Launching in early 2012 this ETF seeks to provide exposure to a more stable basket of holdings that are domiciled in developed countries. To be included in the underlying index, each stock must have a market cap of at least $100 million and an annual dollar value traded of $50 million or more. From there, the fund takes those criteria and applies it to the 200 least volatile stocks around the world. Note that the fund contains no U.S. exposure as it is dedicated to developed countries outside of our own borders.
From a holdings perspective, the majority of underlying securities take home a large cap tag, helping to keep the fund more stable. IDLV focuses its holdings primarily on four countries: Canada, Japan, the U.K., and Singapore. It also does a good job of not affording too much to weight to any one stock, as the top and bottom holdings are separated by just 50 basis points, a gap that is relatively unheard of as far as cap weighted funds are concerned.
Overall IDLV is a fund with a solid exposure and low prices to boot. Though it may not be considered a main holding in many portfolios it could certainly fit as a larger holding to help smooth volatility and stabilize returns.