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.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Finance
Cash
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CVRD assets under management is 45.19 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CVRD invests in stocks. See more details in our Analysis section.
CVRD expense ratio is 0.99%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CVRD isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, CVRD pays dividends to its holders with the dividend yield of 6.36%.
CVRD shares are issued by Madison Investment Holdings, Inc.
CVRD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 21, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.