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.
Fund Basics
Fund sponsor | Madison Investment Holdings, Inc. |
Category | Global Equities |
Asset class | Equity |
Website | link... |
Inception date | Aug 15, 2023 |
Assets (mns) | $64 |
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 +
FASTENAL CO | 4.1 % |
EOG RESOURCES, INC. | 4.1 % |
ABBVIE INC | 3.9 % |
AUTOMATIC DATA PROCESSING | 3.7 % |
CME GROUP INC | 3.6 % |
MORGAN STANLEY | 3.6 % |
MEDTRONIC PLC | 3.6 % |
BANK OF AMERICA CORP | 3.5 % |
HOME DEPOT INC | 3.5 % |
CHEVRON CORP | 3.4 % |
Constituent Breakdown
Number of holdings | 37 |
Herfindahl-Hirschman Index | 299 |
Wgt avg mkt cap (mns) | $184,879 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 93.5 % | |
IRELAND | 3.6 % | |
BRITAIN | 2.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
6.0% | -- | -- | -- | -- | -- | 12.8% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.00 | 0% |
MSCI EAFE | 0.00 | 0% |
MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
Avg. volume (000) | 8 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.22% |
ADV of underlying (mns) | $26,066 |
Technical Indicators
Recent close | $19.96 |
30d moving avg. | $18.99 |
Annualized volatility | 0.0% |
Relative strength (RSI) | 70 |
Short interest (ETF) | 0.2% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. DIVL |
Expenses vs. DIVL |
ALTAR Score™ vs. DIVL |
---|---|---|---|---|
PWV | Invesco Large Cap Value ETF | 39.3% | -10 bp | +1.6% |
PZLD | Puzzle Divdend Leaders | 37.4% | -65 bp | +1.4% |
DGRO | iShares Core Dividend Growth ETF | 34.5% | -57 bp | +0.4% |
VYM | Vanguard High Dividend Yield Index ETF | 34.1% | -59 bp | +1.3% |
DIVB | iShares Core Dividend ETF | 32.4% | -60 bp | +1.9% |
MGV | Vanguard Mega Cap Value ETF | 31.3% | -58 bp | +0.7% |
DLN | WisdomTree U.S. LargeCap Dividend Fund | 31.3% | -37 bp | +0.1% |
SCHD | Schwab US Dividend Equity ETF | 29.8% | -59 bp | +3.5% |
IWX | iShares Russell Top 200 Value ETF | 29.1% | -45 bp | +0.4% |
SHRY | First Trust Bloomberg Shareholder Yield ETF | 27.8% | -5 bp | +0.8% |
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
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 | --% |
Based on closing prices from 5/2/2024
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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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DIVL
6.2%
Cat. Avg
3.6%
Fund Category: Global Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 6.2% |
Recommendation
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.
Category Overview
There are 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
4.9%. DIVL's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places DIVL in the 70th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DIVL
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DIVL | 65.0 | 22.1 | 87.1 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .