Madison Asset Management, LLCLarge ValueDIVL · NYSE Arca

Madison Dividend Value ETF (DIVL)

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Price: $26.59; —12 Nov 2026
Assets: $64.2M; Total net assets
Expense ratio: 0.65%; Category 0.85%
Yield: 1.70%; Trailing distributions

1Y return: 17.7%-2.5%; Category 20.2%
3Y CAGR: 15.3%-4.5%; Category 19.8%
5Y CAGR: —; Category 11.1%

$26.59—12 Nov 2026

Fund

Assets: $64.2M
Expense: 0.65%
Categ. exp: 0.85%
Yield: 1.70%

ReturnFundCateg.

1Y17.7%20.2%

3Y15.3%19.8%

5Y—11.1%

Launch11.7%—

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Madison Dividend Value 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	+6.4%	+4.2%	+7.6%	+17.7%	+17.7%	+15.3%	—	—	+11.7%
Large Value average	2.7%	0.5%	8.8%	18.4%	20.2%	19.8%	11.1%	12.4%	13.2%
Difference	+3.7%	+3.7%	-1.2%	-0.7%	-2.5%	-4.5%	—	—	-1.5%

Holdings

The 10 largest positions make up 41.1% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
JNJ	Johnson & Johnson	5.71%
XOM	ExxonMobil Holdings Corp	5.23%
CVX	Chevron Corp	5.20%
ABBV	AbbVie Inc	3.83%
CME	CME Group Inc Class A	3.72%
NEE	NextEra Energy Inc	3.56%
COP	ConocoPhillips	3.51%
UNP	Union Pacific Corp	3.49%
ADI	Analog Devices Inc	3.45%
PG	Procter & Gamble Co	3.41%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 21.5
P/B: 3.7
P/S: 3.6
P/CF: 14.6

Sector allocation

Share of the equity the fund holds.

Energy17.8%
Financial services17.2%
Health care17.1%
Industrials14.0%
Consumer staples9.2%
Technology8.1%
Consumer discretionary6.5%
Materials3.8%
Utilities3.6%
Real estate2.8%

Asset mix

Stocks99.6%
Cash0.4%
Other0.0%

ETF details

Issuer: Madison Asset Management, LLC
Category: Equity · Large Value
Ticker: DIVL
Exchange: NYSE Arca
Inception: 14 Aug 2023 (3.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.65% (category 0.85%)
Holdings turnover: 67% (category 57%)
Distribution yield: 1.70%
Beta, 3 years: 0.46
Total net assets: $64.2M

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

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