FTSE Canadian High Dividend Yield Index ETF Review (VDY) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 78/100
This equity ETF has an MER of 0.30%. With lower than average fees, it’s a cost-effective option. Managing 159 million in assets, it’s widely trusted by investors. Suitable for those seeking growth with a medium to high risk tolerance.
 
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

VDY trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The FTSE Canadian High Dividend Yield Index (VDY) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the FTSE Canadian High Dividend Yield Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.30%. This ETF trades on the TSX exchange.

VDY stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $159MM

Expense Ratio: 0.30%

Price: $43.47 (Updated: 3/7/2024)



FTSE Canadian High Dividend Yield Index (VDY) Top 10 Holdings

Company NameSymbolAssets %
Royal Bank of CanadaRY13.98759
Toronto Dominion BankTD11.28645
Enbridge IncENB7.66684
Canadian Natural Resources LtdCNQ6.98902
Bank of MontrealBMO6.93875
Bank of Nova ScotiaBNS5.75991
Suncor Energy IncSU4.39805
Canadian Imperial Bank Of CommerceCM4.17359
TC Energy CorpTRP4.14874
Manulife Financial CorpMFC4.10619

FTSE Canadian High Dividend Yield Index (VDY) Breakdown by Market Cap

CategoryValue
Mega61.58038
Big29.5102
Medium6.45248
Small2.45694
Micro0

FTSE Canadian High Dividend Yield Index (VDY) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials0.990054.5057
Consumer Cyclicals2.671144.76225
Financial Services55.4649835.65692
Real Estate0.222153.47149
Communication Services6.914066.52892
Energy28.477416.70947
Industrials0.4680411.8153
Technology0.069134.33511
Consumer Defensive0.161093.71767
Healthcare01.86523
Utilities4.561956.63194

FTSE Canadian High Dividend Yield Index (VDY) Geographic Breakdown

RegionEquity %Relative to Category
North America10099.493
United Kingdom00.20239
Europe Developed00.289
Europe Emerging00
Africa/Middle East00
Japan00.014
Australasia00
Asia Developed00.001
Asia Emerging00
Latin America00

VDY Management Expense Ratio

VDY has a management expense ratio of  0.30% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  


How to Buy  FTSE Canadian High Dividend Yield Index TSX ETF

You can buy  VDY on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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