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TCV ETF — Towle Value ETF
Towle Value ETF (TCV)
Updated October 16, 2026.
Verdict as of October 16, 2026
TCV's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 0.03%. The latest total cash payment per current share, $0.009 with an ex-date of December 30, 2025, was 87.1% lower than the previous $0.07. These payments are unclassified; this does not establish a base-dividend change.
Sources: Towle, Section 19a-1 notices, scoring methodology.
TCV is an ETF. its distribution rate is 0.03%, its trailing-12-month yield is 0.25%, its expense ratio is 0.85%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 29.2% over the past 1.2 years, 6.0 points ahead of SPY at 23.2%.
Towle Value ETF is an actively managed equity fund that invests at least 80% of its assets in publicly traded stocks that its adviser, Towle & Co., identifies as deeply undervalued relative to their earnings potential and revenue base. The fund is non-diversified and currently has a very modest distribution rate. This fund appeals to value-oriented investors seeking exposure to stocks the adviser believes offer significant upside potential based on fundamental analysis.
TCV dividend yield and income
Price as of 2026-10-16.
The distribution rate (0.03%) uses calculation basis unavailable. Trailing-12-month yield (0.25%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.009. The ex-dividend date is 12/30/2025. The payment date is 12/31/2025.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-30 | $0.009 | -87.1% Unclassified cash |
| 2025-12-23 | $0.07 | — |
| 2025 total (partial launch year) | $0.079 | — |
TCV holdings and sector exposure
Holdings are not available for this snapshot.
TCV performance versus SPY
Price and return data through 2026-10-16.
Total return is 29.2% over the past 1.2 years, 6.0 points ahead of SPY at 23.2%. Its deepest 1-year drawdown was 12.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -0.7% | — |
| 3M | -3.0% | — |
| 6M | 11.5% | — |
| YTD | 24.3% | — |
| 1Y | 27.7% | — |
| Since inception (1.2 years) | 29.2% | 22.80% |
TCV key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Towle
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 07/16/2025
- Expense ratio
- 0.85%
- Distribution rate
- 0.03%
- Distribution frequency
- Annual
- Trailing yield
- 0.25%
- Last close
- $32.20 (as of 2026-10-16)
- AUM
- $84,463,736
- Average volume
- 16441.0
- Dividend
- $0.009
- Ex-dividend date
- 12/30/2025
- Payment date
- 12/31/2025
- Beta
- 1.27
How Dividend Vision calculates yield and returns
Distribution rate (0.03%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.25%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Towle; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
TCV risks and drawbacks
TCV's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 12.1%.
Who may consider TCV — and who may not
It is a weaker fit for investors who need monthly cash flow (TCV pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
More on TCV
Frequently asked questions
Does TCV pay monthly?
No. TCV currently pays annual, not monthly.
What is TCV's expense ratio?
TCV's expense ratio is 0.85%.
What is TCV's dividend yield?
TCV's distribution rate is 0.03%, paid annual, with a 0.85% expense ratio — calculation basis unavailable.
When does TCV pay a dividend?
TCV pays annual. The dividend amount is $0.009. The ex-dividend date is 12/30/2025. The payment date is 12/31/2025.
How has TCV performed?
Total return is 29.2% over the past 1.2 years, 6.0 points ahead of SPY at 23.2%. Its deepest 1-year drawdown was 12.1%.
Is TCV a good investment?
TCV's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 0.03% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Towle.
Tickers
Holdings as-of date unavailable.
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