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CDIG

GradeDNASDAQ Global Select

City Different Investments Global Equity ETF

Active Equity · City Different · Inception 2025-09-16 · SEC filings

$25.50−0.33 (−1.27%)

As of Sep 23, 2026, 3:07 PM EDT

History starts Sep 17, 2025.
Intraday session: down, 37 prints from 25.83 to 25.50. Range 25.48 to 25.90. Use the arrow keys to read each point.$25.60$25.70$25.80$25.9010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$53M
1Y return
+1.5%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$25.92
52W range
low $22.78high $27.21

The ETF.net CDIG Grade

D

35/ 100

Rank 34 of 44 in Global Active Equity⁠

Confidence Medium

Six-pillar profile for CDIG. Scores out of 100: Cost 41, Risk 16, Mission not scored, Tradability 49, Holdings 31, Durability 41. Strongest: Tradability (49). Weakest: Risk (16). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 35 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 41
    Category rank26/44 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 16
    Category rank38/42 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 49
    Category rank25/44 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 31
    Category rank40/43 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank33/44 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on CDIG

ETF.net Research

DA go-anywhere global stock picker from a boutique shop, launched in 2025 into a cohort ruled by cheap systematic giants. Active, unconstrained, 0.75%, and still writing its first chapter.

Stated mandate

The Fund seeks capital appreciation.

Why people hold it

  1. 01No index to hug. The mandate is capital appreciation from stocks anywhere in the world, so the manager can move across regions without a benchmark leash.
  2. 02One ticker for the whole equity map: US and non-US in a single holding instead of bolting together separate regional funds.
  3. 03Plain plumbing. A registered 1940 Act ETF with no structural flags on file, meaning a 1099 at tax time rather than a K-1.

Worth knowing

  1. 01The fee is 0.75%, above the median for active global equity and several times what systematic peers charge, such as GSWO at 0.15% and DFAW at 0.24%.
  2. 02It launched in September 2025, so the track record is thin. There is a prospectus to read, not years of results to weigh.
  3. 03Small and lightly traded, which usually means wider bid/ask spreads. Limit orders and steering clear of the opening and closing minutes are standard practice here.

CDIG Holdings

As of Sep 20, 2026, 10:15 AM
Asset class
Stocks
Holdings
—
Top-10 weight
68%
Largest holding
TLN10.5%

Geography

  • United States65.90%
  • Uruguay10.49%
  • United Kingdom9.18%
  • Ireland6.17%
  • Greece5.18%
  • Mexico2.22%
  • Canada0.86%

Developed 48% · Emerging 52% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TLNTalen Energy Corp10.52%18,771$5M166
002MELIMercadoLibre Inc9.70%2,829$5M225
003TDWTidewater Inc8.41%50,671$4M139
004CVNACarvana Co7.59%60,794$4M273
005—First American Government Obligations Fund 12/01/20317.45%3,886,872$4M625
006SDRLSeadrill Ltd6.84%75,228$4M44
007IMPPImperial Petroleum Inc4.79%441,882$3M1
008AMZNAmazon.com Inc4.71%9,686$2M720
009LYGLloyds Banking Group PLC4.39%394,956$2M12
010RYCEYRolls-Royce Holdings PLC4.10%110,070$2M17
011ICLRICON PLC3.62%11,547$2M71
012UBERUber Technologies Inc3.45%25,555$2M424
013TPXSomnigroup International Inc3.41%28,019$2M103
014EXPEExpedia Group Inc2.70%5,046$1M377
015METAMeta Platforms Inc2.64%2,076$1M683

Showing 1–15 of 27 holdings

CDIG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CDIG$10,148
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CDIG $10,148. SPY $11,723. Use the arrow keys to read each point.$8,934$10,453$11,971Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CDIG. Periods over one year show the average yearly return.
PeriodCDIG
Year to date+3.6%
1 month−3.7%
3 months+0.4%
1 year+1.5%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CDIG
YearReturn barCDIG
2026 YTD+3.6%
2025−0.4%

History from Sep 17, 2025

CDIG in the news

ETF.net Research hasn’t filed on CDIG yet — coverage lands here as it’s written.

CDIG Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

CDIG Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.4%
12 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.73
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CDIG Cost

Expense ratio0.75%
  • The middle half of Global Active Equity funds
  • Median 0.69%

25 of the 44 Global Active Equity funds charge less.

CDIG costs $75.00 a year on $10,000. The median Global Active Equity fund costs $69.00.