BEDY vs BGIG

BEDYBBNY Mellon Enhanced Dividend and Income ETF

BGIGABahl & Gaynor Income Growth ETF

In short

BEDY Not just dividend payers. At least 80% of net assets go into income-generating securities, and the mandate stretches to equity-linked notes, REITs and ADRs. Roughly 60 names, measured against the Russell 1000 Value.

BGIG An active dividend fund that writes the cushion into its own mandate: rising income, downside protection versus the broad market, and growth. Distributions land monthly, and it charges less than the typical active dividend-income fund.

Stated mandate

BEDY The fund seeks total return through capital appreciation and income. It normally invests at least 80% of net assets in securities and instruments designed to generate dividends or other income, including dividend-paying equities, equity-linked notes, ADRs and REITs.

BGIG The Fund seeks growing dividend income, downside protection relative to the broader equity market, and long-term capital appreciation.

Why people hold it

• BEDY Charges 0.50% a year, under the median fee for actively managed dividend-income ETFs.
• Equity-linked notes, REITs and ADRs all sit inside the mandate, so the income can come from places a plain dividend screen never reaches.
• Concentrated by design: roughly 60 positions, so the managers' picks actually move the fund instead of being diluted across hundreds of names.
• Stands among the stronger builds in the active US dividend-income group, with a below-median fee and a clearly written 80% income mandate behind it.

• BGIG The stated objective names three jobs at once: growing dividend income, downside protection relative to the broader equity market, and long-term capital appreciation.
• Income arrives monthly, not on the quarterly schedule most equity funds keep.
• At 0.45% a year, it sits below the median fee for active US dividend-income funds.
• One of the strongest implementations in its peer group of active US dividend-income funds, with a portfolio that matches the mandate on the label.

Worth knowing

• BEDY Equity-linked notes carry the credit of the bank that issues them and pay off on the note's terms, not on owning the shares outright.
• The book leans toward financials, so banks, insurers and the rate cycle carry more weight here than in a broad dividend fund.
• Payouts land on an irregular schedule rather than a fixed monthly or quarterly rhythm, and the fund is on the smaller side with moderate trading.

• BGIG Cheaper active dividend options exist: CGDV runs 0.33% and HIDV 0.35%.
• Hunting rising dividends means skipping most of the non-payers inside the S&P 500 it measures itself against, so results can look very different from the index.
• Launched in 2023, so there is no live record spanning a full market cycle yet.

Full BEDY profile⁠

Full BGIG profile⁠