DIVY ETF: what DIVY.TO is, what it holds, and how it works

Short answer: DIVY.TO is the Global X Active U.S. Dividend ETF, listed on the TSX in May 2026 at a 0.35% management fee. It’s an actively managed fund holding U.S. companies that reward shareholders through dividends, buybacks, or both, aiming for regular income plus modest long-term growth. It pays quarterly and is sub-advised by Mirae Asset with AI-assisted research. A CAD-hedged unit class (DIVY.U) is also available.

DIVY is Global X’s active take on U.S. dividend investing. Rather than tracking a dividend index, a manager picks the companies. This walks through what it holds and how to think about it.

This is not financial advice. I’m sharing what I’ve learned from my own research, and your situation might differ. Fund details and yields change, so always check the current disclosures before deciding.

What DIVY actually is

DIVY.TO is an ETF from Global X, listed on the TSX in Canadian dollars. It’s actively managed: rather than mechanically tracking a U.S. dividend index, the team selects U.S. companies that return cash to shareholders, whether through dividends, share buybacks, or both. The stated goal is regular dividend income plus modest long-term capital growth.

Counting buybacks alongside dividends is worth noting. Many high-quality U.S. companies return more cash through buybacks than dividends, so a strategy that looks at total shareholder return, not just the dividend, can hold names a pure dividend screen would miss. In practice the fund has leaned toward large, quality U.S. companies, with names like Apple, Microsoft, and Costco among its top holdings and a meaningful technology weight.

DIVY fund facts

Attribute	Value
Ticker	DIVY (TSX), DIVY.U for the U.S.-dollar unit
Full name	Global X Active U.S. Dividend ETF
Listed	May 2026
Strategy	Active U.S. equity, dividends and buybacks
Distribution	Quarterly
Management fee	0.35%
Sub-advisor	Mirae Asset, with AI-assisted research
Role in a portfolio	U.S. dividend equity sleeve

How it works and where it fits

DIVY is a U.S. dividend-and-quality equity sleeve. The appeal of the active approach is flexibility: the manager can weigh buybacks, avoid dividend traps (high yields that signal trouble), and adjust as conditions change, rather than being locked into an index’s rules. The cost is the active-management fee and the usual uncertainty about whether the manager beats a plain index over time.

A practical note for Canadians: U.S. dividends paid into a Canadian account can face U.S. withholding tax, and how that’s treated depends on the account. The U.S. dividend withholding tax guide covers the details, and the dividends in Canada guide covers dividend investing more broadly.

Frequently asked questions

What is DIVY.TO?

DIVY.TO is the Global X Active U.S. Dividend ETF, listed on the TSX in May 2026. It’s an actively managed fund holding U.S. companies that reward shareholders through dividends, buybacks, or both, aiming for regular income and modest growth. It pays quarterly and trades in Canadian dollars, with a U.S.-dollar unit class (DIVY.U) also available.

What is DIVY’s MER?

The management fee is 0.35%. The full MER may run slightly higher once all operating expenses are included. That’s modest for an actively managed fund, though still above a plain dividend index ETF.

Is DIVY actively managed?

Yes. Rather than tracking a dividend index, DIVY’s sub-advisor (Mirae Asset, with AI-assisted research) actively selects U.S. companies based on dividends and buybacks. That flexibility is the selling point, and the reason it costs more than an index fund.

Can I hold DIVY in a TFSA or RRSP?

Yes. DIVY trades on the TSX in Canadian dollars and is eligible in any standard Canadian registered account (TFSA, RRSP, FHSA, RESP, RDSP, RRIF, LIRA) as well as non-registered accounts. Note that U.S. dividends can face U.S. withholding tax depending on the account type; an RRSP generally receives favourable treatment on U.S. dividends that a TFSA does not.

Bottom line

DIVY is an actively managed, buyback-aware U.S. dividend fund at a reasonable 0.35%. For an investor who wants U.S. dividend-and-quality exposure with a manager’s flexibility rather than an index’s rules, it’s a credible option. As with any active fund, the open question is whether the selection beats a cheap index over time, so size it on conviction in the approach, not on the headline yield.