DON pays monthly dividends sourced entirely from real mid-cap holdings, delivering a 2.26% yield that works out to roughly $2,260 annually on a $100,000 stake. With financials at 24% and technology at just 5%, DON offers meaningful diversification away from mega-cap-heavy large-cap portfolios. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks.
See the full list FREE now. Most dividend portfolios start in the same place. Investors buy large-cap funds stuffed with familiar names, collect quarterly checks, and rarely look further down the market-cap ladder.
MidCap Dividend Fund (NYSEARCA:DON) takes the opposite approach. It targets dividend-paying companies outside the market's largest names, pays distributions monthly, and currently offers a 2.26% trailing-twelve-month yield. On a $100,000 investment, that works out to roughly $2,260 per year.
That yield alone is not enough to make DON a high-income ETF. Plenty of covered-call and high-dividend funds pay considerably more. DON gives income investors access to a part of the market that tends to receive far less attention than the mega-cap stocks dominating the S&P 500, while still providing a diversified dividend stream and room for capital appreciation.
DON tracks the WisdomTree U.S. MidCap Dividend Index, but WisdomTree does not define mid-caps using a simple dollar market-cap cutoff. The index starts with its broader U.S. dividend universe, removes the 300 largest companies, and then selects companies representing the next 75% of market capitalization.
Constituents are weighted based on the amount of cash dividends they are projected to pay rather than simply by market value. That methodology creates a portfolio that looks very different from a traditional large-cap dividend ETF. DON held roughly $4.12 billion in assets as of August 13, 2026, and charges a 0.38% expense ratio.
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