Vanguard International High Dividend Yield Index has a lot to like. It strikes a favorable balance between pursuing stocks with high dividend yields and managing the associated risk, leaning toward larger, more stable firms that should offer some downside protection. After re-examining its advantages, we no longer think it ranks among the very best in the foreign large-value Morningstar Category, so we have downgraded its Morningstar Analyst Rating to Silver from Gold.
Will VYMI outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VYMI’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VYMI management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VYMI’s parent organization’s priorities and whether they’re in line with investors’ interests.