Madison US Large Cap ETF (MLRG)
A concentrated, all-weather portfolio of large cap companies that exhibit durable growth characteristics at reasonable valuations.
Objective and Strategy
The Large Cap ETF pursues its objective of long-term capital appreciation by investing in common stocks of established, high-quality companies selected via bottom-up fundamental analysis. The ETF's portfolio managers define “high-quality” companies as those businesses that have demonstrated stable revenue and earnings growth patterns and high profitability metrics and that maintain proportionately low levels of debt. The portfolio managers follow a rigorous three-step process when evaluating companies, which considers: (1) the business model, (2) the management team, and (3) the valuation of each potential investment.
Why Madison US Large Cap ETF (MLRG)
- High-quality, concentrated portfolio of 25-40 stocks with high active share.
- All-weather portfolio that focuses on risk management and seeks downside protection.
- Long-tenured management.
- Embraces the Participate & Protect® investment philosophy
Key Highlights (As of Friday August 14, 2026)
Ticker |
MLRG |
Exchange |
TSX |
NAV($) |
20.30 |
NAV Change($) |
-0.08 |
NAV Change(%) |
-0.38% |
Total Net Assets($) |
1,015,195 |
Currency |
CAD |
Management Fee (%), Annual Rate, Plus Applicable GST/HST |
0.55 |
CUSIP |
557919206 |
Inception Date |
July 06, 2026 |
Benchmark(s) |
S&P 500 |
Investment Approach
Portfolio Highlights
Top Ten Fund Holdings (As of 07/31/26)
ALPHABET INC CL C |
7.24% |
PARKER HANNIFIN CORP |
4.78% |
ARCH CAPITAL GROUP LTD |
5.91% |
VISA INC CLASS A SHARES |
4.61% |
AMAZON.COM INC |
5.89% |
FERGUSON ENTERPRISES INC |
4.43% |
TEXAS INSTRUMENTS INC |
5.79% |
ANALOG DEVICES INC |
4.11% |
KEYSIGHT TECHNOLOGIES IN |
5.13% |
AGILENT TECHNOLOGIES INC |
3.58% |
Index returns are shown for comparative purposes only. Indexes are unmanaged and their returns include reinvestment of dividends, if applicable, but do not include any sales charges or fees as such costs would lower performance. It is not possible to invest directly in an index.
Regulatory restrictions limit publishing performance returns for funds or portfolios with a history of less than one year.
The S&P 500® Index is a large-cap market index which measures the performance of a representative sample of 500 leading companies in leading industries in the U.S.
Madison Investments (Canada) Ltd. has appointed its affiliate, Madison Asset Management, LLC (MAM), as sub-advisor to the ETF.