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TBG

GradeBNew York Stock Exchange Arca

TBG Dividend Focus ETF

Active Equity · Madison Avenue · Inception 2023-11-06

$37.10−0.26 (−0.68%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Nov 7, 2023.
Intraday session: down, 59 prints from 37.36 to 37.10. Range 37.05 to 37.29. Use the arrow keys to read each point.$37.20$37.3010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$282M
1Y return
+15.6%
Yield · Last 12 months
2.65%
Volume · 30D
0M sh
NAV per share
$37.45
52W range
low $32.33high $39.68

The ETF.net TBG Grade

B

56/ 100

Rank 14 of 40 in US Active Dividend Income

Confidence Medium

Six-pillar profile for TBG. Scores out of 100: Cost 44, Risk 68, Mission not scored, Tradability 81, Holdings 44, Durability 57. Strongest: Tradability (81). Weakest: Holdings (44). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 44
    Category rank23/40 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank7/37 · top 19%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 81
    Category rank5/40 · top 13%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank29/40 · mid-pack
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank18/40 · top 45%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TBG

ETF.net Research

BAn active stock picker in an aisle ruled by index screens: TBG seeks income plus long-term appreciation, pays quarterly, and already sits in the upper half of its active-dividend peer group despite launching in late 2023.

Stated mandate

The Fund seeks income and long-term capital appreciation.

Why people hold it

  1. 01Actively managed high-dividend mandate: a manager choosing stocks for income and long-term capital appreciation, not a rules-based yield screen rebalanced on a calendar.
  2. 02Distributions land on a quarterly schedule, the standard cadence for dividend-equity funds.
  3. 03Stands in the upper half of the active dividend-income ETFs we cover, a field of thirty-plus competitors, with risk control and trading quality its stronger traits.

Worth knowing

  1. 01The 0.59% fee sits above the category median and above top-ranked rivals like CGDV (0.33%) and HIDV (0.35%), so the stock picking carries that extra load.
  2. 02Launched November 2023, so the track record is short and has not spanned a full market cycle.
  3. 03Volume is light next to the dividend aisle's giants, and the asset base is modest, which can mean wider bid/ask spreads on bigger orders.

TBG Holdings

As of Sep 20, 2026, 10:12 AM
Asset class
Stocks
Holdings
Top-10 weight
40%
Largest holding
First American Government Obligations Fund 12/01/20315.3%

Sectors

  • Health Care16.5%
  • Financials15.5%
  • Energy13.7%
  • Cons. Staples10.6%
  • Consumer Discr.10.0%
  • Technology8.6%
  • Real Estate7.8%
  • Utilities6.0%
  • Communication5.8%
  • Industrials4.1%
  • Materials1.5%

Geography

  • United States94.51%
  • Ireland3.70%
  • Canada1.79%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001First American Government Obligations Fund 12/01/20315.27%14,812,018$15M625
002MRKMerck & Co Inc4.68%89,594$13M506
003BXBlackstone Inc4.50%101,202$13M299
004CVXChevron Corp4.00%53,695$11M468
005VZVerizon Communications Inc3.94%230,645$11M441
006BIPCBrookfield Infrastructure Corp3.65%282,189$10M26
007PGProcter & Gamble Co/The3.63%69,804$10M433
008PEPPepsiCo Inc3.48%75,502$10M447
009JNJJohnson & Johnson3.43%35,758$10M521
010ACNAccenture PLC3.35%52,035$9M268
011SPGSimon Property Group Inc3.14%42,965$9M312
012GISGeneral Mills Inc3.08%238,169$9M288
013ETEnergy Transfer LP3.05%405,595$9M52
014GILDGilead Sciences Inc2.92%54,686$8M482
015EPDEnterprise Products Partners LP2.82%204,065$8M44

Showing 1–15 of 38 holdings

TBG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TBG$11,563
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TBG $11,563. SPY $11,723. Use the arrow keys to read each point.$9,316$10,877$12,437Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TBG. Periods over one year show the average yearly return.
PeriodTBG
Year to date+13.4%
1 month−5.0%
3 months+3.1%
1 year+15.6%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TBG
YearReturn barTBG
2026 YTD+13.4%
2025+7.5%
2024+20.6%
2023+9.6%

History from Nov 7, 2023

TBG in the news

ETF.net Research hasn’t filed on TBG yet — coverage lands here as it’s written.

TBG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.65%Last 12 months
Payout per share
$0.99Last 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 11 payments from 2023 to 2026 YTD. Dec 28, 2023 $0.13; Apr 12, 2024 $0.18; Jun 27, 2024 $0.19; Sep 27, 2024 $0.18; Dec 30, 2024 $0.19; Mar 28, 2025 $0.17; Jun 27, 2025 $0.25; Sep 29, 2025 $0.23; Dec 23, 2025 $0.29; Mar 30, 2026 $0.22; Jun 29, 2026 $0.25. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.25
Mar 30, 2026Mar 31, 2026$0.22
Dec 23, 2025Dec 24, 2025$0.29
Sep 29, 2025Sep 30, 2025$0.23
Jun 27, 2025Jun 30, 2025$0.25
Mar 28, 2025Mar 31, 2025$0.17
Dec 30, 2024Dec 31, 2024$0.19
Sep 27, 2024Sep 30, 2024$0.18
Jun 27, 2024Jun 28, 2024$0.19
Apr 12, 2024Apr 16, 2024$0.18
Dec 28, 2023Jan 3, 2024$0.13

TBG Risk

How much the fund’s monthly returns vary, scaled to a year.
11.4%
Annualised · 33 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.24
vs 3-month T-bills · 33 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.8%
34 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.59
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TBG Cost

Expense ratio0.45%
  • The middle half of US Active Dividend Income funds
  • Median 0.51%

8 of the 40 US Active Dividend Income funds charge less.

TBG costs $45.00 a year on $10,000. The median US Active Dividend Income fund costs $51.00.