CVRD vs. DIVL ETF Comparison

Comparison of Madison Covered Call ETF (CVRD) to Madison Dividend Value ETF (DIVL)

CVRD

Madison Covered Call ETF

CVRD Description

The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies.

Grade (RS Rating)

Last Trade

$19.58

Average Daily Volume

6,650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVL

Madison Dividend Value ETF

DIVL Description

The fund seeks to achieve its investment objective by investing in equity securities of companies with a market capitalization of over $1 billion and a history of paying dividends, with the ability to increase dividends over time. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in dividend paying equity securities. The fund may also invest up to 50% of its common stock allocation in foreign securities, including ADRs and emerging market securities.

Grade (RS Rating)

Last Trade

$22.53

Average Daily Volume

2,676

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVRD	DIVL
30 Days	0.26%	1.65%
60 Days	1.28%	4.77%
90 Days	1.98%	5.98%
12 Months	8.96%	21.78%

15 Overlapping Holdings

Symbol	Grade	Weight in CVRD	Weight in DIVL	Overlap
ABT	B	2.55%	1.25%	1.25%
AMT	C	1.67%	2.58%	1.67%
APD	A	2.37%	2.29%	2.29%
CMCSA	B	2.81%	2.82%	2.81%
CME	B	3.69%	2.63%	2.63%
COP	C	1.32%	2.57%	1.32%
FAST	B	1.26%	4.53%	1.26%
HON	C	2.35%	3.92%	2.35%
HPE	B	1.54%	2.65%	1.54%
JNJ	C	1.47%	2.77%	1.47%
LOW	C	1.7%	3.29%	1.7%
MDT	D	2.82%	2.64%	2.64%
PEP	F	1.67%	1.32%	1.32%
TXN	C	1.77%	3.85%	1.77%
UNP	C	1.52%	2.74%	1.52%

CVRD Overweight 27 Positions Relative to DIVL

Symbol	Grade	Weight
CSCO	B	3.92%
LVS	B	3.7%
GOOG	C	3.44%
ADBE	C	3.24%
V	A	3.17%
PYPL	B	3.02%
STZ	D	2.89%
TMUS	B	2.59%
MSFT	D	2.49%
ACN	B	2.33%
AES	F	2.19%
A	D	2.18%
UPS	C	2.1%
AMZN	C	2.08%
EMR	B	2.04%
MCHP	F	2.04%
ADM	D	1.98%
AMD	F	1.86%
LH	B	1.72%
MTDR	B	1.6%
APH	A	1.57%
GLW	B	1.43%
DHR	F	1.42%
ROST	D	1.03%
RIG	D	0.83%
DLTR	F	0.8%
APA	D	0.66%

CVRD Underweight 21 Positions Relative to DIVL

Symbol	Grade	Weight
MS	A	-4.78%
ADP	A	-4.51%
BLK	B	-3.99%
HD	B	-3.83%
ABBV	F	-3.54%
JPM	A	-3.52%
EOG	A	-3.17%
CVX	A	-3.1%
NEE	C	-2.69%
BAC	A	-2.61%
USB	A	-2.54%
MKC	C	-2.35%
D	C	-2.28%
CMI	A	-2.16%
DGX	A	-2.02%
XOM	B	-1.91%
PG	C	-1.41%
NKE	F	-1.36%
DE	B	-1.14%
PAYX	B	-1.13%
CL	D	-0.99%