CVRD vs. UDI ETF Comparison

Comparison of Madison Covered Call ETF (CVRD) to USCF Dividend Income Fund (UDI)

CVRD

Madison Covered Call ETF

CVRD Description

The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies.

Grade (RS Rating)

Last Trade

$19.58

Average Daily Volume

6,650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UDI

USCF Dividend Income Fund

UDI Description

USCF ESG Dividend Income Fund is an exchange traded fund launched and managed by USCF Advisers LLC. It is co-managed by Miller/Howard Investments, Inc. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. The fund does not invest in stocks of companies operating across tobacco, firearms, controversial weapons, human rights violations or environmental abuses sectors. USCF ESG Dividend Income Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.68

Average Daily Volume

4,786

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVRD	UDI
30 Days	0.26%	2.01%
60 Days	1.28%	3.41%
90 Days	1.98%	5.15%
12 Months	8.96%	28.37%

6 Overlapping Holdings

Symbol	Grade	Weight in CVRD	Weight in UDI	Overlap
CMCSA	B	2.81%	3.41%	2.81%
CME	B	3.69%	2.35%	2.35%
CSCO	B	3.92%	3.7%	3.7%
JNJ	C	1.47%	4.09%	1.47%
MDT	D	2.82%	3.65%	2.82%
TXN	C	1.77%	2.26%	1.77%

CVRD Overweight 36 Positions Relative to UDI

Symbol	Grade	Weight
LVS	B	3.7%
GOOG	C	3.44%
ADBE	C	3.24%
V	A	3.17%
PYPL	B	3.02%
STZ	D	2.89%
TMUS	B	2.59%
ABT	B	2.55%
MSFT	D	2.49%
APD	A	2.37%
HON	C	2.35%
ACN	B	2.33%
AES	F	2.19%
A	D	2.18%
UPS	C	2.1%
AMZN	C	2.08%
EMR	B	2.04%
MCHP	F	2.04%
ADM	D	1.98%
AMD	F	1.86%
LH	B	1.72%
LOW	C	1.7%
AMT	C	1.67%
PEP	F	1.67%
MTDR	B	1.6%
APH	A	1.57%
HPE	B	1.54%
UNP	C	1.52%
GLW	B	1.43%
DHR	F	1.42%
COP	C	1.32%
FAST	B	1.26%
ROST	D	1.03%
RIG	D	0.83%
DLTR	F	0.8%
APA	D	0.66%

CVRD Underweight 25 Positions Relative to UDI

Symbol	Grade	Weight
JEF	A	-5.31%
GS	A	-4.9%
GILD	C	-4.57%
ORI	A	-4.43%
PAYX	B	-4.4%
JPM	A	-4.33%
BK	A	-4.28%
KO	D	-3.86%
ABBV	F	-3.47%
EWBC	A	-3.31%
HST	C	-2.6%
LAMR	C	-2.58%
ASB	B	-2.57%
IPG	D	-2.54%
BAC	A	-2.51%
USB	A	-2.23%
RHI	C	-2.02%
STAG	D	-1.8%
MRK	D	-1.8%
GSK	F	-1.71%
OMC	C	-1.69%
TGT	F	-1.56%
CAG	F	-1.56%
RDN	D	-1.43%
SON	F	-1.4%