The Capital Group Dividend Value ETF has a "secret sauce" that led it to outperform its peers this year, according to Morningstar. The fund, ticker CGDV, is the top performing dividend fund so far this year, said Bryan Armour, Morningstar's director of passive strategies research for North America. However, the fund also invests in some non-dividend paying companies, which helped give it a boost this year. CGDV, Capital Group's largest exchange traded fund, is one of the first six ETFs the firm launched in February 2022. "Investors appreciate its non-traditional value strategy focusing on above average income while also generating long-term capital appreciation through an emphasis on companies trading below their intrinsic value," Gerber said.

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Persons: Morningstar, Bryan Armour, Armour, Jacob Gerber, Gerber, Morningstar's Armour Organizations: Capital, North, SEC, Royal, Meta, Capital Group, industrials Locations: North America, Meta, Royal Caribbean, Capital