BGIG vs DIVL

BGIGABahl & Gaynor Income Growth ETF

DIVLCMadison Dividend Value ETF

In short

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.

DIVL Most dividend funds screen for headline yield. Madison buys quality payers when their own yield sits unusually high versus its history, which usually means the crowd is nervous. Roughly 40 stocks, actively picked, paid monthly.

Stated mandate

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

DIVL The Fund seeks current income while also providing an opportunity for capital appreciation.

Why people hold 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.

• DIVL The screen is spelled out: yield at least 110% of the S&P 500's, market cap above $1 billion, a strong balance sheet, and a dividend the manager expects to keep rising.sec.gov
• Relative yield discipline favors stocks whose dividend yields sit in the top quarter of their own historic range. A valuation trigger, not a raw-yield chase.madisonfunds.commadisonfunds.com 2
• Concentrated by design, around 40 names with at least 80% of assets in dividend payers, and income goes out monthly rather than quarterly.sec.gov

Worth knowing

• 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.

• DIVL At 0.65% it runs above the dividend-income median and well above active peers like CGDV (0.33%) and TDVG (0.50%). Stock picking is what you're paying up for.
• Thinly traded next to the category's heavyweights, so the spread is part of your cost of entry, not just the expense ratio.
• Launched in 2023, so the ETF itself is young, though relative yield is Madison's long-running house approach to dividend investing.madisoninvestments.com

Full BGIG profile⁠

Full DIVL profile⁠