Madison Covered Call ETF (CVRD)

Assets	$36.94M
Expense Ratio	0.92%
PE Ratio	18.62
Shares Out	1.96M
Dividend (ttm)	$1.41
Dividend Yield	7.47%
Ex-Dividend Date	Dec 26, 2025
Payout Frequency	Quarterly
Payout Ratio	139.02%

Volume	218
Open	18.91
Previous Close	18.90
Day's Range	18.82 - 18.91
52-Week Low	15.61
52-Week High	22.40
Beta	0.57
Holdings	69
Inception Date	Aug 22, 2023

About CVRD

Fund Home Page

The Madison Covered Call ETF (CVRD) is an exchange-traded fund that mostly invests in total market equity. The fund focuses on income generation by investing in US large- and mid-cap stocks that pay dividends, combined with an option writing strategy. The fund is actively managed CVRD was launched on Aug 22, 2023 and is issued by Madison.

• Asset Class: Equity
• Category: Derivative Income
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: CVRD
• ETF Provider: Madison

Top 10 Holdings

39.93% of assets

Name	Symbol	Weight
Danaher Corporation	DHR	4.66%
Accenture plc	ACN	4.16%
Microsoft Corporation	MSFT	4.12%
The AES Corporation	AES	4.11%
Microchip Technology Incorporated	MCHP	4.06%
Lowe's Companies, Inc.	LOW	4.04%
Amazon.com, Inc.	AMZN	3.86%
Agilent Technologies, Inc.	A	3.77%
Adobe Inc.	ADBE	3.64%
US BANK MMDA - USBGFS 9	n/a	3.49%

Dividends

Ex-Dividend	Amount	Pay Date
Dec 26, 2025	$0.50548	Dec 30, 2025
Sep 26, 2025	$0.300	Sep 30, 2025
Jun 26, 2025	$0.300	Jun 30, 2025
Mar 27, 2025	$0.300	Mar 31, 2025
Dec 26, 2024	$0.4712	Dec 27, 2024
Sep 26, 2024	$0.300	Sep 30, 2024

Performance

CVRD had a total return of 8.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.46%.