The Dow 10 is a market index constructed as a subset of the Dow Jones Industrial Average. Of the 30 stocks in the Industrial Average, the ten with the highest dividend yield are selected as Dow 10 components. The Dow 5 contains the five stocks in The Dow 10 that have the lowest prices at the end of December. The Dow 10 and The Dow 5 generally reflect the "Dogs of the Dow" investment strategy, which was introduced in the early 1990s by money manager Michael B. O'Higgins in his book "Beating the Dow."

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