DTH - DTH: Fund For International Value Factor Exposure Though With FX Risks

• DTH is an international (ignoring the U.S., Canada, and EMs) dividend ETF with value and quality filters yielding ~6.3%.
• This strategy is seemingly ideal for an environment where growth premia are being squeezed amid U.S. interest rates rising. But the crucial point not to miss is the FX risk.
• As of June 24, DTH was long 412 stocks, with Japanese (18.8%), UK (16.8%), and Australian (15.3%) equities occupying three leading positions.
• I appreciate its dividend growth trend, though I also see the FX risks worthy of concern, principally stemming from exposure to the Japanese yen and the pound sterling. DTH is a Hold.

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