3G·

Brief update on the VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

The $TDIV (+0,39%) is very popular here - so here's the latest information:

On the homepage of Vaneck you can see the new allocation of the Dividend Leader after the adjustment of December 19.

A lot has changed! ⚠️

- Oil companies in top positions: Exxon now largest position. Plus BP, Total and Shell. The four together around 13%.

- Nestle now in 3rd place in the portfolio

- also new and in the top 10: Pepsi and Novo Nordisk

- Munich Re new

- Conocophillips new

- Unilever new

The country and sector weightings have not yet been updated (as at 30.11.).

https://www.vaneck.com/de/de/anlagen/dividend-etf/uebersicht/

Greetings

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42 Commenti

Stulle 🥪@Stullen-Portfolio

Since the comments were also about the criteria and the number of companies included, here is some information.

According to Vaneck:

"Stocks must meet the following criteria to be included in the index:

- The dividend has been paid in the last 12 months.
- The TTM dividend per share is not lower than the TTM dividend per share 5 years ago.
- The expected dividend payout ratio is less than 75%.
- The index then selects the 100 stocks with the highest dividend yield. The weighting of the individual shares is based on the total dividend paid.
- The maximum weighting of a share at the time of the review is 5%.
- The maximum weighting of a sector at the time of the review is 40%.
- The index is recompiled and reweighted every six months in June and December."

Greetings
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Novius@Novius

@Stullen-Portfolio You could almost think that you like the ETF after all 😅

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Stulle 🥪@Stullen-Portfolio

@Novius
Wow...thanks for the tip.

No, I really didn't want to give that impression 🙅

Greetings
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Basti92@BavarianLion

Thank you! This will probably be my first big shift next year! Selling the Vanguard high yield dividend completely and investing everything in the VanEck Morningstar!

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Denis@DenisVidukic

@BavarianLion For me personally, by far the best dividend ETF 🍀💪

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Stulle 🥪@Stullen-Portfolio

@BavarianLion
You will have your reasons for what you do...

Greetings
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Basti92@BavarianLion

@Stullen-Portfolio If you compare the performance of the two... this year alone! The high yield has performed almost 6% worse!

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Stulle 🥪@Stullen-Portfolio

@BavarianLion
Okay. ✅

...then you will also have your reasons for only considering these two.

Greetings
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KevinE@KevinE

@BavarianLion However, one year is not a long enough period.

Right now (for almost 10 years), financial stocks are performing pretty well - that's pulling them up.

I am invested in TDIV myself - but it is not yet clear that it will beat VHYL in the long term.

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Basti92@BavarianLion

@KevinE You're absolutely right, that's why I'm going to double up from January! 60k Vanguard High Dividend and 60k VanEck Morningstar! Both will be saved with 500€ per month each!

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Kai@Dividenden-Sammler

@BavarianLion not sell it completely and put everything in the VanEck?

Quote:
"Thank you! This will probably be my first big reallocation next year! Sell the Vanguard high yield dividend completely and invest everything in the VanEck Morningstar!"

I can already see the next big reallocation coming at the end of 2026, because ETF x is better than y after all.

The Vanguard is simply much better diversified than the VanEck in terms of sectors. There is a clearer cluster risk and also more expensive in terms of costs, because it is likely to be rebalanced more often.

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Basti92@BavarianLion

@Dividenden-Sammler I have decided to split it up! I'll leave half of it at $VHYL (60k) and the other half will go to $TDIV!

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Kai@Dividenden-Sammler

@BavarianLion is almost similar to my dividend strategy as far as ETFs are concerned. For me, $TDIV and $FGEQ are equally weighted.
- Both focus on dividends.
- I try to balance out the high US share of $FGEQ with $TDIV
- both also do well with a broad world ETF with just a better cash flow compared to the usual MSCI World or FTSE AllWorld ETFs, which is ideal for me as a dividend investor :-)

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Kate🦋@Iwamoto

interesting, thanks for the update. Are you planning to get involved here? ..... I also have a dividend ETF 🥺 -----> $EXH5 😎

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Stulle 🥪@Stullen-Portfolio

No, dear Kate @Iwamoto, no entry on my part. 🙅

"Focusing on dividends is a very good approach to foregoing returns." -> investing is simply rational for me 🧮💔🧠

And even if I really, really enjoy my work, I don't need "fun" or "emotional satisfaction" when investing the money I earn through this work. For me, it's quite simply and un-emotionally about returns. Since a focus on dividends really doesn't provide any benefit in this setup, I don't have this focus on dividends (which I'm very happy about, because I know how widespread this focus is and how "difficult" it can be)...☀️

...the whole thing goes (even) one step further for me, so that I also manage to prefer accumulators to distributors - but perhaps we don't want to open this barrel at this point 🤙😉

Greetings
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Kate🦋@Iwamoto

@Stullen-Portfolio Yes, I agree with your core statement. The vast majority of dividend hunters forfeit returns. Nevertheless, I would not generalize and look at the total return, which was often above the market average for the two ETFs mentioned. As far as accumulators vs. distributors are concerned, in a perfect world there would be no difference at all. The differences are very small in any case and, if you like, you can talk yourself into many advantages for distributors, for example. This is how I do it, for example, and even if they are not rationally correct, peace of mind is also a factor to consider when investing. From a very, very sober point of view, it seems to me that accumulators actually still have a small tax advantage in Germany. However, you then have to make targeted sales in the withdrawal phase, which also trigger trading fees... At the end of the day, so many arguments can be found in favor of one or the other that it is better to close the barrel again 🤭

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TotallyLost@TotallyLost

@Stullen-Portfolio For me, this is more of a value ETF with an additional check for quality characteristics.
In other words, a multifactor ETF. 😘

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Stulle 🥪@Stullen-Portfolio

@Iwamoto
Peace of mind is definitely very, very, very important, I completely agree with you. And it's all the better when you know that you have CONSCIOUSLY made certain decisions with this in mind (peace of mind).

Greetings
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Stulle 🥪@Stullen-Portfolio

22H

@TotallyLost
Well, I don't really know.
You have better ETFs in your portfolio for both value and quality...🤷
...and there's also a better one for multi-factor. ✌️

Greetings
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TotallyLost@TotallyLost

12H

@Stullen-Portfolio I'm not so sure about that.
Good value funds are difficult to find.
And every value fund that has placed too much emphasis on valuation and too little on quality has fared badly in recent years.

Dividend Leaders is actually one of the few value ETFs that has managed to keep up with the market in the current stock market phase, in which value and small caps are having problems.

This year it has moved into my portfolio with a 2% weighting and is my second-best fund in the value part of the portfolio after $C72LFR.

I like it as an addition to the portfolio, so the high concentration of the top 10 stocks no longer bothers me.

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Novius@Novius

Even if you are not a dividend-oriented investor, thanks for the update!

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BockaufDividenden@BockaufDividenden

The ETF has simply always been the best performer for me and I have several dividend ETFs. I like the VanEck

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TotallyLost@TotallyLost

@BockaufDividenden thanks also to Morningstar, they make the index 😉

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Johnny B.@JBatelli

Merry Christmas, thanks for the info!

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Stulle 🥪@Stullen-Portfolio

@JBatelli
Thank you. 😊
Merry Christmas to you too.

Greetings
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market_maverick_2776@market_maverick_2776

I just want a Acc version of this etf

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income_engineer_911@income_engineer_911_

👍

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Stulle 🥪@Stullen-Portfolio

@income_engineer_911_
Dankeschön.

Gruß
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Denis@DenisVidukic

Wow 😳Where is Roche now? Didn't spot it right away. Didn't they used to have 200 positions? Now only 100 🤔

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BockaufDividenden@BockaufDividenden

@DenisVidukic they always had 100 positions as far as I know.

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Denis@DenisVidukic

@BockaufDividenden Information on
VanEck ETFs N.V. - VanEck Morningstar
Developed Markets Dividend Leaders UCITS ETF
Represents the performance of companies with high dividend yields from developed markets. Includes over 200 companies from more than 20 countries across all sectors. All dividends of the fund are reinvested. Source: Trade Republic

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BockaufDividenden@BockaufDividenden

@DenisVidukic I can only recommend that you NEVER obtain information about ETFs or shares from the broker, be it Trade Republic, Scalable, Smartbroker or anywhere else. Instead, use the sites that specialize in this and have a different database:

https://extraetf.com/de/etf-profile/NL0011683594?tab=overview

For ETFs, I recommend ExtraETF or JustETF.

The VanEck dividend ETF has 101 equity positions.

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BockaufDividenden@BockaufDividenden

@DenisVidukic In addition, dividends are not reinvested but distributed:

We are talking about NL0011683594, right?

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Denis@DenisVidukic

@BockaufDividenden Yes, exactly. That's what we're talking about. That's right, it distributes and doesn't accumulate. I've just been on their site. You're right. There are only 101 positions.

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Kai Nehr@Webda

@BockaufDividenden that will be correct. As a rule, company distributions are reinvested directly. When the ETF dividends are paid out, shares are then sold from the fund.

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Johnny B.@JBatelli

Great, I'm staying invested. The ETF is exactly to my taste and puts shares in the portfolio, as I would do.

Oil stocks are valued low right now. Pepsi and novo too. And nestle, munich re, conocophilips and unilever simply belong in a dividend ETF. And yet we continue to benefit from the increased exposure to banks. I think they will continue to earn well for the time being due to volatility, interest rates and a perceived increase in interest in financial products.

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Stulle 🥪@Stullen-Portfolio

@JBatelli
Good luck.

Greetings
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AktienAthlete@AktienAthlete

Top thanks to you! I'm also thinking about adding it to my portfolio.

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Stulle 🥪@Stullen-Portfolio

@AktienAthlete
Hmmm, think about it carefully.

Greetings
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Dividendenoldie@Dividendenoldie

Top countries, after restructuring, according to AI calculation, WITHOUT guarantee:
Country Share
🇺🇸 USA 22.67 %
🇬🇧 Great Britain 11.21 %
🇨🇭 Switzerland 10.66 %
🇫🇷 France 9.56 %
🇩🇪 Germany 7.87 %
🇨🇦 Canada 6.58 %
🇯🇵 Japan 6.55 %
🇦🇺 Australia 6.18 %

👉 Top 8 together: ~81,3 %

Midfield
Country share
🇪🇸 Spain 4.55 %
🇮🇹 Italy 4.46 %
🇸🇬 Singapore 3.62 %
🇩🇰 Denmark 2.49 %

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Dividendenoldie@Dividendenoldie

and the sectors, there are clear differences between the countries and sectors, also all WITHOUT a thread: Top sectors
Sector share
🏦 Finance (insurance companies, banks, asset managers) ≈ 29 %
🛢️ Energy (oil & gas, integrated groups) ≈ 15 %
🩺 Health (pharmaceuticals, healthcare) ≈ 14 %
🧃 Consumer staples ≈ 11 %

👉 Top 4 together: ~69 %

Midfield
Sector share
🏭 Industry ≈ 10 %
📡 Telecommunications ≈ 6 %
Utilities ≈ 6 %
Smaller admixtures
Sector share
🧱 Materials ≈ 4 %
🛒 Cyclical consumption ≈ 3 %
💻 Technology ≈ 2-3 %
💰 Cash / other ≈ 0.4 %

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Finanzaristokrat@Finanzaristokrat

@Stullen-Portfolio I looked everywhere. But I couldn't find anything that had been added or removed. Chatgpt says.

✅ NEWLY ADOPTED (December 2025)
- Banco BPM
- Intesa Sanpaolo (resumption / significant increase)
- Enel
- Engie
- AXA (re-entry / higher weighting)
- Sanofi

Focus: Europe (🇮🇹 Italy, 🇫🇷 France)
Sectors: Banks, insurance, utilities, pharmaceuticals → strong cash flow focus

⸻

❌ FALLING OUT (December 2025)
- IBM
- Cisco Systems
- 3M
- AT&T

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