MSCI EAFE Dividend Growers ETF - EFAD MSCI EAFE Dividend Growers ETF

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

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

Index/Benchmark Summary

The index includes companies that are currently members of the MSCI EAFE, and have increased dividend payments each year for at least 10 years. The index contains a minimum of 40 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 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. The index is rebalanced each February, May, August and November, with an annual reconstitution during the November rebalance.

Fundamentals as of 6/28/19

Total Number of Companies 53
Price/Earnings Ratio 18.25
Price/Book Ratio 2.31
Dividend Yield (%) 2.89
Average Index Market Capitalization $37.32 billion

Index Holdings as of 6/28/19

Index Sector Weightings § Weight
Health Care 20.89%
Consumer Staples 16.82%
Industrials 13.82%
Consumer Discretionary 13.20%
Real Estate 9.65%
Utilities 9.10%
Financials 7.69%
Materials 5.35%
Energy 3.47%
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§ Sum of weightings may not equal 100% due to rounding.


†† If fewer than 40 (25 for EUDV) stocks meet criteria, the index may include companies with shorter dividend growth histories.

Source: Ned Davis Research analysis of companies underlying the MSCI EAFE Index from 1/1/96 through 12/31/18.  Past performance does not guarantee future results.