Dividend mutual funds and ETFs seem to be highly touted by the financial media as an essential part of a well constructed and balanced portfolio. Whether you have a longer time horizon before retirement or are drawing from your nest egg within retirement, dividend funds should be considered as an element of an investor's portfolio or strategy. The Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) fund provides a low cost, well-diversified portfolio of dividend stocks over many sectors, that investors should consider if they aim to achieve a U.S. dividend allocation within their