This fund is one of several options for investors looking to access dividend paying stocks around the world, including the U.S., developed markets outside North America, and emerging markets. As such, LVL may be appealing as a core holding for investors looking to maximize current returns from the equity portion of their portfolio, or may be a useful tactical tool for shifting exposure towards equities that exhibit lower volatility. With only about 100 stocks, the depth of exposure offered by this ETF is considerably less than some options such as ACWI or VT, though assets are balanced relatively well within the fund. The predictable sector biases that accompany any dividend strategy are present--LVL tilts towards utilities, telecom, and financials--but assets are balanced across a number of different regions and sizes, with minimal concentration in any one name. LVL is more expensive than some of the broad-based global equity ETFs, but can be appealing to those with a very specific objective. Alternatives include FGD and DEW.