Morgan Dempsey Large Cap Value ETF
$30.70−0.10 (−0.32%)
- Expense ratio
- 0.58%
- Fund size
- $49M
- 1Y return
- +13.6%
- Yield · Last 12 months
- 2.76%
- Volume · 30D
- 0M sh
- NAV per share
- $31.00
- 52W range
The ETF.net MDLV Grade
Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 28Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 71Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 47Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 39Category rank
Our read on MDLV
CA boutique stock-picker in a corner of the market run by cheap factor machines. Morgan Dempsey's team hunts dividend payers it considers underpriced, and the mandate puts current income first, capital appreciation second.
The Fund seeks high current income and long-term capital appreciation.
Why people hold it
- Income leads the mandate. The fund seeks high current income first and long-term appreciation second, and it distributes quarterly.
- Genuinely active. A sub-adviser selects dividend payers it considers attractively valued, so the portfolio is a set of judgment calls rather than an index reshuffle.bloomberg.com
- Live since 2023, so there is a real trading record in a real market behind the strategy, not a backtest.
Worth knowing
- Costs 0.66% a year, above the 0.55% median for US value funds and several times index-built rivals such as AVLV (0.15%) and DFLV (0.21%).
- A small fund that trades lightly, which can mean wider bid-ask spreads. Limit orders are the standard way to deal with that.
- No index to hug. Results ride on one team's valuation calls, so the portfolio can diverge from broad value benchmarks in either direction.
MDLV Holdings
- Stocks
- —
- 35%
- XOM
Sectors
- Industrials15.8%
- Financials14.6%
- Energy14.3%
- Utilities13.4%
- Health Care9.0%
- Cons. Staples8.4%
- Technology7.6%
- Communication6.2%
- Consumer Discr.4.0%
- Real Estate3.8%
- Materials2.9%
Geography
- United States90.55%
- United Kingdom3.88%
- Canada3.05%
- Ireland2.52%
MDLV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MDLV |
|---|---|
| Year to date | +10.0% |
| 1 month | −3.6% |
| 3 months | +0.1% |
| 1 year | +13.6% |
| 3 years | +12.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MDLV |
|---|---|---|
| 2026 YTD | +10.0% | |
| 2025 | +13.3% | |
| 2024 | +10.2% | |
| 2023 | +0.7% |
MDLV in the news
ETF.net Research hasn’t filed on MDLV yet — coverage lands here as it’s written.
MDLV Dividends
- 2.76%
- $0.85
- $0.18 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.18 |
| Mar 30, 2026 | Mar 31, 2026 | $0.24 |
| Dec 23, 2025 | Dec 24, 2025 | $0.21 |
| Sep 29, 2025 | Sep 30, 2025 | $0.22 |
| Jun 27, 2025 | Jun 30, 2025 | $0.20 |
| Mar 28, 2025 | Mar 31, 2025 | $0.23 |
| Dec 30, 2024 | Dec 31, 2024 | $0.17 |
| Sep 27, 2024 | Sep 30, 2024 | $0.18 |
| Jun 27, 2024 | Jun 28, 2024 | $0.19 |
| Mar 26, 2024 | Mar 28, 2024 | $0.18 |
| Dec 20, 2023 | Dec 27, 2023 | $0.23 |
| Sep 27, 2023 | Sep 29, 2023 | $0.26 |
MDLV Risk
- 9.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.92
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −10.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.41
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MDLV Cost
- The middle half of US Active Value funds
- Median 0.55%
38 of the 66 US Active Value funds charge less.