BEDY vs CGDV

BEDYBBNY Mellon Enhanced Dividend and Income ETF

CGDVACapital Group Dividend Value 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.

CGDV A stock picker's dividend fund at near-index pricing: 0.33% a year, roughly 60 names, and a mandate for above-average yield plus growth. Live since 2022 and already grown into a multi-billion-dollar 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.

CGDV The fund seeks income above the average yield of U.S. stocks while also offering capital-growth potential.

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.

• CGDV Costs 0.33% a year while the typical fund in its active dividend peer group charges around 0.55%. Active stock picking, index-fund pricing.
• Dual mandate: income above the average yield of U.S. stocks plus capital-growth potential. Not a pure yield chase.capitalgroup.com
• Tens of billions in assets and heavy daily trading make it one of the easier funds in its peer group to get in and out of at a fair spread.
• Delivers its stated mandate with unusual consistency for an active fund, placing it among the strongest implementations in its dividend-income peer group.

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.

• CGDV About 60 holdings. That concentration means individual company stumbles land harder than in a fund holding hundreds of names.
• Active and benchmark-agnostic: results track the managers' calls, not an index, so it can drift well away from the broad market in either direction.
• Pays quarterly, not monthly. Worth knowing if you're building an income schedule.

Full BEDY profile⁠

Full CGDV profile⁠