The Vanguard FTSE All-World High Dividend Yield UCITS ETF (USD) Distributing (VHYL) is an Ireland-domiciled equity ETF managed by Vanguard and traded on the London Stock Exchange.

The fund seeks to track the performance of the FTSE All-World High Dividend Yield Index, a benchmark composed of large- and mid-cap companies across developed and emerging markets selected for their relatively high forecast dividend yields.

VHYL provides broad global equity exposure across the United States, Europe, Asia, and emerging markets. The fund follows a passive investment strategy and uses physical replication by investing in a representative sample of securities included in its benchmark. It operates under the UCITS framework and follows a distributing income policy.

The FTSE All-World High Dividend Yield Index starts with large- and mid-cap constituents of the FTSE All-World Index and applies a ranking process based on forecast dividend yields. REITs are excluded, and eligible constituents are weighted by investable market capitalization, taking free float and foreign ownership restrictions into account.

Composition / Exposure Profile

VHYL holds companies across a broad range of economic sectors, including:

• Financials.

• Industrials.

• Health care.

• Energy.

• Consumer staples.

• Information technology.

• Consumer discretionary.

• Communication services.

• Materials.

• Utilities.

Geographically, the fund provides exposure to developed and emerging markets, including the United States, the United Kingdom, Japan, Canada, Switzerland, France, Germany, Australia, and China.

The strategy tilts the portfolio toward companies with relatively high forecast dividend yields compared with the broader FTSE All-World universe. Because the benchmark is weighted by investable market capitalization, larger eligible companies generally account for greater portions of the portfolio.

Structure and Costs

VHYL trades on the London Stock Exchange and has the U.S. dollar as its base currency. The fund also has listings in other trading currencies.

The ETF uses physical replication through representative sampling. It is domiciled in Ireland, operates under the UCITS framework, and is part of Vanguard Funds plc.

VHYL is a distributing share class, with income generated by its holdings distributed to shareholders quarterly rather than fully reinvested within the fund.

History and Evolution of the ETF

The Vanguard FTSE All-World High Dividend Yield UCITS ETF (USD) Distributing (VHYL) was launched in 2013 by Vanguard to provide global exposure to large- and mid-cap companies characterized by relatively high dividend yields.

Since its launch, the fund has maintained a passive strategy linked to the FTSE All-World High Dividend Yield Index, providing geographically and sectorally diversified exposure across developed and emerging markets.

Throughout its history, the fund's performance has reflected movements in global equity markets as well as the performance of companies selected under the benchmark's dividend-yield methodology.

Additional Information

Vanguard FTSE All-World High Dividend Yield UCITS ETF (USD) Distributing (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $7.68 billion.

Over the past 12 months, Vanguard FTSE All-World High Dividend Yield UCITS ETF (USD) Distributing recorded a return of 14.72%, with its price trading between $77.45 and $113.71 during the same period.

The ETF is traded under the ticker VHYL.