First-Year Review
Hartford Dynamic Bond ETF's first year: coupons covered a 3.9% slide
Madison Short Term Strategic Income ETF
$19.820.00 (0.00%)
- 0.36%
- $48M
- +1.1%
- 5.46%
- 0M sh
- $19.83
- low $19.60high $20.81
The ETF.net MSTI Grade
B
Score 64 out of 100
- 6 of 25
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A90 out of 100Rank 3 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.C52 out of 100Rank 12 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 7 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D27 out of 100Rank 22 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A78 out of 100Rank 5 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 15 of 25
Our read on MSTI
BMadison's mandate here fits on one line: a high level of current income from short-dated bonds, paid out monthly. Compact portfolio, roughly 100 positions, at a fee that sits under the typical bond ETF in its peer group.
The Fund seeks to generate a high level of current income.
Why people hold it
- A 0.36% expense ratio undercuts the median fee among its bond peers, so less of the coupon leaks out on the way to you.
- Income is the entire job. The stated objective is a high level of current income, and the fund pays monthly rather than quarterly.
- Short-maturity by design, which structurally dampens sensitivity to long-end rate moves compared with broad or long-dated bond funds.
- Roughly 100 positions in a plain 1940 Act fund wrapper: readable, no derivatives-heavy machinery to decode.
Worth knowing
- It trades thinly and stays small, so the bid-ask spread on a given trade can matter more to your cost than the annual fee does.
- Launched in 2023, so the live record is short and does not cover a full rate cycle.
- No declared target payout rate. The monthly distribution floats with whatever the portfolio actually earns.
MSTI Holdings
- Bonds
- 115
- 22%
- 91282CJA0
Geography
- United States96.65%
- Ireland3.35%
MSTI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
MSTI$10,112
Returns run to the Oct 12, 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 | MSTI |
|---|---|
| Year to date | 0.0% |
| 1 month | −0.4% |
| 3 months | −0.7% |
| 1 year | +1.1% |
| 3 years | +5.3% |
| 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 | MSTI |
|---|---|---|
| 2026 YTD | 0.0% | |
| 2025 | +6.4% | |
| 2024 | +4.8% | |
| 2023 | +4.1% |
MSTI in the news
MSTI Dividends
- 5.46%
- $1.08
- $0.08 per share
- Monthly
Distribution history
MSTI Risk
- 2.7%
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.
- 0.20
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.
- −1.7%
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.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSTI Cost
0.36%
MSTI0.36%
- The middle half of Multi-Sector Bond Income funds
- Median 0.55%
2 of the 23 Multi-Sector Bond Income funds charge less.
Other funds in Multi-Sector Bond Income
- BXAGGMorgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETFExpense ratio 0.50%1 year return —
- BTMBThornburg Multi Sector Bond ETFExpense ratio 0.55%1 year return +0.1%
- BTMSFT. Rowe Price Multi-Sector Income ETFExpense ratio 0.41%1 year return —
- BVMSBVoya Multi-Sector Income ETFExpense ratio 0.45%1 year return —
- CKNRGSimplify Kayne Anderson Energy and Infrastructure Credit ETFExpense ratio 0.76%1 year return +4.1%