DIVL vs. ANEW ETF Comparison

Comparison of Madison Dividend Value ETF (DIVL) to ProShares MSCI Transformational Changes ETF (ANEW)

DIVL

Madison Dividend Value ETF

DIVL Description

The fund seeks to achieve its investment objective by investing in equity securities of companies with a market capitalization of over $1 billion and a history of paying dividends, with the ability to increase dividends over time. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in dividend paying equity securities. The fund may also invest up to 50% of its common stock allocation in foreign securities, including ADRs and emerging market securities.

Grade (RS Rating)

Last Trade

$22.53

Average Daily Volume

2,676

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ANEW

ProShares MSCI Transformational Changes ETF

ANEW Description

The investment seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index (the index). The fund seeks to invest substantially all of its assets in the securities included in the index. The index selects companies which may benefit from transformational changes in how people work, take care of their health, and consume and connect (Transformational Changes) - changes accelerated by COVID-19.

Grade (RS Rating)

Last Trade

$45.98

Average Daily Volume

352

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	DIVL	ANEW
30 Days	1.65%	1.03%
60 Days	4.77%	4.14%
90 Days	5.98%	5.35%
12 Months	21.78%	27.69%

6 Overlapping Holdings

Symbol	Grade	Weight in DIVL	Weight in ANEW	Overlap
ABBV	F	3.54%	1.94%	1.94%
ABT	B	1.25%	2.1%	1.25%
DE	B	1.14%	1.92%	1.14%
DGX	A	2.02%	0.3%	0.3%
HPE	B	2.65%	0.21%	0.21%
MKC	C	2.35%	1.89%	1.89%

DIVL Overweight 30 Positions Relative to ANEW

Symbol	Grade	Weight
MS	A	4.78%
FAST	B	4.53%
ADP	A	4.51%
BLK	B	3.99%
HON	C	3.92%
TXN	C	3.85%
HD	B	3.83%
JPM	A	3.52%
LOW	C	3.29%
EOG	A	3.17%
CVX	A	3.1%
CMCSA	B	2.82%
JNJ	C	2.77%
UNP	C	2.74%
NEE	C	2.69%
MDT	D	2.64%
CME	B	2.63%
BAC	A	2.61%
AMT	C	2.58%
COP	C	2.57%
USB	A	2.54%
APD	A	2.29%
D	C	2.28%
CMI	A	2.16%
XOM	B	1.91%
PG	C	1.41%
NKE	F	1.36%
PEP	F	1.32%
PAYX	B	1.13%
CL	D	0.99%

DIVL Underweight 118 Positions Relative to ANEW

Symbol	Grade	Weight
NVDA	B	-2.89%
DASH	B	-2.89%
ISRG	A	-2.49%
NFLX	A	-2.39%
BKNG	A	-2.37%
META	D	-2.32%
AAPL	C	-2.23%
BSX	A	-2.17%
AMZN	C	-2.16%
ADBE	C	-2.05%
BABA	D	-1.93%
CTVA	C	-1.89%
MSFT	D	-1.86%
IFF	D	-1.71%
DHR	F	-1.69%
GOOGL	C	-1.66%
AVGO	D	-1.6%
MRK	D	-1.4%
SFM	A	-1.21%
BDX	F	-1.11%
V	A	-1.04%
FMC	D	-0.94%
MA	B	-0.93%
CNH	C	-0.92%
AMAT	F	-0.85%
AGCO	D	-0.79%
SE	A	-0.75%
EA	A	-0.68%
EW	C	-0.67%
TTWO	A	-0.64%
CSCO	B	-0.64%
EBAY	D	-0.63%
ORCL	A	-0.61%
OMC	C	-0.59%
RMD	C	-0.58%
TCOM	B	-0.58%
QCOM	F	-0.56%
ZD	B	-0.55%
ANSS	B	-0.55%
DKNG	B	-0.5%
DXCM	C	-0.49%
SMPL	B	-0.48%
WST	C	-0.42%
NEOG	F	-0.41%
SMG	C	-0.4%
PINS	F	-0.38%
SXT	C	-0.38%
ILMN	C	-0.38%
SNAP	D	-0.37%
DOCS	C	-0.36%
MSTR	B	-0.36%
CRM	B	-0.34%
AMD	F	-0.34%
NTRA	A	-0.29%
CVLT	B	-0.28%
PANW	B	-0.27%
HOOD	B	-0.27%
QTWO	A	-0.27%
NOW	A	-0.26%
FFIV	B	-0.25%
GH	B	-0.25%
PYPL	B	-0.24%
DOCU	B	-0.24%
SMAR	B	-0.24%
GMED	A	-0.24%
PRCT	B	-0.24%
RARE	F	-0.23%
BOX	B	-0.23%
CCOI	B	-0.23%
CYBR	A	-0.22%
MRNA	F	-0.22%
NET	B	-0.22%
COIN	C	-0.22%
INSP	D	-0.22%
BL	B	-0.21%
SMTC	B	-0.21%
KTOS	B	-0.21%
DBX	B	-0.21%
CHKP	C	-0.21%
PCTY	C	-0.21%
VRNS	D	-0.21%
GEN	B	-0.21%
JNPR	D	-0.2%
DT	D	-0.2%
RIOT	C	-0.2%
NOVT	D	-0.2%
EQIX	A	-0.2%
ALTR	B	-0.2%
NTAP	C	-0.19%
WDAY	B	-0.19%
BLKB	B	-0.19%
TECH	F	-0.19%
CRWD	B	-0.18%
ENOV	C	-0.18%
HSIC	C	-0.18%
AI	B	-0.18%
PCOR	B	-0.18%
QGEN	D	-0.18%
AKAM	D	-0.17%
CRSP	D	-0.17%
IRDM	D	-0.17%
TENB	C	-0.17%
NTNX	B	-0.17%
TWST	F	-0.17%
MARA	B	-0.17%
EEFT	B	-0.16%
MEDP	D	-0.16%
SLAB	F	-0.15%
NXPI	D	-0.15%
SYNA	C	-0.15%
CGNX	D	-0.15%
OKTA	C	-0.14%
CLSK	C	-0.14%
IDYA	F	-0.14%
TMDX	F	-0.13%
FIVN	C	-0.13%
ACHC	F	-0.12%
TNDM	D	-0.11%