BDVG Fees and Costs — iMGP Berkshire Dividend Growth ETF
Data updated: 2026-08-26
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $831 in broker commissions, 0.0094% of average net assets, and portfolio turnover was 30%.
BDVG Fees and Expenses
Annual operating expenses and sales charges of BDVG. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BDVG Costs Over Time
On $10,000 invested in BDVG, assuming 5% a year before costs, total costs come to $353 over 5 years, cutting the return by 0.59% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $193 | $353 |
| Value after costs | $10,441 | $11,383 | $12,410 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
BDVG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0094%
- Total broker commissions: $831
- Bought from dealers (principal trades, not a cost): $16.1M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
BDVG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Charles Schwab & Co., Inc. | $831 | 100.00% |
BDVG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $13.7M | 85.45% |
| National Securities Clearing Corporation | $2.3M | 14.55% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.