DIVL
Madison Dividend Value ETF
DIVL uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued.
Global
EQUITY
Active
MANAGEMENT STYLE
61.0 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Madison Investment Holdings, Inc. |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 15, 2023 |
| Assets (mns) | $61 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JOHNSON & JOHNSON | 4.7 % |
| BANK OF AMERICA CORP | 4.4 % |
| TE CONNECTIVITY | 4.3 % |
| NEXTERA ENERGY GROUP | 4.3 % |
| CME GROUP INC | 3.9 % |
| EXXON MOBIL CORP | 3.8 % |
| CHEVRON CORP | 3.8 % |
| BLACKROCK INC | 3.6 % |
| MEDTRONIC PLC | 3.6 % |
| MORGAN STANLEY | 3.6 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 306 |
| Wgt avg mkt cap (mns) | $195,497 |
| Large cap (>$10bn) | 92.5% |
| Mid cap ($2-10bn) | 2.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.5 % |
 |
IRELAND | 7.9 % |
 |
CANADA | 2.2 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.3% | 0.8% | 9.9% | -- | -- | -- | -- | 6.7% |
| Dividend Yield | 1.9% | 2.1% | 2.4% | -- | -- | -- | -- | 2.3% |
| Total Returns | 10.1% | 2.9% | 12.3% | -- | -- | -- | -- | 9.1% | Ann. Volatility | 14.9% | 14.7% | 12.8% | -- | -- | -- | -- | 12.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 66% |
| MSCI EAFE | 0.66 | 57% |
| MSCI Emg Mkts | 0.51 | 38% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| 30d moving avg. (EMA) | $22.63 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.00/-0.06 |
| Bollinger Bands (Upper/Lower) | $23.02/$22.06 |
| Short interest (% of AUM) | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DIVL |
Expenses vs. DIVL |
ALTAR Score™ vs. DIVL |
|---|---|---|---|---|
| MGV | Vanguard Mega Cap Value ETF | 32.6% | -58 bp | +6.4% |
| DIVN | Horizon Dividend Income ETF | 32.2% | +5 bp | +7.8% |
| DGRO | iShares Core Dividend Growth ETF | 32.1% | -57 bp | +6.5% |
| BGIG | Bahl & Gaynor Income Growth ETF | 31.4% | -20 bp | +5.1% |
| DURA | VanEck Durable High Dividend ETF | 31.3% | -36 bp | +7.3% |
| HDV | iShares Core High Dividend ETF | 30.7% | -57 bp | +7.0% |
| PWV | Invesco Large Cap Value ETF | 30.1% | -10 bp | +7.4% |
| VYM | Vanguard High Dividend Yield Index ETF | 29.7% | -59 bp | +6.9% |
| SNPV | Xtrackers S&P 500 Value ESG ETF | 29.2% | -50 bp | +6.8% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 29.1% | -37 bp | +5.9% |
Risk and Returns: DIVL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/1/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
DIVL
5.9%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 378 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. DIVL's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places DIVL in the 71st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DIVLSELL
U/W
HOLD
O/W
BUY