Morgan Stanley Holds Over 30% of This Emerging Market Dividend Fund Yielding 4.7% 2

Exposure to dividend stock in emerging markets

The ALPS Emerging Sector Dividend Dogs ETF (EDOG) with a 4.66% dividend yield is one of the highest yielding financial products available to emerging market investors. The fund tracks the performance of the S-Network Emerging Markets Index and offers exposure to dividend-paying stocks in emerging markets.

The fund, managing about $38 million in assets, has an expense ratio of 0.60%. Top institutional owners of the fund include Morgan Stanley Smith Barney LLC (MS), and Merrill Lynch & Co Inc (BAC), which own 30.82% and 12.55% of the total shares of EDOG, respectively.

Year-to-date (April 27, 2017), the ALPS Emerging Sector Dividend Dogs ETF (EDOG) has returned 9.01% to its investors; up 2.29% over the past year.

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EDOG Portfolio highlights

  • 90% of the fund’s assets are invested in the Emerging markets (EEM) (VWO).
  • Asia (AAXJ) (43%), Europe (VGK) (37%), and Latin America (ILF) (10%) form the top 3 markets that the fund in invested in. Thailand (THD), Russia (RSX), and Malaysia (EWM) are top markets.
  • Financials (10%), Energy (10%), and Telecommunications (10%) dominate the EDOG portfolio.
  • Invested in a good mix of large cap (69%), mid cap (26%), and small-cap (6%).
  • Top 5 equity holdings of the fund include:
ADR TickerNameCountryWeight (%)SectorYTD Return (April 27)
PZAKYPowszechny Zaklad Ubezpieczen SAPoland2.37Financials NA
IRPSYIRPC PclPoland2.27Energy NA
 NATurkiye Sise ve Cam Fabrikalari A.S.Turkey2.21Industrials NA
 NAEregli Demir ve Celik Fabrikalari TASTurkey2.20Materials NA
MLYBYMalayan Banking BerhadMalaysia2.15Financials24.72%
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