This ETF tracks dividend-paying mid-cap stocks in developed markets outside the US and Canada. It follows the WisdomTree International MidCap Dividend Index and uses a fundamental weighting method that sets weights in proportion to the amount of dividends paid.

It suits long-term investors who want to broaden diversification across international mid-cap dividend stocks and gain value-oriented exposure.

It is a passively managed (index-tracking) ETF run by WisdomTree.

The fund holds mid-cap dividend stocks in developed markets outside the US and Canada, but sets weights in proportion to dividends paid rather than market capitalization, applying a fundamental weighting method. Because weights are adjusted based on dividends, the fund tends to carry a value tilt.

• Fundamental weighting based on dividends paid
• Focus on developed-market mid-cap stocks outside the US and Canada

Assets under management (AUM) stand at $159.1M, and the expense ratio is 0.58% per year.

Unlike ETFs centered on broad international large caps, it focuses on mid-cap stocks and dividend weighting, so its exposure profile differs.

Performance depends on developed-market trends, exchange rates, and supply and demand for dividend stocks. Given the nature of mid-caps, it tends to show somewhat higher volatility than large caps. Short-term trends are influenced by global risk appetite.

Fund flows occur in response to demand for international diversification and dividends, and in periods of dollar strength, the performance of overseas assets converted into won or dollars tends to move together with currency effects. In risk-off periods, fund flows can also slow.

Its strengths are international mid-cap dividend diversification and a value tilt, while its cost burden, currency exposure, and mid-cap volatility are cited as weaknesses.

Along with VYMI shown in the table, ETFs such as DFAI, DFIC, and DFAX are alternatives that invest broadly in non-US core equities, with differences in expense ratio and management approach. In addition, from the same WisdomTree family of international dividend ETFs, you can also consider DLS, which focuses on small-cap dividends, the broader DWM, and VIGI, which focuses on dividend growth.

These are the points to review before investing in DIM. Given that it is a developed-market mid-cap dividend asset excluding the US and Canada, it is worth checking the expense ratio, exchange rates, mid-cap volatility, and the scope of regional diversification in advance.

Exchange rate movements and the volatility typical of mid-caps are the main drivers of short-term performance. In international risk-off periods, asset prices and currencies can weaken together, which can deepen losses.

It is worth considering as an international mid-cap dividend asset that complements a US-centered portfolio. If you want broader exposure, we recommend also comparing DWM, and if you want small-cap dividends, DLS.