# Portfolio overlap — MADAX vs DIVN

Comparing **Madison Dividend Income Fund** (2026-04-30) and **Horizon Dividend Income ETF** (2026-02-28).

- Shared positions: 23
- Madison Dividend Income Fund covered by Horizon Dividend Income ETF: 0.4258584318488583270781235401
- Horizon Dividend Income ETF covered by Madison Dividend Income Fund: 0.4258584318488583270781235401

## Madison Dividend Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| JOHNSON&JOHNSON | 0.049300 | ✓ |
| EXXON MOBIL CORP | 0.048942 | ✓ |
| CHEVRON CORP | 0.047640 | ✓ |
| NEXTERA ENERGY INC | 0.044003 |  |
| TEXAS INSTRUMENTS INC | 0.041867 | ✓ |
| CME GROUP INC CL A | 0.039519 | ✓ |
| PROCTER & GAMBLE | 0.037325 | ✓ |
| HONEYWELL INTL INC | 0.036220 |  |
| ANALOG DEVICES INC | 0.034316 | ✓ |
| UNION PACIFIC CORP | 0.033790 | ✓ |
| EOG RESOURCES INC | 0.030798 | ✓ |
| AIR PRODUCTS and CHEMICALS INC | 0.029497 |  |
| MEDTRONIC PLC | 0.029077 |  |
| BANK OF AMERICA CORPORATION | 0.027378 |  |
| ILLINOIS TOOL WORKS INC | 0.027251 | ✓ |
| HOME DEPOT INC | 0.027070 | ✓ |
| MCDONALDS CORP | 0.026397 | ✓ |
| JPMORGAN CHASE and CO | 0.025957 |  |
| ABBVIE INC | 0.025639 | ✓ |
| QUALCOMM INC | 0.024998 | ✓ |
| LOWES COS INC | 0.023992 | ✓ |
| BLACKROCK INC | 0.023664 |  |
| CONOCOPHILLIPS | 0.023572 | ✓ |
| FASTENAL CO | 0.022097 | ✓ |
| AUTOMATIC DATA PROCESSING INC | 0.021581 | ✓ |
| TE CONNECTIVITY PLC | 0.020693 | ✓ |
| COLGATE-PALMOLIVE CO | 0.020690 | ✓ |
| PEPSICO INC | 0.020302 | ✓ |
| ABBOTT LABS | 0.018859 |  |
| MARSH & MCLENNAN | 0.018122 | ✓ |
| MORGAN STANLEY | 0.017832 |  |
| ELEVANCE HEALTH INC | 0.015189 |  |
| HERSHEY CO/THE | 0.015091 | ✓ |
| State Street Navigator Securities Lending Portfolio II | 0.014679 |  |
| CUMMINS INC | 0.014262 |  |
| DEERE & CO | 0.011342 |  |
| ROCKWELL AUTOMATION INC | 0.011052 |  |

## Horizon Dividend Income ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| CHEVRON CORP | 0.051971 | ✓ |
| EXXON MOBIL CORP | 0.049459 | ✓ |
| MERCK & CO | 0.049185 |  |
| JOHNSON&JOHNSON | 0.041393 | ✓ |
| PROCTER & GAMBLE | 0.038231 | ✓ |
| AMGEN INC | 0.030533 |  |
| ABBVIE INC | 0.028400 | ✓ |
| MCDONALDS CORP | 0.028124 | ✓ |
| QUALCOMM INC | 0.025953 | ✓ |
| ACCENTURE PLC CL A | 0.025019 |  |
| T-MOBILE US INC | 0.024524 |  |
| VERIZON COMMUNICATIONS INC | 0.023920 |  |
| GILEAD SCIENCES INC | 0.023425 |  |
| PHILIP MORRIS INTL INC | 0.022034 |  |
| APPLIED MATERIALS INC | 0.021495 |  |
| ALTRIA GROUP INC | 0.020506 |  |
| TEXAS INSTRUMENTS INC | 0.019234 | ✓ |
| COMCAST CORP CL A | 0.018686 |  |
| BRISTOL-MYERS SQUIBB CO | 0.018578 |  |
| PROGRESSIVE CORP OHIO | 0.018575 |  |
| UNION PACIFIC CORP | 0.017749 | ✓ |
| LAM RESEARCH CORP | 0.016598 |  |
| HOME DEPOT INC | 0.015701 | ✓ |
| ANALOG DEVICES INC | 0.015554 | ✓ |
| CISCO SYSTEMS INC | 0.014327 |  |
| CONOCOPHILLIPS | 0.014200 | ✓ |
| KLA CORP | 0.013204 |  |
| AT&T INC | 0.012579 |  |
| PEPSICO INC | 0.011883 | ✓ |
| ILLINOIS TOOL WORKS INC | 0.011668 | ✓ |
| EOG RESOURCES INC | 0.010584 | ✓ |
| PACCAR INC | 0.010108 |  |
| COLGATE-PALMOLIVE CO | 0.009122 | ✓ |
| AUTOMATIC DATA PROCESSING INC | 0.008500 | ✓ |
| LOWES COS INC | 0.008063 | ✓ |
| TE CONNECTIVITY PLC | 0.007973 | ✓ |
| COGNIZANT TECH SOLUTIONS CL A | 0.007512 |  |
| MARSH & MCLENNAN | 0.007302 | ✓ |
| PFIZER INC | 0.007140 |  |
| NXP SEMICONDUCTORS NV | 0.006837 |  |
| NETAPP INC | 0.006764 |  |
| HERSHEY CO/THE | 0.006050 | ✓ |
| SKYWORKS SOLUTIONS INC | 0.005838 |  |
| GARMIN LTD | 0.005835 |  |
| BLACKSTONE INC | 0.005814 |  |
| HP INC | 0.005657 |  |
| TARGA RESOURCES CORP | 0.005569 |  |
| OCCIDENTAL PETROLEUM CORP | 0.005529 |  |
| ZOETIS INC CL A | 0.005453 |  |
| CME GROUP INC CL A | 0.005339 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001410368-26-064093` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1040612/000141036826064093/0001410368-26-064093-index.htm>
- N-PORT (fund B) — accession `0000894189-26-013899` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1643174/000089418926013899/0000894189-26-013899-index.htm>

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