

      Spain

      1.2
    • ■

      Australia

      1.2
    • ■

      Netherlands

      0.7
    • ■

      Singapore

      0.5
    • ■

      Norway

      0.5
    • ■

      Finland

      0.4
    • ■

      Austria

      0.1
    • ■

      Belgium

      0.1
    • ■

      Poland

      0.1
    • ■

      Israel

      0.1

    Index Sector Weightings (%) as of 30 Apr 2022

    • Sector

      Weightings (%)
    • ■

      Financials

      23.7
    • ■

      Energy

      17.2
    • ■

      Health Care

      14.3
    • ■

      Consumer Staples

      12.4
    • ■

      Communication Services

      10.6
    • ■

      Materials

      7.6
    • ■

      Utilities

      6.3
    • ■

      Industrials

      2.8
    • ■

      Information Technology

      2.7
    • ■

      Real Estate

      1.0
    • ■

      Consumer Discretionary

      1.0
    • ■

      OTHERS

      0.3

    Important Disclosure           

    This website is for informational/advertisement purposes only.

    Information contained in this website does not constitute any legal or investment advice. This website does not constitute an offer to sell or solicitation to buy any security, including shares of any investment fund promoted on this website and other financial instrument, products or services sponsored by any VanEck affiliates ("VanEck").

    VanEck constructs and issues the investment funds but does not give any financial advice to private investors or accept client funds. VanEck provides financial services (e.g. financial advice) only to professional clients according to the detailed definition in the Terms and Conditions of this website. For questions regarding investing or trading please contact your advisor, brokerage or bank. If you have technical questions regarding our investment funds, please contact us.

    An investment in the promoted investment funds may only be made based on the investment fund’s official sales prospectus, the relevant supplement and KIID and will be subject to the terms and conditions contained therein.

    You can lose money by investing in the Funds. The value of the investments may go up or down and the investor may not get back the amount invested. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. Any investment in a fund should be part of an overall investment program, not a complete program. An investor should consider investment objectives, risks, charges, and expenses of the investment carefully before investing.

    Investment fund investing involves risk, including possible loss of principal. Investors should consult the prospectus and key investor information document ("KIID") before subscribing to any fund. The prospectus, the key investor information documents and the financial reports can be obtained free of charge from this website and upon request from the funds’ registered office and the offices of all local information agents. The documents, except for KIIDs, are only available in English and certain other languages as applicable.

    Performance data for the Irish domiciled funds is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Performance data for the Dutch domiciled ETFs include income distributions gross of Dutch withholding tax, net of fees and assume that the Dutch dividend withholding tax levied from the dividend payment of the ETF will be deducted or reclaimed with the Dutch tax authority and is reinvested. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. Brokerage or transaction fees will apply. The Dutch domiciled ETFs use a gross reinvestment index. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors deduct or reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. For more information please be referred to the respective fund’s performance section on this website.

    The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

    Not Insured — No Bank Guarantee — May Lose Value

    Web Access Notice: VanEck is committed to ensuring accessibility of its website for investors and potential investors, including those with disabilities. If you have difficulty accessing any feature or functionality on the VanEck website, please feel free to email us at info@vaneck.com for assistance.

    © 2022 VanEck®, VanEck Access the opportunities® and the stylized VanEck® design are trademarks of Van Eck Associates Corp.