The investment objective of the TBG DIVIDEND FOCUS ETF is to generate long-term growth and capital appreciation and sustainable premium income by investing in a concentrated portfolio of publicly-traded companies that are repeatedly growing their dividends. The strategy uses quantitative and qualitative measures to assess dividend sustainability and the likelihood of distribution growth over time. Free Cash Flow, Balance Sheet strength, and Management Alignment are key components of the fund’s analysis. The approach is bottom-up and sector agnostic. Securities are selected seeking to achieve growth, income, and growth-of-income in an investor portfolio.
*From June 8, 2026, through July 19, 2026, the Fund’s investment adviser contractually agreed to reduce its management fee from 0.59% to 0.45% of the Fund’s average daily net assets. This agreement was terminated by the Trustees effective July 20, 2026, when the Fund’s management fee was formally reduced to 0.45% of the Fund’s average daily net assets. The agreement did not provide for recoupment of waived management fees.
Expense information is as of the Fund’s prospectus dated November 30, 2025, as supplemented July 17, 2026, unless otherwise noted.
| Fund Ticker | TBG Dividend Focus ETF (TBG) Hires Bowyer Research to Advise Proxy Voting | Factsheet | Summary Prospectus | Statutory Prospectus | SAI | Part F Q3 | Part F Q1 | N-PX Proxy Voting Record | Annual Financials | Annual SOI | Annual TSR | Semi-Annual Financials | Semi-Annual SOI | Semi-Annual TSR |
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| TBG | Download | Download | Download | Download | Download | Download | Download | Download | Download | Download | Download | Download | Download | Download |
NAV is the sum of all assets less any liabilities, divided by the number of shares outstanding.
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than that quoted. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding, calculated at the end of each business day. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. YTD is year-to-date and ITD is inception-to-date.
The Premium/Discount shows the difference between the daily market price of the fund’s shares and the fund’s net asset value (“NAV”). The table shows the premium or discount of the mid-point price as a percentage of the NAV as well as the number of trading days the fund traded within the given premium/discount range.
