DIVD vs ICAP

DIVDBAltrius Global Dividend ETF

ICAPDInfrastructure Capital Equity Income Fund ETF

In short

DIVD An actively managed global dividend fund priced like an index product: 0.49% to hunt value-priced dividend payers across developed and emerging markets, with income paid out monthly.

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

DIVD The Fund seeks long-term capital growth and income. It is actively managed and identifies dividend-paying companies using attractive valuations and other financial characteristics.

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

Why people hold it

• DIVD Charges 0.49%, less than half the typical fee in its global dividend income peer group and unusually low for a hand-picked portfolio.
• Genuinely global mandate: developed international and emerging market dividend payers, not a US large-cap list wearing a world label.
• Pays monthly, so distributions arrive twelve times a year instead of in quarterly lumps.
• Stock picking is bottom-up value: valuation and financial characteristics drive the list, and the portfolio rates among the strongest in its small cohort.

• 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

• DIVD A small, thinly traded fund. Spreads can run wider and large orders are harder to fill than in a mega-cap index ETF.
• Launched in 2022, so the public record is short, and results ride on the manager's calls rather than a published index.
• The value screen means the holdings can look nothing like a broad global benchmark, and can drift from it for long stretches.

• 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 DIVD profile⁠

Full ICAP profile⁠