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A quality approach to value investing

Fund Name:

Ticker:

Investment Objective

Unlock the Power of Growing Dividend Income.

The fund seeks dividend income and long-term capital appreciation.

Overview

The strategy’s primary goal is to generate a growing stream of income through investments in a diversified portfolio of equities. We seek companies with a stable, high, and growing dividend.

  • Seeks a diversified portfolio of high-quality businesses that consistently increase dividends
  • Dividends and dividend reinvesting have made up a significant portion of market returns over time
  • Comprehensive, forward-looking approach to dividends
  • Seeks to provide current income today that can grow into the future

Source: Berkshire Asset Management. Hypothetical chart is for illustrative purposes only. Dividends are not guaranteed and a company’s future abilities to pay dividends may be limited. A company currently paying dividends may cease paying dividends at any time

The Power of Compounding Dividends

Dividends and dividend reinvesting have made up a significant portion of market returns over time

A Forward-Looking Approach to Dividends

Simple screens of historical data may fail to capture the full dividend growth opportunity set

High-quality, dividend-paying portfolio

Seeks to provide current income today that can grow into the future


Due Diligence Kit


Prospectus

Presentation

Fact Sheet

Commentary

Berkshire Asset Management, LLC (“Berkshire”) is a fee-based, SEC registered advisory firm serving the portfolio management needs of high net worth and institutional clients. Our guiding principle is a belief that success can be achieved by combining rigorous, well-crafted investment processes with an exceptional level of client service and attention to detail. Berkshire Asset Management, Inc. was formed in 1986 as a SEC registered investment adviser. In 1999, the company was sold to Legg Mason. In 2007, senior leadership repurchased the firm, forming Berkshire. Berkshire has roughly $4.18 billion in assets under advisement as of end May 2023.
Target Manager Allocation: 100.00%
Stock-Picking Style:

Kenneth Krogulski, CFA

Berkshire Asset Management
Managing Partner &
Chief Investment Officer

Gerard Mihalick, CFA

Berkshire Asset Management
Partner & Portfolio Manager

Michael Weaver, CFA

Berkshire Asset Management
Partner and Portfolio Manager

BDVG

53700T751

USD $12.8

US53700T7515

06/29/2023

Large-Cap Value

Active ETF

0.55%


State Street Bank

ALPS Distributors

NYSE Arca

iM Global Partner Fund Management

Berkshire Asset Management

$12.7849

As of 11/26/2025

0.07 (0.56%)

As of 11/26/2025

13.07%

As of 11/26/2025

0.55%

Asset Class

Equity

Share Class inception Date

06/29/2023

Benchmark

Russell 1000 Index

CUSIP

53700T751

Registered Locations

US

iMGP Berkshire Dividend Growth ETF Value of Hypothetical $10,000
The value of a hypothetical $10,000 investment in the iMGP Berkshire Dividend Growth ETF compared with the iMGP Berkshire Dividend Growth ETF (Price), Morningstar US Large Value Category, Russell 1000 Index, Russell 1000 Value Index.

  • Growth of Investment
  • Annualized
  • Calendar Year

* The hypothetical $10,000 investment at fund inception includes changes due to share price and reinvestment of dividends and capital gains. The chart does not imply future performance. Indexes are unmanaged, do not incur fees, expenses or taxes, and cannot be invested in directly.
Performance quoted does not include a deduction for taxes that a shareholder would pay on the redemption of fund shares.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Short term performance is not a good indication of the fund’s future performance and should not be the sole basis for investing in the fund. Indexes are unmanaged, do not incur fees, and cannot be invested in directly. Returns less than one year are not annualized.

Date Security Name CUSIP Ticker Shares Qty Market Value Weight
11/28/2025 SOLSTICE ADV MATERIALS INC COMMON STOCK USD.01 53700T751 SOLS 262 $ 12,112.26 0.14
11/28/2025 NET OTHER ASSETS 53700T751 - 0 $ 14,911.95 0.17
11/28/2025 GENERAL MILLS INC COMMON STOCK USD.1 53700T751 GIS 1,485 $ 70,047.45 0.81
11/28/2025 US DOLLAR 53700T751 - 73,874 $ 73,874.23 0.86
11/28/2025 EOG RESOURCES INC COMMON STOCK USD.01 53700T751 EOG 918 $ 97,491.60 1.13
11/28/2025 WP CAREY INC REIT USD.001 53700T751 WPC 1,728 $ 116,449.92 1.35
11/28/2025 PEPSICO INC COMMON STOCK USD.017 53700T751 PEP 864 $ 127,854.72 1.48
11/28/2025 PROCTER + GAMBLE CO/THE COMMON STOCK 53700T751 PG 891 $ 132,090.75 1.53
11/28/2025 HERSHEY CO/THE COMMON STOCK USD1.0 53700T751 HSY 726 $ 136,633.20 1.58
11/28/2025 BRISTOL MYERS SQUIBB CO COMMON STOCK USD.1 53700T751 BMY 2,862 $ 140,953.50 1.63
11/28/2025 MONDELEZ INTERNATIONAL INC A COMMON STOCK 53700T751 MDLZ 2,565 $ 146,743.65 1.7
11/28/2025 SMITH (A.O.) CORP COMMON STOCK USD1.0 53700T751 AOS 2,335 $ 154,880.55 1.79
11/28/2025 DEERE + CO COMMON STOCK USD1.0 53700T751 DE 351 $ 164,924.37 1.91
11/28/2025 ABBOTT LABORATORIES COMMON STOCK 53700T751 ABT 1,296 $ 166,587.84 1.93
11/28/2025 NESTLE SA SPONS ADR ADR 53700T751 NSRGY 1,722 $ 169,858.08 1.97
11/28/2025 PNC FINANCIAL SERVICES GROUP COMMON STOCK USD5.0 53700T751 PNC 920 $ 176,529.60 2.05
11/28/2025 SCHWAB (CHARLES) CORP COMMON STOCK USD.01 53700T751 SCHW 2,108 $ 193,514.40 2.24
11/28/2025 LOWE S COS INC COMMON STOCK USD.5 53700T751 LOW 810 $ 195,704.10 2.27
11/28/2025 JOHNSON + JOHNSON COMMON STOCK USD1.0 53700T751 JNJ 945 $ 196,144.20 2.27
11/28/2025 KINDER MORGAN INC COMMON STOCK USD.01 53700T751 KMI 7,344 $ 197,920.80 2.29
11/28/2025 HONEYWELL INTERNATIONAL INC COMMON STOCK USD1.0 53700T751 HON 1,050 $ 199,489.50 2.31
11/28/2025 CHUBB LTD COMMON STOCK 53700T751 CB 675 $ 201,082.50 2.33
11/28/2025 LENNAR CORP W/D COMMON STOCK USD.1 53700T751 LEN 1,569 $ 205,978.32 2.39
11/28/2025 DELL TECHNOLOGIES C COMMON STOCK 53700T751 DELL 1,549 $ 206,419.74 2.39
11/28/2025 M + T BANK CORP COMMON STOCK USD.5 53700T751 MTB 1,093 $ 207,932.32 2.41
11/28/2025 WALMART INC COMMON STOCK USD.1 53700T751 WMT 1,924 $ 209,908.40 2.43
11/28/2025 EMERSON ELECTRIC CO COMMON STOCK USD.5 53700T751 EMR 1,674 $ 220,030.56 2.55
11/28/2025 MCDONALD S CORP COMMON STOCK USD.01 53700T751 MCD 729 $ 227,739.60 2.64
11/28/2025 LOCKHEED MARTIN CORP COMMON STOCK USD1.0 53700T751 LMT 513 $ 232,984.08 2.7
11/28/2025 TE CONNECTIVITY PLC COMMON STOCK USD.01 53700T751 TEL 1,053 $ 236,640.69 2.74
11/28/2025 QUALCOMM INC COMMON STOCK USD.0001 53700T751 QCOM 1,500 $ 247,710.00 2.87
11/28/2025 WASTE MANAGEMENT INC COMMON STOCK USD.01 53700T751 WM 1,161 $ 252,343.35 2.92
11/28/2025 PPL CORP COMMON STOCK USD.01 53700T751 PPL 7,101 $ 260,677.71 3.02
11/28/2025 NORFOLK SOUTHERN CORP COMMON STOCK USD1.0 53700T751 NSC 932 $ 270,307.96 3.13
11/28/2025 NUCOR CORP COMMON STOCK USD.4 53700T751 NUE 1,930 $ 307,120.90 3.56
11/28/2025 BANK OF AMERICA CORP COMMON STOCK USD.01 53700T751 BAC 5,870 $ 311,051.30 3.6
11/28/2025 CISCO SYSTEMS INC COMMON STOCK USD.001 53700T751 CSCO 4,104 $ 312,191.28 3.62
11/28/2025 CHEVRON CORP COMMON STOCK USD.75 53700T751 CVX 2,109 $ 315,316.59 3.65
11/28/2025 MICROSOFT CORP COMMON STOCK USD.00000625 53700T751 MSFT 742 $ 360,241.00 4.17
11/28/2025 ABBVIE INC COMMON STOCK USD.01 53700T751 ABBV 1,674 $ 381,102.84 4.42
11/28/2025 APPLE INC COMMON STOCK USD.00001 53700T751 AAPL 1,380 $ 383,019.00 4.44
11/28/2025 JPMORGAN CHASE + CO COMMON STOCK USD1.0 53700T751 JPM 1,285 $ 395,317.40 4.58
11/28/2025 TOTAL NET ASSETS 53700T751 - - $ 8,629,832.21 -

* Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.

Net Assets of the Fund (11/26/2025) $8,629,832

Shares Outstanding (11/26/2025) 675,000

Last Market Price (11/26/2025) $12.77

Change in Last Market Price (11/26/2025) $0.06

Premium/Discount (11/26/2025) -0.01

30-Day Median Bid-Ask Spread (11/26/2025) 0.16

Disclosure:

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and it may be obtained by calling 800-960-0188 or visiting www.imgpfunds.com. Read it carefully before investing.

Berkshire Dividend Growth ETF Risks: Investing involves risk. Principal loss is possible.

Securities that pay dividends, as a group, may be out of favor with the market and underperform the overall equity market or stocks of companies that do not pay dividends. In addition, changes in the dividend policies of the companies held by the Fund or the capital resources available for such company’s dividend payments may adversely affect the Fund. Growth stocks are generally more sensitive to market movements than other types of stocks primarily because their prices are based heavily on the future expectations of the economy and the stock’s issuing company. The interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market.

The Fund is newly formed and has no operating history.

A commission may apply when buying or selling an ETF.

Index Definitions | Industry Terms and Definitions

The Berkshire Dividend Growth ETF is distributed by ALPS Distributors, Inc. LGE000224 exp. 1/31/2025