Depends if it's setup to reinvest or not...
Dividend funds are by and large basic large cap equity funds, most could be managed by a fifth grader since you don't actually have to do much of anything other than buy the banks, typical couple of energy and utility stocks. Exciting stuff. Do not pay for "active" management whatever you do. Any half-brain with a little cash can assemble a handful of dividend paying stocks to make his own "fund". Same goes for ETFs though the trading cost of owning individual companies verses paying the fund fees plus a lower number of trades would be worth comparing here.
Type dividend ETF or just ETF into Google and do your own homework.
Dividend funds are by and large basic large cap equity funds, most could be managed by a fifth grader since you don't actually have to do much of anything other than buy the banks, typical couple of energy and utility stocks. Exciting stuff. Do not pay for "active" management whatever you do. Any half-brain with a little cash can assemble a handful of dividend paying stocks to make his own "fund". Same goes for ETFs though the trading cost of owning individual companies verses paying the fund fees plus a lower number of trades would be worth comparing here.
Type dividend ETF or just ETF into Google and do your own homework.