Vanguard High Dividend Yield ETF(AMEX:VYM)

VYM offers a diversified, conservative approach to high dividend yield in a low-cost wrapper. The fund`s broad basket stems partly from its comparatively lax dividend screens: Firms are ranked by forecast dividends over the next 12 months, those in the top half are selected. Stocks that make the cut are weighted by market cap rather than dividends, an approach also used by our benchmark. As a result, the broad portfolio aligns well with our benchmark by firm size, yield, and sector exposure. REITs are out of bounds too, in keeping with the conservative approach. The fund is a possible choice for those looking for broad dividend focus.