Overview
US large caps weighted by the dollars of dividends they pay — not yield, not market cap — WisdomTree's founding idea running since 2006.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| MSFT | Microsoft Corp. | 4.6% |
| AAPL | Apple Inc. | 4.2% |
| NVDA | NVIDIA Corp. | 3.9% |
| XOM | Exxon Mobil | 3.4% |
| JPM | JPMorgan Chase | 3.1% |
| JNJ | Johnson & Johnson | 2.6% |
| PG | Procter & Gamble | 2.4% |
| AVGO | Broadcom Inc. | 2.3% |
| HD | Home Depot | 2.2% |
| CVX | Chevron Corp. | 2.0% |
Fund Details
Investment Thesis
Dividend-stream weighting is the elegant middle path: weighting by dollars paid rather than yield percentage keeps DLN anchored in the market's biggest, healthiest payers — including dividend-initiating tech — instead of chasing distressed yields. Two decades of smoother-than-market returns and a +17% year that kept pace with cap-weighting make the quiet case.
Who It's For
Core-equity income investors who want dividend discipline without a yield trap, paid monthly. The broad-and-balanced counterpoint to concentrated screens like SCHD.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $63.77 | -- |
| 2017 | $74.61 | +17.0% |
| 2018 | $69.38 | -7.0% |
| 2019 | $87.43 | +26.0% |
| 2020 | $90.05 | +3.0% |
| 2021 | $111.66 | +24.0% |
| 2022 | $104.96 | -6.0% |
| 2023 | $115.46 | +10.0% |
| 2024 | $133.93 | +16.0% |
| 2025 | $150.00 | +12.0% |
| Year | Yield |
|---|---|
| 2016 | 2.60% |
| 2017 | 2.40% |
| 2018 | 2.80% |
| 2019 | 2.50% |
| 2020 | 2.60% |
| 2021 | 2.10% |
| 2022 | 2.40% |
| 2023 | 2.30% |
| 2024 | 1.90% |
| 2025 | 1.80% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1.8B | -- |
| 2017 | $2B | +11.1% |
| 2018 | $2.2B | +10.0% |
| 2019 | $2.6B | +18.2% |
| 2020 | $2.5B | -3.8% |
| 2021 | $3B | +20.0% |
| 2022 | $3.5B | +16.7% |
| 2023 | $3.8B | +8.6% |
| 2024 | $4.5B | +18.4% |
| 2025 | $5.5B | +22.2% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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