Madison Short Term Strategic Income ETF
$19.92−0.05 (−0.27%)
- Expense ratio
- 0.36%
- Fund size
- $48M
- 1Y return
- +1.4%
- Yield · Last 12 months
- 5.45%
- Holdings
- 99
- Volume · 30D
- 0M sh
- NAV per share
- $19.98
- 52W range
The ETF.net MSTI Grade
Score 60 of 100 sits in the B 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.AScore 90Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 49Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 13Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 52Category rank
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
- 99
- 23%
- 8AMMF0JA0
Geography
- United States96.61%
- Ireland3.39%
MSTI 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 | MSTI |
|---|---|
| Year to date | +0.3% |
| 1 month | −0.6% |
| 3 months | −0.3% |
| 1 year | +1.4% |
| 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 | +0.3% | |
| 2025 | +6.4% | |
| 2024 | +4.8% | |
| 2023 | +4.1% |
MSTI in the news
ETF.net Research hasn’t filed on MSTI yet — coverage lands here as it’s written.
MSTI Dividends
- 5.45%
- $1.09
- $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 | $0.09 |
| Mar 27, 2026 | Mar 31, 2026 | $0.09 |
| Feb 25, 2026 | Feb 27, 2026 | $0.02 |
| Jan 28, 2026 | Jan 30, 2026 | $0.07 |
| Dec 26, 2025 | Dec 30, 2025 | $0.22 |
| Nov 26, 2025 | Nov 28, 2025 | $0.08 |
| Oct 29, 2025 | Oct 31, 2025 | $0.09 |
| Sep 26, 2025 | Sep 30, 2025 | $0.08 |
MSTI Risk
- 2.5%
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.
- 0.46
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.
- −1.5%
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
- The middle half of Multi-Sector Bond Income funds
- Median 0.55%
2 of the 23 Multi-Sector Bond Income funds charge less.