# Morgan Dempsey Large Cap Value ETF (MDLV): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mdlv for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Morgan Dempsey · Asset class: Equity - Strategy: Actively Managed · Inception: 2023-04-25 This actively managed exchange-traded fund (ETF) aims to achieve its investment goals by investing in dividend-distributing companies that its sub-adviser, Morgan Dempsey Capital Management, LLC, deems to be attractively valued. Normally, at least 80% of the fund's net assets will be allocated to equity securities of large-capitalization companies, specifically defined as firms with a market capitalization exceeding $25 billion. ## Key Facts | Metric | Value | |---|---| | Price | $31.69 | | Expense Ratio | 0.58% | | Assets Under Management | $47.6M | | NAV | $31.71 | | Holdings Count | 0 | | Distribution Yield (TTM) | 2.57% | | Annual Distribution (TTM) | $0.82 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $27.40 – $32.17 | | Beta | 0.41 | ## Latest Distribution - Amount: $0.1882 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does MDLV invest in? This actively managed exchange-traded fund (ETF) aims to achieve its investment goals by investing in dividend-distributing companies that its sub-adviser, Morgan Dempsey Capital Management, LLC, deems to be attractively valued. Normally, at least 80% of the fund's net assets will be allocated to equity securities of large-capitalization companies, specifically defined as firms with a market capitalization exceeding $25 billion. ### What is the expense ratio of MDLV? Morgan Dempsey Large Cap Value ETF (MDLV) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MDLV? Morgan Dempsey Large Cap Value ETF (MDLV) manages $47.6M 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 MDLV actively managed or an index fund? MDLV is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MDLV's is 0.58%) in exchange for the discretion to over- or under-weight positions. ### When was MDLV launched? Morgan Dempsey Large Cap Value ETF (MDLV) launched in April 2023 and is managed by Morgan Dempsey. ### How has MDLV performed? MDLV'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. ### Does MDLV pay a dividend? Morgan Dempsey Large Cap Value ETF (MDLV) currently distributes little or no income. Trailing-twelve-month yield is 2.57%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MDLV pay dividends? Morgan Dempsey Large Cap Value ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MDLV's dividend yield? MDLV's trailing-twelve-month yield is 2.57%, calculated from the sum of dividends over the past year divided by the current price. ### When is MDLV's next ex-dividend date? The most recently announced ex-dividend date for MDLV was 2026-09-28. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will MDLV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.58% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MDLV charge its expense ratio? The expense ratio is deducted in tiny daily slices from MDLV's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MDLV cost more than a fund like VOO? MDLV is actively managed (current expense ratio 0.58%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MDLV's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MDLV? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MDLV (0.58%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mdlv - Distribution history: https://www.dividenddata.com/funds/mdlv/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mdlv/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mdlv/expenses - Peer comparison: https://www.dividenddata.com/funds/mdlv/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.