Veteran wealth manager David Bahnsen launches TBG, an
exchange-traded fund that gives investors exposure to companies
that have a long history of growing their dividend
The Bahnsen Group (TBG), a wealth management firm with $4.6
billion in assets under management, today announced the launch of
the TBG Dividend Focus ETF (NYSE: TBG), a diversified actively
managed exchange-traded fund that invests in publicly traded
companies that have a long history of growing their dividend.
While dividends are an important ingredient for investment
performance, the growth of the dividend is even more important, as
companies that consistently grow their dividends provide investors
with extra income and the potential for supercharged compounding
interest. A company’s ability to grow its dividend consistently
over time is also a strong indicator of its financial health.
“It is not nearly enough for a company to simply pay a dividend
to shareholders. That dividend should be growing each and every
year and far too many investors only pay attention to the dividend
and not its growth rate,” said David Bahnsen, founder, managing
partner, and chief investment officer of The Bahnsen Group, and
portfolio manager of the TBG Dividend Focus ETF. “Dividend growth
speaks volumes about the financial well-being and sustainability of
a company and we want nothing to do with companies whose dividend
is in jeopardy.”
TBG, which does not track any index, generally invests in 25 to
35 small-, mid- and large-cap companies that are primarily
U.S.-based. The companies will generally maintain a dividend yield
greater than the S&P 500’s average dividend yield with
preference for companies that have grown their dividends by more
than 5% per year over a five-to-seven year market cycle.
Companies are selected using bottom-up fundamental analysis,
which includes criteria such as balance sheet strength, earnings
growth, leverage ratios, free cash flows and payout ratios, and the
rate at which a company distributes earnings to shareholders. The
company’s management team and its track record of strategically
allocating company capital is also considered.
Companies in TBG are sold if their dividend declines notably, if
the investment thesis for the company crumbles, or if the company’s
management fails to maintain or grow its dividend.
“Selectivity is critical in dividend growth investing, as not
all dividends are created equal,” Bahnsen added. “We pride
ourselves on the rigorous research-based approach to our dividend
growth investing philosophy, which centers on meticulously
examining a company’s financials and fundamentals. We strongly
embrace diligence and homework.”
For more information, please visit
www.tbgdividendgrowth.com.
The Bahnsen Group will serve as portfolio manager for the fund
under Madison Avenue Financial Solutions LLC as sub-advisor.
Empowered Funds dba EA Advisors is Fund Advisor.
About The Bahnsen Group
The Bahnsen Group is a national wealth management firm with $4.6
billion in assets under management and seven U.S. office locations
(Newport Beach, California; New York City; Minneapolis; Nashville;
Bend, Oregon; Austin, TX; and Phoenix, AZ).
The Bahnsen Group was founded in April 2015 by David L. Bahnsen,
who previously spent eight years as a Chairman’s Club Managing
Director at Morgan Stanley and seven years as a First Vice
President at UBS Financial Services. Mr. Bahnsen was ranked #1 in
Southern California (Private Wealth) on the annual Forbes/SHOOK
Best-In-State Wealth Advisors list of 2023.
Mr. Bahnsen serves on the Board of Directors for the National
Review Institute and is a Founding Trustee for Pacifica Christian
High School of Orange County. He is the author of several
best-selling books including Crisis of Responsibility: Our Cultural
Addiction to Blame and How You Can Cure It (2018), The Case for
Dividend Growth: Investing in a Post-Crisis World (2019), and
There's No Free Lunch: 250 Economic Truths (2021). His next book
Full-Time: Work and the Meaning of Life is expected to be published
in February 2024 by Post Hill Press.
With 60 team members, The Bahnsen Group serves multiple market
segments and has a special focus on dividend growth equity
investing. They seek to create abundant intellectual capital for
their clients and take particular pride in their significant focus
on thought leadership and content creation.
HighTower Advisors, LLC is a SEC registered investment advisor.
Securities offered through HighTower Securities, LLC member
FINRA/SIPC.
Disclaimers
The Fund’s investment objectives, risks, charges and expenses
must be considered carefully before investing. This and other
important information is contained in the prospectus, which may be
obtained by following the links Prospectus and SAI or by calling
+1.215.882.9983. Please read the prospectus carefully before
investing.
Investments involve risk. Principal loss is possible.
The Fund is actively-managed and is subject to the risk that the
strategy may not produce the intended results. The Fund is new and
has a limited operating history to evaluate.
ETFs may trade at a premium or discount to their net asset
value. ETF shares may only be redeemed at NAV by authorized
participants in large creation units. There can be no guarantee
that an active trading market for shares will exist. The trading of
shares may incur brokerage.
New Fund Risk. The Fund is a recently organized management
investment company with no operating history. As a result,
prospective investors have no track record or history on which to
base their investment decision. There can be no assurance that the
Fund will grow to or maintain an economically viable size. Small-
and Mid-Capitalization Companies Risk. The securities of small- and
mid-capitalization companies may be more vulnerable to adverse
issuer, market, political, or economic developments than securities
of large-capitalization companies.
The securities of small- and mid-capitalization companies
generally trade in lower volumes and are subject to greater and
more unpredictable price changes than larger capitalization stocks
or the stock market as a whole.
This material has been distributed for informational purposes
only and should not be considered as investment advice or a
recommendation of any particular security, strategy or investment
product. We make no representation or warranty as to the accuracy
or completeness of the information contained herein including
third-party data sources. The views expressed are as of the
publication date and subject to change at any time. No part of this
material may be reproduced in any form, or referred to in any other
publication without express written permission. References to other
funds should not to be interpreted as an offer or recommendation of
these securities.
The Fund is distributed by Quasar Distributors, LLC. The fund’s
investment advisor is Empowered Funds, LLC, which is doing business
as EA Advisers.
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Media Scott Gamm Strategy Voice Associates
scott@strategyvoiceassociates.com
EA Series Trust (NYSE:TBG)
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