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.
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
Kenneth Krogulski, CFA is Managing Partner and Chief Investment Officer of Berkshire Asset Management LLC. Ken has 42 years of experience in security analysis and portfolio management. He joined Berkshire in 1990 after serving for 11 years as senior portfolio manager for the First Eastern Bank’s trust company. He is a director of Allied Services and Cumberland Pharmaceuticals, Inc. (CPIX: NASDAQ). Ken holds a BS from Indiana University of Pennsylvania and an MBA from Wilkes University.
Gerard Mihalick, CFA is a Partner and Portfolio Manager at Berkshire Asset Management LLC. Gerry has over 25 years of experience in the investment management industry and joined Berkshire in 1995. At Berkshire, Gerry is a member of the firm’s investment committee and has equity research and portfolio management responsibilities. Prior to joining Berkshire, he was employed as a portfolio manager with Fleet Investment Advisors in Rochester, New York. Gerry has served on the board of directors for various local non-profit organizations. Gerry holds a BA from Gettysburg College.
Michael Weaver, CFA is a Partner and Portfolio Manager at Berkshire Asset Management LLC. Mike has over 20 years of experience in security analysis and portfolio management. At Berkshire, Mike is a member of the firm’s investment committee and has equity research and portfolio management responsibilities. Prior to joining Berkshire in 1999, Mike was a senior portfolio manager for Mellon Private Asset Management. He is a former director of the North Branch Land Trust and the Luzerne Foundation. Mike holds a BA in Economics from the University of Virginia.
Kenneth Krogulski, CFA is Managing Partner and Chief Investment Officer of Berkshire Asset Management LLC. Ken has 42 years of experience in security analysis and portfolio management. He joined Berkshire in 1990 after serving for 11 years as senior portfolio manager for the First Eastern Bank’s trust company. He is a director of Allied Services and Cumberland Pharmaceuticals, Inc. (CPIX: NASDAQ). Ken holds a BS from Indiana University of Pennsylvania and an MBA from Wilkes University.
Gerard Mihalick, CFA is a Partner and Portfolio Manager at Berkshire Asset Management LLC. Gerry has over 25 years of experience in the investment management industry and joined Berkshire in 1995. At Berkshire, Gerry is a member of the firm’s investment committee and has equity research and portfolio management responsibilities. Prior to joining Berkshire, he was employed as a portfolio manager with Fleet Investment Advisors in Rochester, New York. Gerry has served on the board of directors for various local non-profit organizations. Gerry holds a BA from Gettysburg College.
Michael Weaver, CFA is a Partner and Portfolio Manager at Berkshire Asset Management LLC. Mike has over 20 years of experience in security analysis and portfolio management. At Berkshire, Mike is a member of the firm’s investment committee and has equity research and portfolio management responsibilities. Prior to joining Berkshire in 1999, Mike was a senior portfolio manager for Mellon Private Asset Management. He is a former director of the North Branch Land Trust and the Luzerne Foundation. Mike holds a BA in Economics from the University of Virginia.
Berkshire Asset Management (BAM) is located at 46 Public Square, Suite 700, Wilkes-Barre, Pennsylvania 18701, is an SEC-registered investment advisory firm founded in 1986. In 1999 the firm was sold to Legg Mason. In 2007, senior leadership repurchased the firm—forming Berkshire Asset Management, LLC in its current form. The Sub-Advisor is an independent advisor with $4.15 billion in assets under management as of December 31, 2022.
BAM is a fee-based SEC-registered advisory firm serving the portfolio management needs of high net worth and institutional clients specializing in dividend focused equity strategies. The firm was initially focused on direct wealth management solutions but expanded its client base to include third-party advisory relationships with broker dealers, registered investment advisors and turnkey asset management platforms.
The value of a hypothetical $10,000 investment in the iMGP Berkshire Dividend Growth Equity ETF compared with the Russell 1000 Value Index and Morningstar US Large Value Category.
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.
Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.
BDVG fell 1.23% (NAV return) in the second quarter compared to a loss of 2.17% for the Russell 1000 Value Index, the secondary benchmark. The Morningstar US Large Value category had a loss of 1.43% in the second quarter of 2024. MORE
The iMGP Berkshire Dividend Growth ETF returned 7.50% (NAV return) in the first quarter compared to 8.99% for the Russell 1000 Value Index. Considering sector performance year-to-date, we are pleased to see Financials and Energy have emerged as the t MORE
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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
