Madison Dividend Value ETF

Frequently Asked Questions About DIVL

What does DIVL invest in?

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.

What is the expense ratio of DIVL?

Madison Dividend Value ETF (DIVL) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DIVL?

Madison Dividend Value ETF (DIVL) manages $61.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DIVL actively managed or an index fund?

DIVL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was DIVL launched?

Madison Dividend Value ETF (DIVL) launched in August 2023 and is managed by Madison Funds.

How has DIVL performed?

DIVL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.