MDYF Morningstar Dividend Yield Focus Index

The Index starts with stocks in Morningstar US Market Index, a broad market index representing 97% of U.S. equity market capitalization. REITs are not included in the index. The index then eliminates stocks that do not meet certain quality and fundamental measures: 1) Company quality is determined based on Morningstar Economic Moat and Uncertainty ratings, where companies are expected to earn above-average profits and sustain their dividend. Companies must have a moat rating of narrow or wide and an uncertainty rating that is not very high or extreme. 2) Companies are screened for financial health using Morningstar’s Distance to Default measure. A company must have a Morningstar Distance to Default score in the top 50% within its sector. From the remaining companies, the index selects the 75 companies with the highest dividend yield.

As of 05/17/2019

Index Information
Provider:     Morningstar
Category1:  US Equity
Category2:  Broad Market
Category3:  Multi-cap
Country:      USA
Currency:    USD
Inception date:  01/10/2010
Backtesting data exists:   No
Weighting methodology:   Dividend weighted
Methdology guide:  Read PDF
Number of holdings:  75
Total return version:  MDYFT

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