The S-Network Sector Dividend Dogs Indexes are designed to serve as fair, impartial and transparent measures of the performance of large cap equities with above average dividend yields. There are currently two indexes in the S-Network Sector Dividend Dog Index family:
S-Network Sector Dividend Dogs Index (SDOGX)
S-Network International Sector Dividend Dogs Index (IDOGX)
The S-Network Sector Dividend Dogs Indexes embody certain key characteristics that distinguish them from other indexes that attempt to provide exposure to stocks with high dividend yields, including the following:
Well-Established Universe of Index Candidates. The S&P 500 serves as the universe for SDOGX, which comprises a total of 50 stocks. Any stock included in SDOGX must meet all of the screens needed to qualify for the leading large cap US equity benchmark index. The S-Network Developed Markets (ex-Americas) Index serves as the universe for IDOGX, which comprises a total of 50 stocks.
Diversified by Sector. The S-Network Sector Dividend Dogs Indexes select the five stocks with the highest dividend yields in each of the ten sectors that make up their corresponding universes, assuring diversification across all sectors.
Pure Yield – No Qualitative Screens. Unlike other high dividend yield indexes, the S-Network Sector Dividend Dogs Indexes do not include any qualitative screens, such as dividend growth, dividend consistency and coverage ratio. The indexes are based entirely on dividend yield, making them the only pure play dividend indexes available.
Entirely Rules-Based. The S-Network Sector Dividend Dogs Indexes depend on a clearly defined rules-based methodology, which are overseen by an impartial Index Committee. No discretion is exercised in compiling the indexes and a pre-defined screening protocol assures a consistent, transparent and arms-length compilation process.