Guggenheim S&P Global Dividend Opportunities Index ETF (LVL)
Guggenheim S&P Global Dividend Opportunities Index ETF (LVL) is yet another global dividend ETF, in this case with a roughly 80/20 split between foreign and U.S. equities.
Like other global high-yield dividend ETFs, LVL’s payouts and international diversification help give your total portfolio some defensive characteristics, but do note that this ETF’s assets are relatively small — and the average volume is under 50,000 a day. That increases the odds that you won’t be able to buy or sell very close to the prices you want.
Another knock on LVL is that the expense ratio is much higher than other offerings in the category. Indeed, it’s twice as pricey as DWX.
As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.