DIVI vs EFAD

DIVIAFranklin International Core Dividend Tilt Index ETF

EFADCProShares MSCI EAFE Dividend Growers ETF

In short

DIVI A tilt, not a screen: DIVI optimizes a broad developed-markets ex-North America index toward higher yield while limiting drift from that parent. Core international shape, income lean, 0.09% a year.

EFAD The dividend-aristocrat playbook with a passport: EFAD holds developed-market companies outside the US that have raised dividends at least 10 straight years, weighted equally so no single mega-cap steers the ship.

Stated mandate

DIVI The Fund seeks to track, before fees and expenses, the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Its index methodology seeks higher dividend yield than the parent index while maintaining core exposure to developed markets outside North America.

EFAD The Fund seeks to track the MSCI EAFE Dividend Masters Index before fees and expenses.

Why people hold it

• DIVI Costs 0.09% a year, while the median fund in its international-dividend cohort charges closer to 0.50%.
• The index takes a broad developed ex-North America benchmark and optimizes it for higher yield while limiting expected tracking error to that parent. Income lean, core shape.sec.gov
• Tracks its index closely, among the strongest implementations in its peer group.
• A multi-billion-dollar fund holding about 80 developed-market names, paying distributions quarterly.

• EFAD Strict door policy: holdings must have increased dividends every year for at least a decade, drawn from large and mid caps in developed markets outside the US and Canada.sec.govproshares.com
• Equal weighting, a 30% sector cap and roughly 80 names keep one giant or one sector from steering the portfolio.sec.gov
• Live since 2014, run as plain index replication, and it has tracked its benchmark closely. Pays quarterly.sec.gov

Worth knowing

• DIVI The tilt is mild by design: the index caps how far it can drift from its parent, so it reaches for less yield than funds built on hard high-yield screens.sec.gov
• Cheaper options sit in the same cohort (VYMI at 0.07%, SCHY at 0.08%), so the fee edge is over the category median, not over the largest index shops.
• Today's strategy dates to 2022, when the fund was renamed from Franklin LibertyQ International Equity Hedged ETF, so its 2016-onward record covers a different mandate.sec.gov

• EFAD The 0.50% fee matches its cohort median but sits well above international dividend index rivals like VIGI (0.07%) and IGRO (0.15%).
• Thinly traded, so spreads can run wider than in the category's heavyweights.
• Built-in release valve: if fewer than 40 names clear the 10-year bar, shorter streaks get in, and one country may carry up to half the index weight.sec.gov

Full DIVI profile⁠

Full EFAD profile⁠