TBG Dividend Focus ETF Cuts Fees Through November 2027

The TBG Dividend Focus ETF (TBG) will lower its net expense ratio from 0.59% to 0.45% effective June 8, 2026, following a contractual management fee waiver by the fund’s adviser. The fee reduction will remain in place through November 30, 2027, unless ended earlier by the Board. The waiver is not subject to future recoupment. Updated cost estimates show a $46 expense on a $10,000 investment over one year, improving the fund’s cost competitiveness and reducing the ongoing expense burden for shareholders.