MSCI Europe Dividend Growers ETF - EUDV MSCI Europe Dividend Growers ETF

ProShares MSCI Europe Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the MSCI Europe Dividend Masters Index.

  • The only ETF that focuses exclusively on companies in the MSCI Europe Index that have grown dividends for at least 10 consecutive years.††
  • Historically, international companies that grew their dividends outperformed those that didn't.
  • EUDV is part of the largest suite of ETFs focused on dividend growers, covering U.S. and international markets.
  • Learn more about ProShares Dividend Growers ETFs.
  • Watch "Not All Dividend Strategies Are Created Equal."

Index/Benchmark Summary

The index targets companies that are currently members of MSCI Europe and have increased dividend payments each year for at least 10 years. The index contains a minimum of 25 stocks, which are equally weighted. Generally, no single sector is allowed to comprise more than 30% of an index's weight, and no single country is allowed to comprise more than 50% of the index weight. If there are fewer than 25 stocks with at least 10 consecutive years of dividend growth, or if sector or country caps are breached, the index will include companies with shorter dividend growth histories. The index is rebalanced each February, May, August and November, with an annual reconstitution during the November rebalance.

Fundamentals as of 12/31/18

Total Number of Companies 35
Price/Earnings Ratio 15.66
Price/Book Ratio 2.30
Dividend Yield (%) 3.40
Average Index Market Capitalization $44.35 billion

Index Holdings Information as of 12/31/18

Top 10 Index Companies Weight
Intertek Group PLC 3.09%
Novo Nordisk A/S-Class B 3.08%
Red Electrica Corp. SA 3.06%
Bunzl PLC 3.03%
Wolters Kluwer 3.02%
Standard Life Aberdeen PLC 2.99%
EssilorLuxottica 2.97%
WPP PLC 2.96%
Roche Holding AG 2.96%
Ahold Delhaize 2.95%
Index Country Weightings Weight
United Kingdom 39.84%
France 11.71%
Switzerland 11.38%
Denmark 8.86%
Germany 7.84%
Netherlands 5.97%
Spain 5.95%
Ireland 5.53%
Belgium 2.92%
Index Sector Weightings § Weight
Health Care 19.81%
Consumer Staples 19.69%
Industrials 17.10%
Consumer Discretionary 11.51%
Financials 8.64%
Materials 8.53%
Utilities 5.92%
Telecommunication Services 5.91%
Energy 2.89%
§ Sum of weightings may not equal 100% due to rounding.


†† It is possible that the requirement to have 10 consecutive years of dividend growth could be reduced in the future. If there are fewer than 40 stocks with at least 10 consecutive years of dividend growth, or if sector or country caps are breached, the index will include companies with shorter dividend growth histories.

Source: Ned Davis Research analysis of companies underlying the MSCI EAFE Index, a leading developed market index. Data is from June 30, 1996 through December 31, 2015.