What Is the CGV ETF? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The Conductor Global Equity Value ETF (CGV) is a global active ETF that selects value stocks across worldwide equity markets. It seeks high-quality companies that appear undervalued relative to their share prices and earnings, offering a portfolio aimed at long-term capital appreciation and dividend income.
SubscribeWhat Is the Conductor Global Equity Value ETF?
This is an active ETF that selects value stocks across global equity markets using its own quantitative model and fundamental analysis. It diversifies across undervalued companies in a variety of global markets, not just the United States.
It looks for value investing opportunities across the global equity market and suits long-term investors who prefer active management.
The ETF is actively managed and is run by Ironhorse.
How Does the Conductor Global Equity Value ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | Actively managed (no benchmark index) |
| Management Style | Active selection and management |
| Currency Hedging | Currency exposed (unhedged) |
| Asset Composition | Global equities overall |
| Expense Ratio | 1.25% |
The fund executes a value investing strategy across companies of various market capitalizations worldwide. By reviewing both technical and fundamental indicators, it adds high-quality stocks that the market has undervalued and secures the benefits of global diversification.
- A combination of quantitative and qualitative analysis
- Currency-exposed investment in non-US foreign stocks
Conductor Global Equity Value ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $135.2M, and the expense ratio is 1.25% per year.
Given the nature of active management, the expense ratio is somewhat high, and liquidity may also be more limited than that of large passive funds.
Conductor Global Equity Value ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund's overall performance tends to move in step with the performance of value stocks in global equity markets. It also pursues returns by actively adjusting the portfolio in response to earnings releases from individual holdings and changes in the macro environment.
Inflows can be strong when value stocks look relatively more attractive than growth stocks in the global macro environment. Demand for global diversification to broaden portfolios also continues to be steady.
Conductor Global Equity Value ETF Strengths and Weaknesses
Its strength is active management grounded in the fundamentals of global value stocks, but it carries the cost burden typical of active funds as well as currency fluctuation risk.
💪 Key Strengths
⚠️ Points to Watch
Conductor Global Equity Value ETF Alternative ETFs and Related Products
ETFs in the same category include EFV, AVDV, DISV, IVLU, and JIVE, which also focus on international stocks or small-cap value stocks. As an additional alternative for global value stocks, the actively managed DFIV can also be considered. Performance varies depending on the investment region and the market capitalization range.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EFV | iShares MSCI EAFE Value ETF | $79.26 | -0.5% | $30.6B | 0.33% | 4.61% | +15.5% |
 AVDV | Avantis International Small Cap Value ETF | $105.11 | -1.6% | $20.0B | 0.36% | 3.3% | +17.1% |
 DISV | Dimensional International Small Cap Value ETF | $42.46 | -0.9% | $5.1B | 0.42% | 2.67% | +18.6% |
 IVLU | iShares MSCI Intl Value Factor ETF | $42.17 | -1.1% | $4.6B | 0.30% | 3.33% | +17.0% |
 JIVE | JPMorgan International Value ETF | $93.82 | -0.9% | $4.5B | 0.55% | 1.95% | +23.1% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| MO | Altria Group Inc | 0.05% | $78.03 | +1.7% | $130.3B | 16.1 | 5.54% |
| PM | Philip Morris International Inc | 0.04% | $208.79 | +0.1% | $325.4B | 30.5 | 2.92% |
| VZ | Verizon Communications Inc | 0.04% | $44.73 | +2.5% | $185.4B | 11.4 | 6.31% |
| T | AT&T Inc | 0.04% | $21.41 | +2.3% | $144.2B | 11.5 | 5.18% |
| QCOM | Qualcomm Inc | 0.04% | $164.79 | -11.1% | $176.0B | 19.1 | 2.2% |
| PEP | PepsiCo Inc | 0.04% | $137.34 | +2.6% | $187.2B | 17.3 | 4.26% |
| LRCX | Lam Research Corp | 0.03% | $239.11 | -6.0% | $298.7B | 35.6 | 0.55% |
| NVDA | NVIDIA Corp | 0.03% | $204.64 | -4.2% | $4.93T | 25.9 | 0.38% |
| CL | Colgate-Palmolive Co | 0.03% | $95.29 | +2.3% | $76.0B | 37.7 | 2.23% |
 CDNA | Caredx Inc | 0.03% | $87.41 | +22.2% | $4.5B | 36.5 | - |
Conductor Global Equity Value ETF Investor Checkpoints
These are the key points to review before investing in the CGV ETF. It is important to carefully check in advance the investment philosophy and track record of an active fund targeting global equity markets, as well as currency risk arising from its unhedged structure.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Review the cost burden for long-term holding | Somewhat high |
| 💱 Currency Exposure | Impact of global currency fluctuations | Currency-exposed structure |
| 💧 Trading Liquidity | Market making and bid-ask spread | Needs verification |
Because it is an active fund, performance can vary widely depending on the manager's skill and market conditions, and exchange rate movements have a meaningful effect on overall returns.
It can be an alternative for investors who want to actively manage a global value stock portfolio. However, a prior review of the fee level and currency risk is recommended.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 29, 2026.
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