Key stats
About Madison Dividend Value ETF
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Inception date
Aug 15, 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
US5574415080
DIVL is an active take on the global, dividend-paying equity market. Specifically selecting those with above-market dividend yield and growth potential. The funds adviser uses a relative dividend yield strategy, which compares the stock's dividend yield versus a broad market index. To be eligible, securities must trade near or within their five-year highest historical dividend yield range relative to the S&P 500 Index (SPX). Generally, 50% of the stocks selected are rated above A- by S&P. The high-conviction portfolio concentrates on 30 to 60 companies with strong balance sheets and a dividend yield of at least 10% above the SPX. Although the fund is equity-focused, it is actively managed and may invest up to 20% of its assets in preferred stocks and investment grade, fixed-income securities. Exposure to foreign securities is capped at 50%.
Related funds
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Health Technology
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.
DIVL assets under management is 61.22 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.
DIVL invests in stocks. See more details in our Analysis section.
DIVL expense ratio is 0.65%. 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, DIVL 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, DIVL pays dividends to its holders with the dividend yield of 1.89%.
DIVL shares are issued by Madison Investment Holdings, Inc.
DIVL 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 15, 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.