At a glance
GENW charges 0.38% a year. It has $5.1M in assets; it paid 1.72% of its price in distributions over the past 12 months, quarterly. Its ten largest positions make up 39.4% of the fund, out of 35 in all.
The short version
Genter Capital International Dividend ETF (GENW) is an actively managed fund holding 25 to 50 foreign companies that pay and grow dividends, mostly through American Depositary Receipts (ADRs), which are US-traded stand-ins for foreign shares. As of July 31, 2026, it leaned toward banks such as Barclays, BBVA and BNP Paribas and had just $5.1 million in assets. It charges 0.38% a year and has a short record, having launched January 6, 2025.
Price history
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GENW — 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 | |
|---|---|---|---|---|---|---|
| GENW price data to Oct 27, 2026 | -0.4% | — | — | — | — | — |
- The deepest fall in its price history was 7.8% (Aug 7, 2026 to Oct 1, 2026), not yet recovered.
| 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
No distribution history is available for this fund.
Distributions through Oct 27, 2026.What's inside
As of Jul 31, 2026, the fund held 35 securities; the ten largest made up 39.39% of assets.
| Holding | Weight | |
|---|---|---|
| Barclays PLC | 4.98% | |
| Banco Bilbao Vizcaya | 4.44% | |
| ABB Limited | 4.39% | |
| BNP Paribas SA | 4.39% | |
| Mitsubishi UFJ Finan | 4.33% | |
| Sumitomo Mitsui Fina | 4.13% | |
| Vodafone Group PLC | 3.29% | |
| Enbridge Inc | 3.23% | |
| Allianz SE | 3.18% | |
| Enel SpA | 3.03% | |
| Orange SA | 2.97% | |
| Imperial Brands PLC | 2.92% | |
| Telefonaktiebolaget | 2.84% | |
| MERCEDES-BENZ GROUP | 2.84% | |
| Novartis AG | 2.82% |
By country
United Kingdom 26.38%Japan 17.22%France 13.24%Canada 8.24%Germany 6.02%By asset type
Stocks 96.21%Other 2.72%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.98%, -0.08%, +4.58%.
How it works
GENW, from Mcivy Co. LLC, does not track an index. Its sub-advisor, Genter Capital Management, picks the stocks. At least 80% of assets go into foreign dividend payers, held mainly as American Depositary Receipts (ADRs), which are US-traded receipts for foreign shares. Up to 20% can go into US dividend payers that earn over 30% of their revenue abroad. The fund owns 25 to 50 stocks. The manager sets sector weights based on its view of valuations, the economy and tariffs.
Picking stocks takes three steps. The starting pool is companies that paid a dividend in each of the past four quarters. From these, the manager keeps companies worth over $2 billion that made no dividend cut in that time, raised the dividend at least once in the latest two quarters, and hold investment-grade credit ratings, meaning rating agencies judge their debt fairly safe. Next, the manager studies valuation and financial statements. Last, it weighs yield, upside and expected volatility.
A stock is dropped if its dividend per share falls more than 10% over eight quarters, its debt rating slips below investment grade, its income stops growing, it hits its price target, or the fund needs cash for redemptions. As of July 31, 2026, GENW had 35 holdings, the top 10 made up about 39% of assets, and it used no derivatives. Portfolio turnover, a gauge of how much trading the fund does, was 2.39%.
What it really costs
- GENW charges 0.38% a year.
- Of that, 0.2% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $39 in the first year and $480 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GENW | $39 | $122 | $213 | $480 |
In a retirement portfolio
It holds dividend-paying companies based mainly in the UK, Japan, France and Canada, which can broaden a portfolio built mostly on US stocks.
GENW offers foreign dividend payers, led by banks such as Barclays and Mitsubishi UFJ. It launched January 6, 2025, so it has no record in the 2008, 2020 or 2022 downturns. Between June 9 and October 27, 2026, its deepest decline was 7.8%, from August 7 to October 1, and it had not recovered by October 27. Someone who needs cash in a bad year has little evidence of how it would hold up in a deep bear market.
Its yield over the past 12 months was 1.72% as of October 27, 2026, paid quarterly. The 0.38% expense ratio, its yearly fee, comes to $39 in year one and $480 over 10 years on $10,000 in the SEC's example. With about $5.1 million in assets as of July 31, 2026, shares may trade thinly. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting foreign dividend payers such as Barclays, BBVA and Novartis, chosen by an active manager who screens for dividend growth and investment-grade debt.
- Those comfortable with a bank-heavy portfolio, with UK stocks at about 26% and Japan at 17% of assets as of July 31, 2026.
- Long-term holders who like quarterly payouts and little trading inside the fund. Portfolio turnover was 2.39% in the latest prospectus.
Look elsewhere if
- Anyone wanting a long, tested record. GENW launched January 6, 2025, and has no history through the 2008, 2020 or 2022 downturns.
- Investors who value easy trading. With about $5.1 million in assets as of July 31, 2026, shares may trade thinly.
- Those seeking broad foreign-stock exposure. GENW had only 35 holdings as of July 31, 2026, and leaned toward banks.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Does GENW pay monthly dividends?
No. GENW pays dividends quarterly, not monthly. Over the 12 months to October 27, 2026, it paid about $0.25 per share, a yield of 1.72%. Payouts can rise or fall because they depend on dividends from holdings such as Barclays, BBVA and Allianz. Foreign companies declare dividends in their home currencies, so swings in the dollar can also change how much reaches US shareholders.
What stocks are in GENW?
GENW owns foreign dividend-paying companies, mostly through ADRs, which are US-traded receipts for foreign shares. As of July 31, 2026, it had 35 holdings. The largest were Barclays (4.98%), Spain's BBVA (4.44%), ABB (4.39%), BNP Paribas (4.39%) and Mitsubishi UFJ (4.33%). By country, the UK made up about 26% of assets, Japan 17%, France 13% and Canada 8%. The prospectus says the fund focused on the financials sector as of April 30, 2026.
What is GENW's expense ratio?
GENW's expense ratio is 0.38% a year, according to its prospectus filed August 31, 2026. That includes a 0.20% management fee. The SEC's standard example assumes $10,000 invested, a 5% yearly return and shares cashed out at the end of each period. On that basis, total costs would be about $39 after one year, $122 after three, $213 after five and $480 after ten. The fee comes out of fund assets, so it lowers returns rather than arriving as a bill.
Is GENW good for retirement income?
GENW may play a supporting role, but its record is short. It pays quarterly, with a yield of 1.72% over the 12 months to October 27, 2026. It favors companies with no dividend cuts in the past four quarters and at least one increase in the latest two. It launched January 6, 2025, so it has no history through the 2008, 2020 or 2022 downturns. Between June 9 and October 27, 2026, its deepest decline was 7.8%.
Is GENW risky?
GENW carries normal stock-market risk plus some risks of its own. As of July 31, 2026, it had about $5.1 million in assets. The prospectus warns that an active trading market may not develop or last, so shares can trade away from net asset value, the per-share value of the holdings. It leans toward banks, and its foreign holdings expose it to currency swings. It is actively managed, so results depend on the manager's picks.