Madison Covered Call ETF (CVRD)

Assets	$36.27M
Expense Ratio	0.92%
PE Ratio	18.33
Shares Out	1.96M
Dividend (ttm)	$1.41
Dividend Yield	7.51%
Ex-Dividend Date	Dec 26, 2025
Payout Frequency	Quarterly
Payout Ratio	137.59%

Volume	26
Open	18.72
Previous Close	18.55
Day's Range	18.72 - 18.72
52-Week Low	15.61
52-Week High	22.40
Beta	0.57
Holdings	66
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

45.22% of assets

Name	Symbol	Weight
US BANK MMDA - USBGFS 9	n/a	10.84%
The AES Corporation	AES	4.64%
Microchip Technology Incorporated	MCHP	4.30%
Danaher Corporation	DHR	4.28%
ASML Holding N.V.	ASML	3.72%
Honeywell International Inc.	HON	3.61%
Microsoft Corporation	MSFT	3.58%
Archer-Daniels-Midland Company	ADM	3.43%
Accenture plc	ACN	3.41%
Agilent Technologies, Inc.	A	3.40%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 26, 2025	$0.50548	Dec 30, 2025
Sep 26, 2025	$0.300	Sep 29, 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 8.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.04%.