IMGP Berkshire Dividend Growth ETF

IMGP Berkshire Dividend Growth ETF (BDVG) is an actively managed fund in which Berkshire Asset Management picks 30 to 40 large US dividend payers expected to raise their payouts. It aims for growing income plus long-term gains; its 1-year price return ranked second of nine similar funds as of October 27, 2026. Its 0.55% annual fee is the highest in that group, and it had just $13.6 million in assets on June 30, 2026.

• Over the year to Oct 27, 2026, BDVG returned +21.7%, 3rd of 9 among similar funds.
• Its worst full calendar year was 2024 (+11.8%); its best was 2025 (+13.8%).
• The deepest fall in its price history was 14.4% (Nov 29, 2024 to Apr 8, 2025), recovered by Jul 1, 2025.

As of Jun 30, 2026, the fund held 40 securities; the ten largest made up 41.39% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $3.6M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +4.24%, +5.27%, -0.29%.

BDVG doesn't track an index. It is actively managed: its sub-advisor, Berkshire Asset Management LLC, picks the stocks. At least 80% of net assets goes into US dividend-paying companies, mainly large ones with a market value of $10 billion or more when first purchased. The managers look for a dividend yield (yearly dividends divided by share price) at least as high as the S&P 500 Index average, unless a company has a clear path to bigger payouts.

They weigh each company's yield, how stable its dividend is and how fast it grows. They check whether debt could threaten the payout and favor high return on equity, a measure of profit relative to shareholders' money. The portfolio holds 30 to 40 companies they see as reasonably priced, aiming to beat the Russell 1000 Value Index and the S&P 500 after adjusting for risk. Up to 15% may go into foreign stocks.

The prospectus describes no weighting formula or rebalancing calendar; the managers size positions and may drop stocks that lag, look overvalued or have better replacements. Portfolio turnover, the share of holdings replaced over a year, was 30%. As of June 30, 2026, the fund held 40 positions, led by Dell Technologies (6.8%); the top 10 made up 41%. It held no derivatives and is not leveraged.

• BDVG charges 0.55% a year, versus an average of 0.31% for the similar funds below (9th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $56 in the first year and $689 over 10 years (assuming a 5% annual return).

It holds 30 to 40 large US dividend payers spread across technology, financials, industrials and other sectors, so it could fill part of a portfolio's US stock allocation.

BDVG could add hand-picked large US dividend growers to a portfolio's stock side. It launched on June 30, 2023, so it has no record in the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its weakest full calendar year, 2024, still saw an 11.8% price gain. Its deepest drop was 14.4%, from November 29, 2024, to April 8, 2025; it was back at its peak by July 1, 2025. Withdrawals in a harsher downturn could lock in deeper losses than this short record shows.

Income is modest: dividends over the 12 months to October 27, 2026, equaled a 1.3% yield, paid quarterly. The 0.55% expense ratio tops the 0.31% average of similar funds; the SEC's $10,000 cost example shows $56 after one year and $689 after 10 years. Past results don't predict future returns, and a plan should weigh the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.