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
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
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






