CGDV vs RFDA

CGDVACapital Group Dividend Value ETF

RFDACALPS Dynamic US Dividend Advantage ETF

In short

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.

RFDA A 2016-vintage active dividend fund that doesn't screen on yield alone: RFDA ranks US payers on growth, momentum, quality and value at once, then sends income out monthly instead of quarterly.

Stated mandate

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

RFDA RFDA seeks capital appreciation and dividend income through a disciplined US dividend-growth strategy using quality screens and active factor-driven selection.

Why people hold 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.

• RFDA Four factors drive the picks (growth, momentum, quality, value), so the portfolio isn't just the highest yielders sorted top down.
• Income is paid monthly, a rhythm most equity funds don't offer.
• Charges 0.52% a year, a touch under the median for active US dividend-income funds.
• Live since 2016, giving it a real multi-market track record, and it lands in the upper half of its dividend-income peer group on our review.

Worth knowing

• 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.

• RFDA Small and thinly traded. Limit orders and a glance at the spread matter more here than with a giant index fund.
• Cheaper active dividend options exist: CGDV runs 0.33% and HIDV 0.35%.
• Active selection means results can diverge from the S&P 500 it measures itself against, in either direction.

Full CGDV profile⁠

Full RFDA profile⁠