The Vanguard High Dividend Yield ETF (VYM) is the third-largest dividend-focused ETF with $68.6 billion in assets under management. It has delivered an average annual return of 9% since its inception in 2006, outperforming the market. Investing in this fund could lead to multimillion-dollar returns over time.

By investing $500 a month in the Vanguard High Dividend Yield ETF, you could grow your investment to $2.1 million in around 40 years at a 9% annual rate of return. Increasing your monthly investment or the fund’s return rate could accelerate your path to becoming a multimillionaire even faster.

The fund’s strategy focuses on investing in stocks with above-average dividend yields to generate passive income for investors. Dividend-paying stocks have historically outperformed non-dividend-paying stocks, providing higher total returns. The Vanguard High Dividend Yield ETF holds 565 stocks across various industries, emphasizing higher-yielding dividend stocks.

The Vanguard High Dividend Yield ETF enables investors to access a diversified portfolio of higher-yielding dividend stocks. With top holdings in companies like Broadcom, JPMorgan Chase, and Johnson & Johnson, the fund is positioned to continue delivering strong returns over the long term. Investing in dividend stocks has been a proven strategy for wealth creation over time.

Consider the potential of the Vanguard High Dividend Yield ETF for long-term wealth creation. The fund’s consistent approach to investing in dividend-paying stocks could help investors build a multimillion-dollar position over time. Before investing, review the latest recommendations from the Motley Fool Stock Advisor analyst team for the best stocks to buy now.

Read more at Yahoo Finance: This Dividend ETF Could Quietly Make You a Multimillionaire Over Time