"In VHY's case, it's exceedingly simplistic and highly exposed...

"In VHY's case, it's exceedingly simplistic and highly exposed to the risk of loading up on stocks that are due for a correction (i.e. financials and miners in this case)"

Agree, I looked at it and that's why I gave it a miss, also I don't like mining companies and I seem to remember they were quite heavily in to them at the time. If a person thinks their top holdings are good buying at the present time and will continue to keep paying good divs then worth a buy perhaps, along with a couple of other ETF's. In the end decided not to go down the ETF route.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	WESFARMERS LIMITED	3961871	$ 169,449,222.67			10.9549%
1	RIO TINTO LTD	3245258	$ 167,293,049.90			10.8155%
2	BHP BILLITON LTD	7782324	$ 160,938,460.32			10.4047%
3	TELSTRA CORP LTD	28602538	$ 153,309,603.68			9.9115%
4	WESTPAC BANKING CORP	4604927	$ 142,982,983.35			9.2438%
5	COMMONWEALTH BANK OF AUSTRAL	1657723	$ 122,489,152.47			7.9189%
6	NATIONAL AUSTRALIA BANK LTD	4344009	$ 118,113,604.71			7.6360%
7	AUST AND NZ BANKING GROUP	4828194	$ 117,180,268.38			7.5757%