Vanguard's VYMI ETF offers 3.4% yield with strong international equity exposure and a 45% earnings discount to the S&P 500.

The Vanguard International High Dividend Yield ETF (VYMI) provides investors with diversified international equity exposure and a high dividend yield of 3.4%. It currently trades at a significant 45% discount on an earnings basis compared to the S&P 500, making it an attractive option for income-focused investors. VYMI has consistently outperformed relevant equity indexes in recent years, highlighting its strong momentum and value. This ETF is recommended for investors seeking steady income and international diversification in their portfolios.