Vanguard High Dividend Yield ETF (NYSE: VYM), which holds 410 stocks with $40.0 billion in total net assets, is one of the largest dividend ETF. It has a yield of 3.17% but has a low expense ratio of 0.06%. Its asset class is consisted of large value domestic stocks. This ETF tracks the performance of stocks that are forecasted to have above-average dividend yields.

1. Johnson & Johnson
2. JPMorgan Chase & Co.
3. Procter & Gamble Co.
4. Bank of America Corp.
5. Intel Corp.
6. Verizon Communications Inc.
7. Comcast Corp.
8. AT&T Inc.
9. Pfizer Inc.
10. Walmart Inc.

The portfolio composition consisted of the following equity sectors.

• Basic materials 3.80%
• Consumer Discretionary 6.10%
• Consumer Staples 13.10%
• Energy 6.30%
• Financials 20.60%
• Health Care 14.20%
• Industrials 9.90%
• Technology 9.30%
• Telecommunications 7.90%
• Utilities 8.80%

In conclusion, Vanguard High Dividend Yield ETF is for investors who are interested in ETF that pay high dividends with low fee ratio.