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

59.0 M

ASSETS UNDER MGMT

65 bp

EXPENSES
Fund Basics
Fund sponsorMadison Investment Holdings, Inc.
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateAug 15, 2023
Assets (mns)$59
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsMonthly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
FASTENAL CO 4.0 %
AUTOMATIC DATA PROCESSING 4.0 %
HOME DEPOT INC 4.0 %
HONEYWELL INTERNATIONAL INC 3.9 %
BLACKROCK INC 3.8 %
CME GROUP INC 3.8 %
TEXAS INSTRUMENTS INC 3.7 %
MORGAN STANLEY 3.6 %
JPMORGAN CHASE & CO 3.6 %
LOWE'S COS INC 3.2 %
Constituent Breakdown
Number of holdings40
Herfindahl-Hirschman Index 283
Wgt avg mkt cap (mns)$190,002
Large cap (>$10bn)98.7%
Mid cap ($2-10bn)1.3%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 94.3 %
IRELAND 3.6 %
CANADA 1.6 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 16.3% 22.3% -- -- -- -- 19.9%
Volatility 10.5% 10.7% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7154%
MSCI EAFE0.5957%
MSCI Emg Mkts0.4222%
Liquidity Measures
Avg. volume (000)5
Turnover0.2%
Avg. Bid/Ask (% of price)0.59%
ADV of underlying (mns)$20,944
Technical Indicators
Recent close$22.06
30d moving avg.$21.93
Annualized volatility11.5%
Relative strength (RSI)56
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: DIVL vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
2.9 17.3 3.0 2.8% --
Based on closing prices from 12/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DIVL



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

5.8%

Cat. Avg

4.1%


ALTAR Score™ Calculation

Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™ of 4.1% and a standard deviation of 4.6%. DIVL's ALTAR Score™ is approximately 0.4 standard deviations above the category average. This places DIVL in the 65th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

DIVL
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Global Equity ETFs
# of ETFs 118
Avg. Expense Ratio 73.5 bp
Std. Deviation 29.8 bp
DIVL (65 bp) Percentile rank 41
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DIVL 65.0 58.5 123.5
Peer Avg. 67.8 31.7 99.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .