Xtrackers X GLOBAL SELECT DIV 100 SWAP (XGSD)

hallmark

I like the look of this fund which currently has a huge yield:
https://www.ajbell.co.uk/market-research/LSE:XGSD

The aim is for your investment to reflect the performance of the STOXX® Global Select Dividend 100 Index (the "Reference Index") which is designed to reflect the performance of the 100 shares of companies which pay the highest dividends relative to other companies in developed countries.

However, I've noticed that it seems to be misreported. 

I believe the HL info is correct (Look at the Top 10 exposures and the Top 10 Countries)
https://www.hl.co.uk/shares/shares-search-results/x/xtrackers-stoxx-global-select-dividend

However the AJ Bell info and the Morningstar report info both (incorrectly IMO) reports this as being  dominated by Mag 7 type stocks and 90% US-based (scroll down on the AJ Bell link to see this)

Has anybody seem this type of issue before?  I wonder if it's Morningstar who have the incorrect info and AJ Bell are merely replicating it (not sure how or where AJ Bell get their stats from).

Cold_comfort

XGSD is a synthetic ETF meaning it replicates its index with a swap transaction (of the unfunded swap variety in XGSD's case). In this transaction, a swap counterparty agrees to deliver the index return, and in exchange the ETF pays the counterparty a fee and holds a basket of securities as collateral. Read www.justetf.com/uk/academy/synthetic-replication-of-etfs for more detail.

The holdings reported for XGSD by Morningstar (and replicated by AJ Bell) are the holdings held as collateral.

The HL holdings data is prehistoric. See the notes on HL's XGSD page: "Holdings correct as at 28 February 2010."

For the holdings in the STOXX Global Select Dividend 100 Index, see stoxx.com/index/SDGP