At a glance
BDIV charges 0.49% a year, above the 0.32% average of the 8 funds most like it (the 6th cheapest of 9). It has $6.7M in assets, the 9th largest of that group; it paid 1.55% of its price in distributions over the past 12 months, monthly. Over the past year it returned +11.1% with distributions reinvested (S&P 500: +11.5%), 7th of those 9 funds. Its ten largest positions make up 42.2% of the fund, out of 36 in all.
The short version
AAM Brentview Dividend Growth ETF (BDIV) is an actively managed fund of dividend-paying stocks; as of July 31, 2026, it held 36, led by Microsoft, Apple and Lam Research. Manager Brentview aims for faster dividend growth than the market, with smaller swings and a yield at least equal to the S&P 500's. The catch: it held only about $6.7 million in assets, and its 0.49% annual fee tops the 0.32% average for similar funds.
Price history
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BDIV +11.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BDIV official prospectus, to Dec 31, 2025 | — | +18.47% | — | — | — | +15.91% |
| BDIV price data to Oct 27, 2026 | +11.9% | +11.1% | — | — | — | +15.0% |
- Over the year to Oct 27, 2026, BDIV returned +11.1%, 7th of 9 among similar funds.
- Its worst full calendar year was 2025 (+18.6%); its best was 2025 (+18.6%).
- The deepest fall in its price history was 15% (Feb 19, 2025 to Apr 8, 2025), recovered by Jun 26, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +11.9% | — |
| 2025 | +18.6% | +18.47% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.3100 | |
| 2025 | $0.2600 |
What's inside
As of Jul 31, 2026, the fund held 36 securities; the ten largest made up 42.23% of assets. It also reported 6.64% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| Microsoft Corp | 6.77% | |
| Apple Inc | 5.87% | |
| Lam Research Corp | 4.46% | |
| Alphabet Inc | 4.24% | |
| JPMorgan Chase & Co | 3.98% | |
| Trane Technologies PLC | 3.54% | |
| Chevron Corp | 3.50% | |
| Philip Morris International In | 3.47% | |
| Johnson & Johnson | 3.24% | |
| Broadcom Inc | 3.15% | |
| Eli Lilly & Co | 2.93% | |
| Morgan Stanley | 2.92% | |
| Union Pacific Corp | 2.62% | |
| Mueller Industries Inc | 2.59% | |
| Targa Resources Corp | 2.57% |
By country
United States 88.65%Ireland 5%United Kingdom 2.16%Taiwan 1.76%By asset type
Stocks 97.57%By sector
Sectors of the companies held, for the 79.2% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $250K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.32%, +0.88%, +1.33%.
How it works
BDIV is an actively managed exchange-traded fund (ETF), so no index decides what it owns. The issuer is Sun Life Financial, Inc., and sub-adviser Brentview Investment Management, LLC picks the stocks. At least 80% of net assets goes into dividend-paying stocks under normal conditions. The aim: faster dividend growth than the market, less sensitivity to market swings (a lower beta) and a combined yield at least equal to the S&P 500's.
Brentview starts with a screen: US-listed companies worth at least $3 billion, minus any that pay no dividend, with a focus on new dividend payers and companies raising their payouts. It then studies each candidate's operating consistency, finances, valuation and history. The fund expects to hold 30 to 40 companies and owned 36 as of July 31, 2026. The strategy sets no weighting formula or rebalancing schedule; position sizes are the manager's call.
Brentview may drop a holding to get ahead of a dividend cut, for example if the company shows a weaker commitment to its dividend, an unsustainable payout ratio (the share of profits paid out), a weakening balance sheet or a change in strategy. Trading is light: portfolio turnover, the share of holdings replaced over a year, was 12%. It uses no leverage or options; its July 31, 2026 holdings showed no derivatives.
What it really costs
- BDIV charges 0.49% a year, versus an average of 0.32% for the similar funds below (6th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $50 in the first year and $616 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BDIV | $50 | $157 | $274 | $616 |
In a retirement portfolio
With 36 stocks, just over two years of history and about $6.7 million in assets as of July 31, 2026, this actively managed fund fits better as a smaller add-on than as a portfolio's foundation.
BDIV launched July 30, 2024, so it missed the 2008 financial crisis, the 2020 COVID crash and the 2022 bear market. Its only full calendar year, 2025, returned 18.47%. Its deepest drop, 15%, ran from Feb. 19 to April 8, 2025, and it recovered by June 26, about 2.6 months after the low. A one-year beta (market sensitivity) of 0.56 as of Oct. 27, 2026 hints at milder swings, but retirees drawing income or selling shares in a bad year have no bear-market record to go on.
Income is modest: a trailing 12-month yield of 1.55% ($0.39 per share) as of Oct. 27, 2026, paid monthly. The 0.49% fee costs $50 in the first year and $616 over 10 years in the SEC's standard example ($10,000 invested, 5% yearly return). Past results don't predict future ones, and a plan needs to weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who prefer a manager-picked portfolio of 36 dividend payers, led by Microsoft, Apple and Lam Research as of July 31, 2026.
- Those who value monthly payouts and a process that screens for payout-ratio and balance-sheet warning signs to try to sidestep dividend cuts.
- Investors wanting a calmer stock fund: one-year beta (market sensitivity) was 0.56 as of Oct. 27, 2026, though no bear market has tested it.
Look elsewhere if
- Cost-focused investors: the 0.49% annual fee compares with 0.05% for Vanguard Dividend Appreciation ETF (VIG), which shares about 35% of BDIV's holdings.
- Investors needing high current income: the yield was 1.55% over the 12 months to Oct. 27, 2026, as the fund favors dividend growth.
- Anyone wary of tiny, new funds: launched July 30, 2024, it had about $6.7 million in assets as of July 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| BDIV this fund | — | 0.49% | $6.7M | +11.1% | — |
| VIG Vanguard Dividend Appreciation ETF | 35% | 0.05% | $130.90B | +15.6% | +19.8% |
| PFM Invesco Dividend Achievers™ ETF | 34% | 0.52% | $789.8M | +13.4% | +19.7% |
| QLTY GMO US Quality ETF Shs | 33% | 0.5% | $5.18B | +15.9% | — |
| DYNF iShares U.S. Equity Factor Rotation Active … | 33% | 0.27% | $38.61B | +10.7% | +24.9% |
| TDVG T. Rowe Price Dividend Growth ETF | 33% | 0.5% | $1.38B | +13.6% | +18.7% |
| MGC Vanguard Mega Cap ETF | 32% | 0.07% | $10.90B | +13.5% | +26.0% |
| NSCR Nuveen Sustainable Core ETF | 32% | 0.46% | $6.9M | -6.3% | — |
Questions investors ask
Does BDIV pay monthly dividends?
Yes. BDIV pays dividends monthly. Over the 12 months to Oct. 27, 2026, it paid $0.39 per share, a yield of 1.55%. That is a modest payout. The fund focuses on companies that are growing their dividends rather than on the highest current yields, though it aims for a combined yield at least equal to the S&P 500's. Monthly amounts can vary because they depend on what the companies in the portfolio pay.
What is BDIV's expense ratio?
BDIV's expense ratio, or annual fee, is 0.49%. All of it is a management fee, with no fee waiver, according to the prospectus filed Feb. 27, 2026. In the SEC's standard example, $10,000 earning 5% a year would cost about $50 in the first year, $274 over five years and $616 over 10 years. That is above the 0.32% average for funds with similar holdings and well above the 0.05% charged by Vanguard Dividend Appreciation ETF (VIG).
What's the difference between BDIV and VIG?
The biggest gaps are cost and size. Vanguard Dividend Appreciation ETF (VIG) charges 0.05% a year and had about $131 billion in assets as of July 31, 2026. BDIV charges 0.49% and had about $6.7 million. BDIV is actively managed, with Brentview choosing 30 to 40 stocks for dividend growth. The two funds share about 35% of their holdings. VIG's one-year return was 15.6% as of Oct. 30, 2026, compared with 11.1% for BDIV as of Oct. 27, 2026.
Is BDIV good for retirement?
It may suit some retirement portfolios as a smaller holding, but its record is short. BDIV launched July 30, 2024, so it has never been through a downturn like the 2008 financial crisis or the 2022 bear market. Its deepest drop was 15%, from Feb. 19 to April 8, 2025, and it recovered by June 26, 2025. It pays monthly, but its 12-month yield of 1.55% as of Oct. 27, 2026 is modest, and its 0.49% fee tops the 0.32% average for similar funds.
What are BDIV's top holdings?
As of July 31, 2026, BDIV's largest holdings were Microsoft (6.8%), Apple (5.9%), Lam Research (4.5%), Alphabet (4.2%) and JPMorgan Chase (4.0%). Trane Technologies, Chevron, Philip Morris International, Johnson & Johnson and Broadcom completed the top 10, which made up about 42% of assets. The fund had 36 holdings in all. Technology was its largest sector, and the prospectus noted significant information technology exposure as of Dec. 31, 2025.