DIVI vs EFAS

DIVIAFranklin International Core Dividend Tilt Index ETF

EFASCGlobal X MSCI SuperDividend EAFE 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.

EFAS EFAS skips the broad income net: it takes the 50 highest-yielding stocks in developed Europe, Australasia and the Far East, weights them equally, and resets once a year. A yield-first, concentrated take on international income, paid monthly.

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.

EFAS EFAS seeks investment results that generally correspond to the performance of the MSCI EAFE Top 50 Dividend 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.

• EFAS The mandate is blunt: rank the developed-market EAFE universe by dividend yield, take the top 50, weight them equally. No cap-weighted dilution of the income screen.sec.gov
• Equal weighting plus an annual rebalance means a small Australian name carries the same load as a Swiss giant, tilting away from the mega-caps that anchor cap-weighted rivals.sec.gov
• Distributions land monthly, a cadence Global X has kept running since the fund launched in 2016.globalxetfs.com

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

• EFAS 0.55% a year sits above the peer-group median of 0.50%, and it is several times what VYMI (0.07%) or SCHY (0.08%) charge for international dividend exposure.
• About 50 equal-weighted names is a narrow base, and a top-of-the-yield-table screen pulls in value-priced stocks, so single companies and sectors move the fund hard.sec.gov
• It trades thinly next to the category's heavyweights, which puts more weight on limit orders and the spread at the point of entry.

Full DIVI profile⁠

Full EFAS profile⁠