The Global X SuperDividend ETF (SDIV), a high income equity exchange-traded fund (ETF) offered by New York-based Global X Funds, has reached $100 million in assets in little over a year since the fund made its debut.

Bruno del Ama, chief executive officer of Global X Funds.

Commenting on the milestone, Bruno del Ama, chief executive officer of Global X Funds, said: “The Global X SuperDividend ETF, with over $100 million in assets and a 30-day average daily volume of over 100,000 shares, has been one of the fastest growing products by inflows over the last year.”

With a 12-month dividend yield of 7.92%, the Global X SuperDividend ETF is one of the highest-yielding US-listed dividend ETFs.

The fund achieves the hefty yield by tracking the performance of 100 equally weighted companies that rank among the highest dividend-yielding equity securities in the world. With equal weighting across a diverse group of 100 securities, investors may have less risk exposure in the event that a single company depreciates in price or reduces its dividend.

The global scope of the index also provides investors with both geographic and industry diversification.

Filters are applied to eliminate those companies that are most likely to cut their dividends, as defined by index provider, Structured Solutions. Furthermore, all companies are reviewed on a quarterly basis and can be removed from the index if they forecast a significant dividend reduction.

“While there are numerous dividend-producing ETFs in the market, SDIV is one-of-a-kind,” said Oren Guzman a financial analyst at US investment advisers Lifetime Financial Group. “The Global X SuperDividend ETF is a well-diversified, non-leveraged product that has the highest dividend yield, and has shown lower volatility than comparable dividend ETFs.”