Madison Aggregate Bond ETF
$19.40−0.20 (−1.00%)
- Expense ratio
- 0.36%
- Fund size
- $64M
- 1Y return
- −0.8%
- Yield · Last 12 months
- 4.94%
- Holdings
- 200
- Volume · 30D
- 0M sh
- NAV per share
- $19.58
- 52W range
The ETF.net MAGG Grade
Score 46 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.CScore 46Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 70Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 45Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 62Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 22Category rank
Our read on MAGG
CMadison's compact take on the Agg: roughly 200 bonds instead of the benchmark's thousands, paying monthly. A hand-built core bond portfolio at the category's median fee, in a corner of the market where the index giants charge pennies.
The fund normally invests at least 80% of its net assets, plus investment-purpose borrowings, in bonds.
Why people hold it
- Holds about 200 bonds against a Bloomberg U.S. Aggregate benchmark that spans thousands: a curated portfolio, not a full index replica.
- The 0.36% fee sits right at the category median and matches Fidelity's FBND, so the managed approach doesn't carry a boutique premium.
- Pays monthly, and the prospectus commits at least 80% of net assets to bonds, keeping it a core fixed income sleeve rather than a wanderer.
Worth knowing
- Index funds on the same Bloomberg U.S. Aggregate benchmark (BND, AGG, SPAB) charge 0.03%, roughly a twelfth of this fee.
- Thinly traded with a modest asset base, so bid-ask spreads can run wider than the category anchors', which shows up most on bigger orders.
- Launched in 2023, it has a short live record next to the decades-old funds tracking the same benchmark.
MAGG Holdings
- Bonds
- 200
- 20%
- 91282CHR5
Geography
- United States97.25%
- Ireland1.02%
- United Kingdom0.94%
- Singapore0.79%
MAGG 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 | MAGG |
|---|---|
| Year to date | −1.6% |
| 1 month | −1.1% |
| 3 months | −1.8% |
| 1 year | −0.8% |
| 3 years | +4.3% |
| 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 | MAGG |
|---|---|---|
| 2026 YTD | −1.6% | |
| 2025 | +7.3% | |
| 2024 | +1.8% | |
| 2023 | +4.4% |
MAGG in the news
ETF.net Research hasn’t filed on MAGG yet — coverage lands here as it’s written.
MAGG Dividends
- 4.94%
- $0.97
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 31, 2026 | $0.08 |
| Jul 29, 2026 | Jul 31, 2026 | $0.09 |
| Jun 26, 2026 | Jun 30, 2026 | $0.08 |
| May 27, 2026 | May 29, 2026 | $0.08 |
| Apr 28, 2026 | Apr 30, 2026 | $0.08 |
| Mar 27, 2026 | Mar 31, 2026 | $0.08 |
| Feb 25, 2026 | Feb 27, 2026 | $0.04 |
| Jan 28, 2026 | Jan 30, 2026 | $0.07 |
| Dec 26, 2025 | Dec 30, 2025 | $0.13 |
| Nov 26, 2025 | Nov 28, 2025 | $0.08 |
| Oct 29, 2025 | Oct 31, 2025 | $0.09 |
| Sep 26, 2025 | Sep 30, 2025 | $0.08 |
MAGG Risk
- 5.2%
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.
- −0.06
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.
- −4.6%
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.
- 0.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MAGG Cost
- The middle half of US Aggregate Bond funds
- Median 0.34%
61 of the 112 US Aggregate Bond funds charge less.