DIVI vs GENW

DIVIAFranklin International Core Dividend Tilt Index ETF

GENWCGenter Capital International Dividend ETF

In short

DIVI A tilt, not a screen: DIVI optimizes a broad developed-markets ex-North America index toward higher yield while limiting drift from that parent. Core international shape, income lean, 0.09% a year.

GENW The boutique entry in international dividend land. Genter's fund goes after current income plus long-term growth from overseas stocks, priced under the middle of its category but above the index heavyweights sharing its shelf.

Stated mandate

DIVI The Fund seeks to track, before fees and expenses, the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Its index methodology seeks higher dividend yield than the parent index while maintaining core exposure to developed markets outside North America.

GENW The Fund seeks current income and long-term capital appreciation.

Why people hold it

• DIVI Costs 0.09% a year, while the median fund in its international-dividend cohort charges closer to 0.50%.
• The index takes a broad developed ex-North America benchmark and optimizes it for higher yield while limiting expected tracking error to that parent. Income lean, core shape.sec.gov
• Tracks its index closely, among the strongest implementations in its peer group.
• A multi-billion-dollar fund holding about 80 developed-market names, paying distributions quarterly.

• GENW At 0.38% a year, it charges less than the middle of the international dividend field, so a smaller slice of the overseas income goes to the manager.
• The mandate is stated plainly: current income and long-term capital appreciation from international equities, inside a standard 1940 Act fund structure (1099, no K-1).
• Distributions run on a quarterly cadence, so income lands on a predictable calendar rather than a lumpy one.

Worth knowing

• DIVI The tilt is mild by design: the index caps how far it can drift from its parent, so it reaches for less yield than funds built on hard high-yield screens.sec.gov
• Cheaper options sit in the same cohort (VYMI at 0.07%, SCHY at 0.08%), so the fee edge is over the category median, not over the largest index shops.
• Today's strategy dates to 2022, when the fund was renamed from Franklin LibertyQ International Equity Hedged ETF, so its 2016-onward record covers a different mandate.sec.gov

• GENW It trades thinly on a small asset base, which tends to mean wider bid-ask spreads than the household-name funds in the same aisle.
• It opened at the end of 2024, so there is only a short live record behind the strategy.
• The fee still sits above the index giants: VYMI, SCHY and VIGI each charge under a tenth of a percent for international dividend exposure.

Full DIVI profile⁠

Full GENW profile⁠