Let p, d be positive integers, with d odd. Let \(\varvec{\phi }:[0,+\infty ) \rightarrow {\mathbb {R}}^{p \times p}\) be the isotropic part of a matrix-valued and isotropic covariance function (a positive semidefinite matrix-valued function) that is defined over the d-dimensional Euclidean space. If \(\varvec{\phi }\) is compactly supported over \([0,\pi ]\), then we show that the restriction of \(\varvec{\phi }\) to \([0,\pi ]\) is the isotropic part of a matrix-valued covariance function defined on a d-dimensional sphere, where isotropy in this case means that the covariance function depends on the geodesic distance. Our result does not need any assumption of continuity for the mapping \(\varvec{\phi }\). Further, when \(\varvec{\phi }\) is continuous, we provide an analytical expression of the d-Schoenberg sequence associated with the compactly-supported covariance on the sphere, which only requires knowledge of the Fourier transform of its isotropic part, and illustrate with the Gauss hypergeometric covariance model, which encompasses the well-known spherical, cubic, Askey and generalized Wendland covariances, and with a hole effect covariance model. Special cases of the results presented in this paper have been provided by other authors in the past decade.