DHS ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

With an expense ratio of 0.38%, DHS offers exposure to a concentrated portfolio of dividend-focused stocks, distinguishing itself through its emphasis on dividend income and a lower beta of 0.57 compared to broader market indices, potentially offering downside protection in volatile markets. Past performance does not guarantee future results.

WisdomTree U.S. High Dividend Fund (DHS) ETF — Price, Holdings & Analysis

The WisdomTree U.S. High Dividend Fund (DHS) is a US Equity ETF with $1.41 billion in assets under management. DHS focuses on high-dividend-yielding U.S. companies and uses a fundamentally weighted index. With an expense ratio of 0.38%, DHS offers exposure to a concentrated portfolio of dividend-focused stocks, distinguishing itself through its emphasis on dividend income and a lower beta of 0.57 compared to broader market indices, potentially offering downside protection in volatile markets. Past performance does not guarantee future results.

ETF Overview

Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of companies with the highest dividend yields selected from the WisdomTree U.S. Dividend Index. The fund is non-diversified.

The WisdomTree U.S. High Dividend Fund (DHS) seeks to track the performance of the WisdomTree U.S. High Dividend Index, which comprises companies with the highest dividend yields from the WisdomTree U.S. Dividend Index. DHS invests at least 95% of its assets in the component securities of the index. The fund's strategy centers on fundamentally weighting its holdings, emphasizing companies with strong dividend payouts. DHS is non-diversified, leading to a more concentrated portfolio. The top holdings include Exxon Mobil Corp (5.72%), Altria Group Inc (5.01%), and AbbVie Inc (4.52%). Sector allocation is heavily weighted towards Financial Services (18.9%), Consumer Defensive (18.1%), and Healthcare (15.3%). This ETF may appeal to investors seeking income generation through dividends, with a focus on U.S. equities. Past performance does not guarantee future results.

Risk Metrics

DHS presents several risks to consider. As a non-diversified fund, it concentrates its investments in a smaller number of holdings (378), increasing the impact of individual stock performance on the overall portfolio. The fund's sector allocation is heavily weighted in Financial Services, Consumer Defensive, and Healthcare, making it susceptible to sector-specific downturns. With a beta of 0.57, DHS is less volatile than the broader market, but this also means it may underperform during strong market rallies. The 0.38% expense ratio detracts from returns, particularly in a low-return environment. Investors should be aware of these concentration and sector risks when evaluating DHS. Past performance does not guarantee future results.

Expense Ratio

0.38%

What does DHS hold?

Holding	Weight
Exxon Mobil Corp (XOM)	5.72%
Altria Group Inc (MO)	5.01%
AbbVie Inc (ABBV)	4.52%
Philip Morris International Inc (PM)	4.46%
Merck & Co Inc (MRK)	4.10%
Chevron Corp (CVX)	3.72%
PepsiCo Inc (PEP)	3.57%
AT&T Inc (T)	3.50%
Verizon Communications Inc (VZ)	2.90%
Bristol-Myers Squibb Co (BMY)	2.51%

How Is the Fund Allocated?

Sector	Weight
Financial Services	18.9%
Consumer Defensive	18.1%
Healthcare	15.3%
Energy	12.4%
Communication Services	9.8%
Utilities	9.0%
Consumer Cyclical	5.3%
Industrials	4.3%
Real Estate	2.9%
Technology	2.9%
Basic Materials	1.2%

Country	Weight
United States	99.8%
Puerto Rico	0.1%

Dividend Yield

3.06%

WisdomTree U.S. AI Enhanced Value Fund (AIVL) — 0.38% expense ratio
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) — 0.50% expense ratio
WisdomTree U.S. Total Dividend Fund (DTD) — 0.28% expense ratio
Dimensional - US Small Cap Value ETF (DFSV) — 0.30% expense ratio
Dimensional - US Large Cap Value ETF (DFLV) — 0.21% expense ratio
Columbia U.S. Equity Income ETF (EQIN) — 0.35% expense ratio
VictoryShares Dividend Accelerator ETF (VSDA) — 0.40% expense ratio
JPMorgan Fundamental Data Science Large Core ETF (LCDS) — 0.30% expense ratio

WisdomTree U.S. AI Enhanced Value Fund (AIVL) (US Equity) — 0.38% expense ratio
WisdomTree International MidCap Dividend Fund (DIM) (International Equity) — 0.58% expense ratio
WisdomTree U.S. Total Dividend Fund (DTD) (US Equity) — 0.28% expense ratio
WisdomTree International High Dividend Fund (DTH) (International Equity) — 0.58% expense ratio
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) (International Equity) — 0.58% expense ratio
WisdomTree Europe Quality Dividend Growth Fund (EUDG) (International Equity) — 0.58% expense ratio

Risk Metrics

Beta: 0.57

Questions & Answers

What is DHS and what does it track?

The WisdomTree U.S. High Dividend Fund (DHS) is an exchange-traded fund that aims to track the investment results of the WisdomTree U.S. High Dividend Index.

This index is fundamentally weighted and comprises companies with the highest dividend yields selected from the WisdomTree U.S. Dividend Index.

What is the expense ratio for DHS?

The expense ratio for the WisdomTree U.S. High Dividend Fund (DHS) is 0.38%. This means that for every $10,000 invested in the fund, $38 is charged annually to cover operating expenses.

While this is a reasonable expense, it's important to consider it in the context of overall returns.

What are the top holdings in DHS?

As of 2026-03-15, the top holdings in the WisdomTree U.S. High Dividend Fund (DHS) are concentrated in a few key companies. The largest holding is Exxon Mobil Corp (XOM), with a weight of 5.72%.

Altria Group Inc (MO) is the second-largest holding, comprising 5.01% of the fund. AbbVie Inc (ABBV) is the third-largest holding, with a weight of 4.52%.

Is DHS a good long-term investment?

Whether DHS is a suitable long-term investment depends on an investor's individual goals and risk tolerance. DHS focuses on high-dividend-yielding U.S. companies, which can provide a steady stream of income.

The fund's beta of 0.57 suggests lower volatility compared to the broader market, but it may also underperform during strong bull markets.

How does DHS compare to similar ETFs?

DHS competes with other dividend-focused ETFs in the US Equity space. Compared to some competitors, DHS has a moderate expense ratio of 0.38%. Its AUM of $1.41 billion indicates a substantial, but not dominant, market presence.

The fund's strategy of fundamentally weighting high-dividend stocks differentiates it from ETFs that use market-cap weighting.

Does DHS pay dividends?

Yes, the WisdomTree U.S. High Dividend Fund (DHS) is designed to provide investors with dividend income. As of 2026-03-15, DHS has a dividend yield of 3.06%.

This means that for every $100 invested in the fund, investors can expect to receive $3.06 in dividend payments annually, before taxes and expenses.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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