BGDV

Dividends Pay Dividends ®

Bahl & Gaynor Dividend ETF
Large-Cap Focus
Why BGDV?
An Active Fundamental Equity ETF Focused on Current Income with long-term income growth achieved through the ownership of high-quality businesses

Since 1990, Bahl & Gaynor has pursued a unified fundamental investment philosophy predicated on long-term ownership of high-quality businesses that we believe are uniquely capable of compounding capital and dividends at attractive growth rates.

The Bahl & Gaynor Dividend ETF is an actively managed ETF that invests primarily in dividend-paying U.S.-listed equity securities of large capitalization companies.

Strategy Goals

Long-Term Growth of Dividend Income

BDGV aims to generate meaningful current income that grows with long-term income growth achieved through the underlying ownership of high-quality businesses with attractive dividend growth prospects.

Downside Protection

BGDV seeks to provide below-benchmark risk metrics and downside capture.

Total Return

BGDV seeks to provide returns through a combination yield plus long-term growth of dividend income and risk-adjusted returns driven by below-benchmark downside capture and risk profile.

Strategy Details

Long-term Horizon

Long-term investment focus with moderate investment turnover.

Large-Cap Focus

Underlying holdings must have at least a $7 billion market-cap at initiation.

U.S.-Listed Underlying Holdings

Securities held may include U.S.-listed public companies, ADRs and REITs.

Fund Profile
 as of 02/19/2026
as of 02/17/2026

Ticker bgdv
Exchange NYSE
Expense Ratio 0.45%
Inception Date 12/11/2024
# of Holdings 53
CUSIP 268961505

Market Data
 as of 02/19/2026
as of 02/17/2026

Shares Outstanding 26,070,000
Net Assets 760.21M
Closing Price $29.17
Ticker bgdv
NAV $29.16
30 Day Sec Yield * 1.07%
Premium / Discount 0.05%
Median 30-day Spread 0.07%
* As of 01/31/2026

BGDV Price Performance

Quarter End Performance

as of 12/31/2025
YTD1 Months3 Months6 Months1 YearSince Inception
BGDV NAV13.61%-0.66%2.15%8.93%13.61%10.36%
BGDV SHARE PRICE13.73%-0.52%2.19%8.99%13.73%10.44%
S&P 500 TR17.88%0.06%2.66%11.00%17.88%13.26%
as of 01/31/2026
YTD1 Months3 Months6 Months1 YearSince Inception
BGDV NAV2.99%2.99%6.49%11.22%12.92%12.41%
BGDV SHARE PRICE2.91%2.91%6.40%11.29%12.87%12.42%
S&P 500 TR1.45%1.45%1.76%10.13%16.35%13.64%
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling (855) 994-1711. Short term performance, in particular, is not a good indication of the fund’s 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 share’s portion of the fund’s underlying assets and cash at the end of the trading day.

Top Holdings
as of 02/19/2026
As of 02/19/2026

Name Symbol/Ticker Cusip Quantity Weight (%)
United States Treasury Bill 04/16/2026912797QD2912797QD231,0000.00%
United States Treasury Bill 04/28/2026912797TK3912797TK315,0000.00%
United States Treasury Bill 04/23/2026912797SM0912797SM079,0000.01%
United States Treasury Bill 04/30/2026912797SN8912797SN891,0000.01%
United States Treasury Bill 05/14/2026912797QN0912797QN0383,0000.05%
Cash & OtherCash&OtherCash&Other536,0260.07%
Procter & Gamble Co/ThePG74271810923,6740.49%
CME Group IncCME12572Q10513,9660.56%
Evercore IncEVR29977A10515,9240.70%
KKR & Co IncKKR48251W10468,0220.93%
Accenture PLCACNG1151C10133,5900.99%
Linde PLCLING5495010315,9901.02%
Broadridge Financial Solutions IncBR11133T10344,2661.04%
Avery Dennison CorpAVY05361110944,1581.14%
Chevron CorpCVX16676410047,4361.15%
RB Global IncRBA74935Q10784,3781.20%
Hubbell IncHUBB44351060718,8961.30%
FERRARI NVRACEN3167Y10327,9541.35%
CMS Energy CorpCMS125896100142,8471.42%
SempraSRE816851109118,3531.43%
Apollo Global Management IncAPO03769M10688,5361.46%
Carlisle Cos IncCSL14233910027,2401.46%
Walmart IncWMT93114210390,9081.52%
Home Depot Inc/TheHD43707610232,6721.65%
Analog Devices IncADI03265410536,9811.69%
Microsoft CorpMSFT59491810432,0761.69%
L3Harris Technologies IncLHX50243110938,6631.80%
Cboe Global Markets IncCBOE12503M10848,1741.81%
ENCOMPASS HEALTH CORPEHC29261A100126,9561.83%
UnitedHealth Group IncUNH91324P10248,2101.83%
Snap-on IncSNA83303410137,1671.89%
Amphenol CorpAPH03209510199,5171.94%
Travelers Cos Inc/TheTRV89417E10949,3341.94%
Carrier Global CorpCARR14448C104243,2292.07%
Mondelez International IncMDLZ609207105271,0472.15%
NextEra Energy IncNEE65339F101188,5412.27%
JPMORGAN CHASE & CO.JPM46625H10055,9992.28%
Reinsurance Group of America IncRGA75935160478,8912.32%
Waste Management IncWM94106L10975,5692.33%
Meta Platforms IncMETA30303M10228,2332.40%
Parker-Hannifin CorpPH70109410418,2032.40%
Hartford Insurance Group Inc/TheHIG416515104134,2962.50%
Victory Capital Holdings IncVCTR92645B103252,3112.52%
Targa Resources CorpTRGP87612G10190,3912.72%
Cintas CorpCTAS172908105105,7742.74%
Williams Cos Inc/TheWMB969457100293,4652.79%
Alphabet IncGOOGL02079K30573,3922.94%
TJX Cos Inc/TheTJX872540109144,0682.99%
AbbVie IncABBV00287Y10999,2523.00%
Western Digital CorpWDC95810210576,6893.00%
Motorola Solutions IncMSI62007630765,1853.89%
Eli Lilly & CoLLY53245710830,6334.13%
Broadcom IncAVGO11135F101113,9635.02%
Taiwan Semiconductor Manufacturing Co LtdTSM874039100129,3166.18%
Holdings are subject to change without notice

Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income $/Share
01/29/202601/29/202602/02/2026$0.006611$0.006611
12/31/202512/31/202501/05/2026$0.040845$0.040845
11/26/202511/26/202512/01/2025$0.023109$0.023109
10/30/202510/30/202511/03/2025$0.018398$0.018398
09/29/202509/29/202510/01/2025$0.036478$0.036478
08/28/202508/28/202509/02/2025$0.016481$0.016481
07/30/202507/30/202508/01/2025$0.020760$0.020760
06/27/202506/27/202507/01/2025$0.036385$0.036385
05/29/202505/29/202506/02/2025$0.016602$0.016602
04/29/202504/29/202505/01/2025$0.019883$0.019883
03/28/202503/28/202504/01/2025$0.051250$0.051250
02/27/202502/27/202503/03/2025$0.014196$0.014196
01/30/202501/30/202502/03/2025$0.014091$0.014091
12/31/202412/31/202401/03/2025$0.022454$0.022454

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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) 994-1711 or click here. Read the prospectus or summary prospectus carefully before investing.

As with all ETFs, Shares may be bought and sold in the secondary market at market prices.

The S&P 500 Index tracks the total return of about 500 of the largest publicly listed U.S. companies, as measured by market capitalization.  It is not possible to invest directly in an index.

American Depositary Receipts (“ADRs) are negotiable certificates issued by a U.S. financial institution that represent a specified number of shares in a foreign stock and trade on a U.S. national securities exchange.

Fund Risks

Investing in ETFs involves additional risks such as the market price of the shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares.

New Fund Risk. The Fund is a recently organized investment company with a limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decision.

REIT Investment Risk. Investments in REITs involve unique risks. REITs may have limited financial resources, may trade less frequently and in limited volume, and may be more volatile than other securities.

Investments involve risk. Principal loss is possible.

Distributed by Quasar Distributors, LLC



* Represents the Unsubsidized Yield. The 30-day SEC Yield for an Exchange-Traded Fund (ETF) is a standardized yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that reflects the income earned by the fund's portfolio over the past 30 days, net of expenses. It is calculated by taking the fund's net investment income, including interest and dividends, and dividing it by the fund's average net assets over the previous 30 days. This yield calculation provides investors with a snapshot of the fund's income-generating potential, taking into account expenses that impact yields, such as management fees and other operating costs. It is calculated by our Fund Administrator, US Bank. The unsubsidized yield figure reflects the dividends and interest earned during the period, after the deduction of the fund’s expenses.

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