CVRD Madison Covered Call ETF
Quote as of Aug 24, 2026 15:16 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 18.95 | Day Range | 18.90 – 18.91 |
| 52-Week Range | 17.56 – 22.40 | Volume | 14 |
| Avg Volume | 2.30K | AUM | $32.8M (Aug 27, 2026) |
| Expense Ratio | 0.92% | Yield (TTM) | 7.42% |
| NAV | 18.89 | Premium/Discount | +0.04% indicative |
| Inception | Aug 21, 2023 | Holdings | 87 |
| Issuer | Madison Funds | Exchange | AMEX |
| Category | Covered Call | Index Tracked | Not stated in source data |
| CUSIP | 557441409 | ISIN | US5574414091 |
| Structure | Option Income | ||
| Management | Not stated in source data | ||
About this ETF
The Madison Covered Call ETF strives to deliver reliable overall investment performance. A secondary goal is to generate substantial income through both company dividends and the premiums earned from option trading. To achieve these aims, the fund initially allocates capital to shares of well-established large and mid-sized companies, specifically those believed to be trading at an attractive price when compared to their future growth prospects. Following this, the ETF systematically sells covered call options on a significant portion of these underlying stock investments, typically under normal market circumstances.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +5.30% | +1.51% | +0.65% | +2.67% | -0.98% | -1.99% | — | — | -1.89% |
| Total return | +5.29% | +3.22% | +4.07% | +6.17% | +6.95% | +7.38% | — | — | +7.45% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.92% | Annual cost of a $10,000 investment | $92.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 51 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | US BANK MMDA - USBGFS 9 09/01/2037 | 8AMMF0JA0 | 10.61% | 3.36M | $3.4M |
| 2 | Danaher Corp | DHR | 4.97% | 7.20K | $1.6M |
| 3 | Agilent Technologies Inc | A | 4.76% | 9.50K | $1.5M |
| 4 | Amazon.com Inc | AMZN | 4.40% | 5.40K | $1.4M |
| 5 | Visa Inc | V | 3.98% | 3.40K | $1.3M |
| 6 | Adobe Inc | ADBE | 3.82% | 4.40K | $1.2M |
| 7 | Blackrock Inc | BLK | 3.65% | 1.00K | $1.2M |
| 8 | Union Pacific Corp | UNP | 3.59% | 3.70K | $1.1M |
| 9 | Transocean Ltd | RIG | 3.55% | 190.00K | $1.1M |
| 10 | Matador Resources Co | MTDR | 3.50% | 19.00K | $1.1M |
| 11 | Broadcom Inc | AVGO | 3.49% | 3.00K | $1.1M |
| 12 | PayPal Holdings Inc | PYPL | 3.30% | 17.00K | $1.0M |
| 13 | Salesforce Inc | CRM | 3.30% | 5.00K | $1.0M |
| 14 | Marsh & McLennan Cos Inc | MRSH | 3.27% | 5.40K | $1.0M |
| 15 | PepsiCo Inc | PEP | 3.26% | 7.20K | $1.0M |
| 16 | AMERICAN TOWER CORP | AMT | 3.22% | 5.80K | $1.0M |
| 17 | T-Mobile US Inc | TMUS | 3.12% | 5.40K | $988.4K |
| 18 | Newmont Corp | NEM | 3.11% | 7.50K | $986.9K |
| 19 | Accenture PLC | ACN | 3.10% | 5.30K | $982.0K |
| 20 | Lowe's Cos Inc | LOW | 2.93% | 4.30K | $929.2K |
| 21 | Labcorp Holdings Inc | LH | 2.65% | 2.50K | $840.9K |
| 22 | Meta Platforms Inc | META | 2.60% | 1.50K | $824.9K |
| 23 | Fiserv Inc | FISV | 2.57% | 15.50K | $815.0K |
| 24 | Comcast Corp | CMCSA | 2.57% | 30.30K | $813.6K |
| 25 | Constellation Brands Inc | STZ | 2.48% | 5.80K | $786.8K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 7.42% | Paid (last 12 months) | $1.4055 |
| Frequency | Quarterly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Jun 26, 2026 | Last payment | $0.3000 (Jun 30, 2026) |
| Growth 1Y | +2.50% | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Jun 26, 2026 | Jun 26, 2026 | Jun 30, 2026 | $0.3000 |
| Mar 27, 2026 | Mar 27, 2026 | Mar 31, 2026 | $0.3000 |
| Dec 26, 2025 | Dec 26, 2025 | Dec 30, 2025 | $0.5055 |
| Sep 26, 2025 | Sep 26, 2025 | Sep 29, 2025 | $0.3000 |
| Jun 26, 2025 | Jun 26, 2025 | Jun 30, 2025 | $0.3000 |
| Mar 27, 2025 | Mar 27, 2025 | Mar 31, 2025 | $0.3000 |
| Dec 26, 2024 | Dec 26, 2024 | Dec 27, 2024 | $0.4712 |
| Sep 26, 2024 | Sep 26, 2024 | Sep 30, 2024 | $0.3000 |
| Jun 26, 2024 | Jun 26, 2024 | Jun 28, 2024 | $0.8223 |
| Mar 26, 2024 | Mar 27, 2024 | Mar 28, 2024 | $1.3535 |
| Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.3042 |
| Sep 26, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.0071 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 9.62% / 11.61% | Sharpe 1Y / 3Y | 0.39 / 0.382 |
| Max drawdown 1Y / 3Y | -5.68% / -17.90% | Sortino 1Y | 0.55 |
| Beta vs S&P 500 (3Y) | 0.607 | Correlation vs S&P 500 (1Y) | 0.548 |
| Downside deviation 1Y | 6.83% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 14 | Average volume | 2.30K |
| AUM | $32.8M | Premium/Discount | +0.04% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $32.8M → $32.8M |
| 1 Week | -$56.1K | -0.17% | $32.8M → $32.8M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for CVRD
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.