Key stats
About Madison Covered Call ETF
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Inception date
Aug 21, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Madison Asset Management LLC
Distributor
MFD Distributor LLC
ISIN
US5574414091
CVRD aims to achieve steady returns and high income by focusing on dividend-paying US equity securities of large- and mid-cap companies. These firms are characterized by their financial strength and reasonable pricing based on long-term earnings growth. Additionally, the fund utilizes a strategy of selling, or writing, in-the-money covered call and put options on a sizeable segment of its portfolio. This serves as a partial buffer to mitigate the negative impacts of price declines. CVRD follows the Advisers Participate and Protect philosophy, which seeks to optimize investor exposure, providing some participation during bullish markets while limiting downside in bearish ones. However, it is important to note that while this conservative strategy aims to mitigate risk, it does not guarantee specific outcomes or complete risk elimination.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Cash
Stocks81.57%
Finance12.01%
Technology Services8.75%
Retail Trade6.55%
Electronic Technology6.35%
Commercial Services6.22%
Consumer Non-Durables5.65%
Health Technology5.61%
Transportation4.15%
Producer Manufacturing3.63%
Energy Minerals3.51%
Non-Energy Minerals3.26%
Utilities3.09%
Consumer Services3.08%
Communications2.80%
Process Industries2.48%
Health Services1.52%
Industrial Services1.41%
Bonds, Cash & Other18.43%
Cash20.32%
Rights & Warrants−1.89%
Stock breakdown by region
North America94.78%
Europe5.22%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CVRD invests in stocks. The fund's major sectors are Finance, with 12.24% stocks, and Technology Services, with 8.92% of the basket. The assets are mostly located in the North America region.
CVRD last dividends amounted to 0.30 USD. The quarter before, the issuer paid 0.30 USD in dividends,
CVRD assets under management is 45.03 M USD. It's fallen 2.58% over the last month.
CVRD fund flows account for −26.26 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CVRD pays dividends to its holders with the dividend yield of 6.35%. The last dividend (Jun 30, 2025) amounted to 0.30 USD. The dividends are paid quarterly.
CVRD shares are issued by Madison Investment Holdings, Inc. under the brand Madison. The ETF was launched on Aug 21, 2023, and its management style is Active.
CVRD expense ratio is 0.99% meaning you'd have to pay 0.99% of your investment to help manage the fund.
CVRD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CVRD invests in stocks.
CVRD price has fallen by −1.53% over the last month, and its yearly performance shows a −4.42% decrease. See more dynamics on CVRD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.46% over the last month, showed a 3.38% increase in three-month performance and has increased by 3.25% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.46% over the last month, showed a 3.38% increase in three-month performance and has increased by 3.25% in a year.
CVRD trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.