CVGD vs ICAP

CVGDBCresAlta Global Dividend ETF

ICAPDInfrastructure Capital Equity Income Fund ETF

In short

CVGD A 35-to-50 stock global dividend book lifted out of AMG National Trust's two-decade separate-account strategy, with a business-cycle read driving rotation across dividend types. Conviction picking, not an index screen.

ICAP A hands-on income fund in a cohort of cheap dividend screens. InfraCap runs ICAP actively, chasing maximum income with total return on the side, and pays out monthly. You pay up for that: the fee sits at the top of its peer group.

Stated mandate

CVGD The Fund seeks long-term capital appreciation and income generation.

ICAP The Fund seeks to maximize income while also pursuing total-return opportunities.

Why people hold it

• CVGD Concentrated on purpose: roughly 35 to 50 names, with the top 10 near 35-40% of assets. You own the manager's actual picks, not a 500-stock dividend screen.businesswire.com
• Costs 0.50% a year, the median for active global dividend funds and in the same neighborhood as Capital Group's CGDG and JPMorgan's JDIV at 0.47%.
• Not a napkin idea: the process ran inside AMG National Trust's AMG Capital Management division for two decades before the 2026 ETF launch.businesswire.com
• Seeded through a Section 351 in-kind conversion, moving existing separate-account portfolios in tax-deferred, so it opened with real assets rather than a token seed.businesswire.com

• ICAP Does what the prospectus advertises: income first, total return second, with distributions declared monthly out of net investment income.
• Genuinely active, not an index in disguise. The holdings reflect a manager's calls, which is the entire reason to own it next to rules-based dividend screens.
• Monthly cash rhythm rather than quarterly, and a live record going back to its 2021 launch rather than a fresh backtest.
• Sticks tightly to its stated mandate, one of the closer mandate-to-portfolio matches among its dividend-income peers.

Worth knowing

• CVGD Short history. It started trading in 2026, so there is no full-cycle record to judge the process against.
• Thinly traded, so spreads can run wider than at the category's giants. The quote is worth a look on larger orders.
• Income arrives annually or semiannually, not monthly, and in a 35-to-50 stock book a handful of names can drive the result.businesswire.com

• ICAP The fee is the headline trade-off: 2.47% a year, roughly two and a half times the median for its dividend-income cohort and far above options like DIVD at 0.49%.
• Thinly traded next to the category's giants, so spreads can be wider and bigger orders can nudge the price.
• Income-first and actively managed means a choppier ride than the plain dividend trackers it sits beside, and it lands in the lower half of its cohort overall.

Full CVGD profile⁠

Full ICAP profile⁠