FUND DETAILS
*The subsidized SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced. This is also referred to as the “standardized yield,” “30-Day Yield” and “Current Yield”.
HQDG
Raub Brock Dividend Growth ETF
The Fund seeks to invest in high-quality companies with a demonstrated ability to consistently grow their dividends at a high rate over time. The strategy focuses primarily on large-cap businesses with durable competitive advantages, strong balance sheets, and resilient business models capable of generating steady earnings and free cash flow growth. These characteristics support a company’s ability to increase dividends year after year. The Fund invests in companies whose securities trade on U.S. stock exchanges, regardless of where they are headquartered, and seeks diversification across sectors and industries while concentrating capital in a select group of high-quality businesses.
Free cash flow is the cash a company has left after spending money to support and maintain its operations and capital assets.
Fund Strategy
Companies are identified through a disciplined screening process designed to highlight firms with a history of dividend increases, strong growth characteristics, and high-quality financial profiles. From this universe, the Adviser conducts fundamental research to assess management quality, competitive positioning, financial strength, and long-term growth prospects. The resulting portfolio is intentionally concentrated and managed with a long-term horizon and relatively low turnover. The Fund’s objective is to capture the long-term return potential of dividend-growing stocks while seeking lower volatility and downside risk than the broader equity market, with the added benefit of providing investors a steadily growing stream of income over time.
FUND PRICES
*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Performance
Inception Date: 09/03/2026
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 855-766-7661.
Short term performance, in particular, is not a good indication of the funds future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each shares portion of the funds underlying assets and cash at the end of the trading day.
Fund Documents
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 855-766-7661. Read the prospectus or summary prospectus carefully before investing.
Investing involves risk. Principal loss is possible.
Dividend-Paying Common Equity Security Risk. In selecting common equity securities in which the Fund will invest, the Sub-Adviser will consider the issuer’s history of paying regular periodic dividends to its common equity holders. Such dividends are not fixed but are paid periodically at the discretion of the issuer’s board of directors.
Quantitative Security Selection Risk. Data for companies may be less available and/or less current than data for companies in other markets.
Growth Stock Investment Risk. Growth-oriented common stocks may involve larger pricing swings and greater potential for loss than other types of investments. Growth stocks tend to trade at a premium when analyzed using traditional valuation metrics such as price-to-earnings ratio and price-to-book ratio. Value Stock Investment Risk. A value stock may not increase in price if other investors fail to recognize the company’s value or the markets favor faster-growing companies.
Foreign Securities Risk. Investments in non-U.S. securities involve risks that may not be present with investments in U.S. securities. For example, investments in non-U.S. securities may be subject to risk of loss due to foreign currency fluctuations or to political or economic instability.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
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©2026 Raub Brock Capital Management