AINP vs MSTI: Grades, Fees and Holdings Compared

Allspring Income Plus ETF

AINPANYSE Arca

Madison Short Term Strategic Income ETF

MSTIBNYSE Arca

Overlap

No data

Expense ratio

AINP0.36%MSTI0.36%

Avg volume · 30D

AINP 3.6×the volume

AINP6.02KMSTI1.69K

AINP vs MSTI Performance

Oct 31, 2025 – Nov 2, 2026

+1.2%AINP+2.1%MSTI

Expense ratio: AINP 0.36%; MSTI 0.36%
Fund size: AINP $250M; MSTI $48M
1Y total return: AINP +1.2%; MSTI +2.1%, better
Yield (12M): AINP 5.84%, better; MSTI 5.40%
Holdings: AINP 422; MSTI 110
Avg volume (30D): AINP 6.02K sh, better; MSTI 1.69K sh
NAV per share: AINP $24.25; MSTI $19.94
52W range

ETF.net Grade

Pillar letters and Scores for AINP, MSTI, with each pillar’s weight
Pillar	AINP	MSTI
Cost30% weight	A92	A92
Mission25% weight	A94Higher	B65
Risk15% weight	B62	B69Higher
Tradability15% weight	F24	F24
Holdings10% weight	B57	A76Higher
Durability5% weight	B68Higher	C52

Rank among Multi-Sector Bond Income funds

How we build Categories ›

Same Category. AINP and MSTI are both graded against the same 23 Multi-Sector Bond Income funds, so their Grades compare head to head.

Multi-Sector Bond Income⁠

Category · 23 funds

See all 23 ›

AINP ranks 2nd and MSTI 6th of 23 funds in the Multi-Sector Bond Income Category.

Rank 1AVGMSVanguard Multi-Sector Income Bond ETFScore 87
Rank 2AAINPAllspring Income Plus ETFScore 72
Rank 2AGINCGoldman Sachs ETF TrustScore 72
Rank 5BTMBThornburg Multi Sector Bond ETFScore 70
Rank 6BMSTIMadison Short Term Strategic Income ETFScore 67
Rank 6BTMSFT. Rowe Price Multi-Sector Income ETFScore 67

Our read on each fund

ETF.net Research

AINPAAllspring Income Plus ETF

MSTIBMadison Short Term Strategic Income ETF

In short

AINP No data

MSTI Madison'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.

Stated mandate

AINP No data

MSTI The Fund seeks to generate a high level of current income.

Why people hold it

AINP No data

MSTI 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

AINP No data

MSTI 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.

Full AINP profile⁠

Full MSTI profile⁠

AINP vs MSTI Holdings

How AINP and MSTI differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile81.2%
Asset classFixed Income100%

Sector

No Sector split for AINP and MSTI.

Country, concentration and asset class

Country by domicile

Country weights in AINP and MSTI, widest gap first
Country	More in AINPMore in MSTI	AINP	MSTI
United States	MSTI +16.5 points	81.2%	97.7%
Colombia	AINP +2.9 points	2.9%	0.0%
Australia	AINP +2.7 points	2.7%	0.0%
France	AINP +2.5 points	2.5%	0.0%
United Kingdom	AINP +2.3 points	2.3%	0.0%
Ireland	MSTI +2.3 points	0.0%	2.3%
Italy	AINP +1.8 points	1.8%	0.0%
Brazil	AINP +1.6 points	1.6%	0.0%
Other countries (9)	AINP +5.1 points	5.1%	0.0%

Concentration

Weight in the 10 largest Holdings

AINP40.9%
MSTI26.4%

Securities held

AINP350
MSTI110

Asset class

AINP: Fixed Income
MSTI: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. AINP holds 350 securities, MSTI 110.

All 416 AINP holdings⁠All 99 MSTI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AINP vs MSTI Cost

Same expense ratio

$7,320

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AINP 0.36%
$7,320
MSTI 0.36%
$7,320

Amount$10,000

Years30 years

Cost over time

AINP 0.36%
MSTI 0.36%

Year by year

Year	AINP	MSTI
10	$652	$652
20	$2,522	$2,522
30	$7,320	$7,320

Expense ratio

0.36%AINP
0.36%MSTI

AINP0.36%MSTI0.36%

0.30%1.13%

Middle half of Multi-Sector Bond Income funds
Median 0.60%

AINP 3rd cheapest of 23 funds

MSTI 3rd cheapest of 23 funds

AINP vs MSTI Dividends

Last 12 months to Nov 2, 2026

Yield (12M): AINP 5.84%, better; MSTI 5.40%
Payout (12M): AINP $1.42; MSTI $1.08
Last payment: AINP $0.07; MSTI $0.09
Ex-dividend: AINP Oct 23, 2026; MSTI Oct 28, 2026
Paid on: AINP Oct 27, 2026; MSTI Oct 30, 2026
Frequency: AINP Monthly; MSTI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

AINPMonthly · 24 paymentsAll AINP payments⁠

MSTIMonthly · 38 paymentsAll MSTI payments⁠

AINP vs MSTI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AINP 3.2%since Jan 2025MSTI 2.7%
Return per unit of riskSharpe ratio, 3 years: AINP 0.08since Jan 2025MSTI 0.45
Worst fallMax drawdown, 5 years: AINP −2.9%since Dec 2024MSTI −1.7%since Sep 2023
Market sensitivityBeta, 5 years: AINP 0.10MSTI 0.10; Market = 1

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