VYMI tracks the FTSE All-World ex US High Dividend Yield Index, which holds companies outside the United States, in developed and emerging markets, that are expected to pay above-average dividends. The portfolio has large weights in financials, energy, consumer staples and industrials and a small weight in technology. Currency exposure is not hedged. VYMI is the international counterpart of VYM, and its dividend yield has typically been higher than that of US dividend funds.
