MADISON, WIS. - Madison Investments, an independently-owned investment firm managing $22.9 billion in assets, today announces the launch of its first exchange-traded fund (ETF), the Madison Dividend Value ETF (NYSE: DIVL).
The actively-managed, income-oriented ETF marks the debut of Madison Investments’ ETF suite, which is designed to help investors pursue income and capital appreciation by employing institutional-caliber, risk-controlled investment strategies. The firm plans to expand this suite in the coming weeks, with the launch of the Madison Covered Call ETF (NYSE: CVRD) and two active fixed income products: the Madison Aggregate Bond ETF (NYSE: MAGG) and the Madison Short Term Strategic Income ETF (NYSE: MSTI). Each active ETF utilizes a disciplined investment process to pursue consistent income and market-like growth with below-market risk.
“As an employee- and founder-owned firm, Madison Investments has always put the long-term interests of our clients first. This means continually identifying and developing innovative solutions to help advisors and their clients pursue their financial goals,” says Steven Carl, Chair of the Executive Committee and Chief Distribution Officer. “We firmly believe these active ETFs will carry forward our legacy of risk-conscious, institutional-caliber investment strategies.”
The Madison Dividend Value ETF targets current income production while providing an opportunity for capital appreciation. The fund invests in stocks with relative dividend yields that fall within the top 25% of their historic range to capture above-market yield and growth potential, with a focus on high-quality companies with strong balance sheets and durable competitive advantages to help manage risks. It has an expense ratio of 0.65%. The Madison Dividend Value ETF is managed by John Brown and Drew Justman, an experienced team with a combined 63 years of industry experience.
Patrick Ryan, President of Madison’s Funds and ETFs, notes, “This launch is a natural extension of our existing suite of investment strategies guided by our ‘Participate and Protect’ philosophy. Our organization recognizes the importance of actively balancing return potential with risk management. By capturing the value of active management within the ETF product wrapper, we’re providing investors with additional tools to participate in equity and fixed income markets with a proactive approach to risk.”
For more information on the Madison Dividend Value ETF, please visit madisonfunds.com/etfs.
About Madison Investments:
Based in Wisconsin’s capital city since its founding in 1974, the Madison Investments organization has grown from a local investment adviser to a multi-billion dollar investment organization that services clients across the U.S. and Canada. We aim to provide clients with a range of investment strategies across ETFs, mutual funds, managed accounts, and customized investment portfolios.
For more information, please visit: https://madisoninvestments.com/