What Is CGDV? Capital Group Dividend Value ETF
Last updated October 2026
Short answer
CGDV is Capital Group Dividend Value ETF, an ETF that tracks Actively managed, no tracked index at a 0.33% expense ratio. CGDV is worth reading carefully, because the label and the portfolio do not match the usual expectations. It is an actively managed fund aimed at companies paying dividends or with the capacity to do so, run by Capital Group. As of October 2026 its largest holdings are Microsoft at 7.9%, Nvidia at 7.0% and Meta at 5.3%, which is not what most people picture when they hear dividend value. The yield of 1.23% confirms it: this is a total-return fund with a value discipline, not an income fund.
CGDV is issued by Capital Group and tracks Actively managed, no tracked index. It charges a 0.33% expense ratio, holds approximately $38.4B in assets under management, yields about 1.23%, and launched in 2022.
Why the holdings look nothing like a dividend fund
Approximate weights as of October 2026; refresh quarterly from Capital Group's fund page. Each ticker links to its individual stock guide in Walnut.
| Rank | Ticker | Company | % of CGDV | |
|---|---|---|---|---|
| 1 | MSFT | Microsoft Corp | 7.9% | |
| 2 | NVDA | NVIDIA Corp | 7.0% | |
| 3 | META | Meta Platforms Inc Class A | 5.3% | |
| 4 | AVGO | Broadcom Inc | 4.6% | |
| 5 | GOOGL | Alphabet Inc Class A | 3.7% | |
| 6 | ORCL | Oracle Corp | 3.1% | |
| 7 | GE | GE Aerospace | 2.9% | |
| 8 | RTX | RTX Corp | 2.9% | |
| 9 | CSCO | Cisco Systems Inc | 2.6% | |
| 10 | TSM | Taiwan Semiconductor Manufacturing Co Ltd ADR | 2.4% |
Traditional dividend funds screen on current yield and end up in utilities, consumer staples and telecoms. CGDV's mandate is broader: companies paying dividends or capable of paying them, selected by managers assessing value.
That mandate permits holding a company like Nvidia if the managers judge it attractively valued relative to its prospects, regardless of its small dividend. The result, as of October 2026, is a portfolio with technology at 39%, industrials at 12% and communication services at 12%, alongside more traditionally value-shaped positions such as GE Aerospace at 2.9%, RTX at 2.9% and Cisco at 2.6%. The tilt toward large technology has grown since the summer, when Royal Caribbean sat in the top five at 4.1%.
The 1.23% yield is the honest tell. A fund built for income would be yielding two or three times that. Buying CGDV expecting a meaningful income stream would be a misreading of what it is.
Active management, a short record and a real fee
CGDV launched in 2022, so it has traded through a narrow slice of market history and has not been tested by a prolonged downturn. Capital Group has managed money for decades in mutual fund form, which is relevant context, but this specific ETF's record is short.
At 0.33% it costs roughly ten times a plain index fund. That is defensible only if the active selection adds more than it costs, which is the standard question for any active fund and one the record is not yet long enough to settle.
How do I invest in CGDV?
There are three common ways to get CGDV exposure. Buy shares (or fractional shares) of CGDV directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so CGDV sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. CGDV trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is CGDV a good buy?
Whether CGDV is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks Actively managed, no tracked index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is CGDV a buy?
The bottom line on CGDV
CGDV gives you Actively managed, no tracked index exposure in one ticker at a 0.33% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.
More on CGDV
Whether CGDV is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is CGDV a buy?
CGDV yields 1.23% as of October 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see CGDV dividend: yield and schedule.
For what analysts expect from the companies CGDV holds, its yield as a guide to income, and why no one publishes a price target for the fund itself, see the CGDV forecast.
New to funds like CGDV? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how CGDV fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in CGDV with AI
Connect the broker you already use and ask Walnut's AI how CGDV fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is CGDV?
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CGDV is the Capital Group Dividend Value ETF. It is actively managed, holding companies that pay dividends or have the capacity to, selected on a value assessment. It charges 0.33%, holds about $38.4B, yields roughly 1.23%, and launched in 2022.
Why does CGDV hold Nvidia if it is a dividend value fund?
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Because the mandate covers companies that pay dividends or are capable of paying them, chosen by managers judging value, rather than a screen on current yield. That permits Microsoft at 7.9%, Nvidia at 7.0% and Broadcom at 4.6% (October 2026 weights). It is a total-return fund with a value discipline, not an income fund.
Is CGDV a good income fund?
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No, and it does not really claim to be. The 1.23% yield is well below what a dedicated dividend or high-yield equity fund pays. If income is the goal, this is the wrong instrument and the name is misleading in that specific respect.
What does CGDV hold?
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An actively selected mix led, as of October 2026, by Microsoft at 7.9%, Nvidia at 7.0%, Meta at 5.3%, Broadcom at 4.6%, Alphabet at 3.7% and Oracle at 3.1%. By sector: technology 39%, industrials 12%, communication services 12% and consumer discretionary 10%. Royal Caribbean, a 4.1% position in the summer, is no longer in the top ten, and the managers were still adding to Microsoft in mid-October.
Is 0.33% expensive?
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It is roughly ten times a plain index fund and about average for active management. Whether it is worth paying depends on whether the selection adds more than it costs, which the fund's record since 2022 is not yet long enough to answer. As of October 16, 2026 its share price was up 12.1% year to date and 18.2% over one year.
How long has CGDV existed?
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Since 2022, so it has traded through a fairly narrow slice of market conditions and has not been tested by a prolonged bear market. Capital Group's longer history managing mutual funds is relevant background but is not this fund's record.
Is CGDV a value fund in the traditional sense?
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Only partly. Traditional value funds screen mechanically on price-to-book or price-to-earnings and end up in banks, energy and industrials. CGDV's managers apply a value judgement across a wider opportunity set, which is why the portfolio contains large technology positions a mechanical screen would exclude.
Who is CGDV for?
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Someone who wants active US equity management with a value orientation and is comfortable paying 0.33% for it, judging Capital Group's process rather than a benchmark. Someone who wants dividend income specifically, or the market at minimum cost, should look elsewhere.
What is CGDV's expense ratio?
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CGDV has an expense ratio of 0.33% per year as of October 2026, charged by Capital Group and deducted from the fund's value rather than billed to you separately. On a $10,000 position that is roughly $33 a year. Fees compound over time, so on a long-term holding the expense ratio is one of the few return drivers you control. It is worth comparing against other funds that track Actively managed, no tracked index before you choose.
How do I compare CGDV to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. CGDV's figures are above; the full method is in Walnut's guide on how to compare ETFs.
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Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to October 2026; verify current figures against Capital Group's fund page or your broker before investing.