Madison Asset Management, LLCDerivative IncomeCVRD · NYSE Arca

Madison Covered Call ETF (CVRD)

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Price: $19.12; —12 Nov 2026
Assets: $31.3M; Total net assets
Expense ratio: 0.90%; Category 0.88%
Yield: 7.44%; Trailing distributions

1Y return: 11.7%+4.9%; Category 6.7%
3Y CAGR: 8.6%-7.0%; Category 15.6%
5Y CAGR: —; Category 8.6%

$19.12—12 Nov 2026

Fund

Assets: $31.3M
Expense: 0.90%
Categ. exp: 0.88%
Yield: 7.44%

ReturnFundCateg.

1Y11.7%6.7%

3Y8.6%15.6%

5Y—8.6%

Launch7.8%—

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Madison Covered Call ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+4.3%	+2.9%	+7.4%	+9.0%	+11.7%	+8.6%	—	—	+7.8%
Derivative Income average	-5.4%	-2.6%	-0.3%	7.7%	6.7%	15.6%	8.6%	8.3%	6.2%
Difference	+9.7%	+5.4%	+7.7%	+1.3%	+4.9%	-7.0%	—	—	+1.6%

Holdings

The 10 largest positions make up 38.2% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
DHR	Danaher Corp	5.37%
AMZN	Amazon.com Inc	4.53%
V	Visa Inc Class A	4.11%
META	Meta Platforms Inc Class A	3.66%
BLK	BlackRock Inc	3.56%
ADBE	Adobe Inc	3.55%
AVGO	Broadcom Inc	3.55%
RIG	Transocean Ltd	3.35%
MTDR	Matador Resources Co	3.30%
ACN	Accenture PLC Class A	3.27%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 17.9
P/B: 2.9
P/S: 2.7
P/CF: 9.4

Sector allocation

Share of the equity the fund holds.

Technology24.6%
Financial services15.2%
Health care10.9%
Consumer discretionary9.9%
Communication services9.8%
Energy7.4%
Industrials7.2%
Consumer staples5.8%
Real estate3.5%
Materials3.2%
Utilities2.5%

Asset mix

Stocks85.6%
Cash13.7%
Other0.7%

ETF details

Issuer: Madison Asset Management, LLC
Category: Equity · Derivative Income
Ticker: CVRD
Exchange: NYSE Arca
Inception: 21 Aug 2023 (3.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.90% (category 0.88%)
Holdings turnover: 76% (category 68%)
Distribution yield: 7.44%
Beta, 3 years: 0.50
Total net assets: $31.3M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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