Dividend Funds

The goal of dividend funds is to pay a higher than average dividend usually using the S&P 500 index as the comparison.

Here is a list of low-cost dividend ETFs and mutual funds in alphabetical order, according to their stock symbol.

Dividend ETFs and Funds

DLN - WisdomTree Large Cap Dividend Fund. The Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend Index. 0.28% expense ratio.

DVY - Dow Jones Selected Dividend Index. The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones Select Dividend index. The fund uses a representative sampling strategy to try to track the index. The index is comprised of one hundred of the highest dividend-yielding securities (excluding REITs) in the Dow Jones U.S. Total Market index, a broad-based index representative of the total market for U.S. equity securities. 0.40% expense ratio.

FVD - First Trust Value Line Dividend Fund (ETF). The investment objective of the Fund is to replicate the investment results of the Value Line(R) Dividend Index. 0.70% expense ratio.

PEY - High Yield Dividend Achievers. The investment seeks investment results that correspond generally to the price and yield (before the fees and expenses) of an equity index called the Dividend Achievers(TM) 50 index (the “Index” or the “Underlying Index”). 0.60% expense ratio.

PFM - Dividend Achievers. The investment seeks results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Broad Dividend Achievers(TM) index. The fund normally invests at least 80% of total assets in common stocks of companies that have raised their annual regular cash dividend payments for at least each of the last 10 consecutive fiscal years. 0.60% expense ratio.

PHJ - High Growth Rate Dividend Achievers. The investment seeks results that correspond generally to the price and yield (before the fees and expenses) of an equity index called the High Growth Rate Dividend Achievers index. 0.60% expense ratio.

SDY - S&P Dividend. The investment seeks to replicate, before expenses, correspond generally to the price and yield of the S&P High Yield Dividend Aristocrats index. 0.35% expense ratio.

VIG - Vanguard Dividend Appreciation Fund (ETF). The Fund seeks to provide competitive long-term growth of capital and increasing income. The fund's target benchmark is the Mergent Dividend Achievers Select Index a subset of the Mergent Dividend Achievers Index a market-capitalization weighted index of stocks with a consistent history of increasing dividends. 0.28% expense ratio.

VYM - Vanguard High Dividend Yield Index Fund (ETF). The fund tracks the performance of the FTSE/ High Dividend Yield index. 0.25% expense ratio.

Dividend Indexes

Value Line(R) Dividend Index

Dow Jones Select Dividend index

Dividend Achievers(TM) 50 index

Broad Dividend Achievers(TM) index

High Growth Rate Dividend Achievers index

S&P High Yield Dividend Aristocrats

Designed to measure the performance of the 50 highest dividend yielding S&P Composite 1500 constituents, which have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 years. The index is weighted by indicated annual dividend yield, with constituents being re-weighted every quarter. The High Yield Dividend Aristocrats constituent universe is reviewed every December. The index methodology incorporates minimum market capitalization and liquidity criteria, as well as buffers to reduce turnover at index rebalancings. There are also concentration limits to prevent any stock from being more than 4% of the index weight at each quarterly rebalancing.

Mergent Dividend Achievers Select Index

FTSE/ High Dividend Yield index

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