EFAS hunts in the developed international space for a small number of high-yield stocks, which receive equal weights in the portfolio. Holdings must pass screens for dividend consistency (0% growth or greater, year over year) and sustainability (12-month price return thats not in the bottom 5% of the parent universe). In addition, all holdings must have a trailing yield of at least 5%. EFAS index places loose restrictions on sector and country exposure, but otherwise doesnt aim for a market-like portfolio. The index is rebalanced annually.