Madison Investments Unveils MSTI, Latest Addition to Actively-Managed ETF Suite
September 06 2023 - 8:07AM
Madison Investments, an independently-owned investment firm
managing $22.9 billion in assets, today announces the launch of the
Madison Short Term Strategic Income ETF (NYSE: MSTI), the fourth
addition to its suite of actively-managed, income-driven
exchange-traded funds (ETFs).
This expansion follows the launch of the suite’s first fixed
income fund, the Madison Aggregate Bond ETF (NYSE: MAGG), which
launched last week. Each ETF in the suite utilizes a dedicated
investment process designed to help investors pursue income and
capital appreciation through institutional-caliber, risk-controlled
investment strategies.
The Madison Short Term Strategic Income ETF is designed to
generate a high level of current income by allocating to a diverse
set of fixed income sectors and individual securities within a
typical duration range of 3-5 years. Its list of high-quality
securities is built by actively managing portfolio duration, yield
curve positioning, sector/industry allocation and credit quality.
It has an expense ratio of 0.40%. Mike Sanders, Head of Fixed
Income, manages the Madison Short Term Strategic Income ETF
alongside Allen Olson and Chris Schroeder. The team has a combined
70 years of experience.
Sanders notes, “Through our active management approach, our
fixed income ETFs are designed to help investors capitalize on the
opportunities presented by this current rising rate environment. We
created MSTI and its companion fund, MAGG, to address the growing
need for fixed income strategies that generate yield from the bond
market with a proactive approach to risk.”
For more information on the Madison Short Term Strategic Income
ETF and Madison Investments’ ETF suite, please visit
madisonfunds.com/etfs.
About Madison Investments:Madison Investments
is an independent investment management firm based in Madison, WI.
The firm was founded in 1974, has approximately $22.9 billion in
assets under management as of June 30, 2023, and is recognized as
one of the nation’s top investment firms. Madison Investments
offers domestic fixed income, U.S. and international equity,
covered call, multi-asset, insurance, and credit union investment
management strategies.
For more information, please visit:
https://madisoninvestments.com/
Media Contact:Gregory FCA for Madison
Investmentsmadisoninvestments@gregoryfca.com
Disclosures
Before investing in any Madison Fund, you should
carefully consider investment objectives, risks, charges and
expenses. This and other important information is contained in the
Fund’s prospectus and summary
prospectuses and should be read carefully
before investing. Investments are not FDIC-insured, nor are
they deposits of or guaranteed by a bank or any other entity, so
they may lose value. This website is intended for U.S.
residents only. The information on this website does not
constitute an offer to sell, or a solicitation of an offer to
purchase, securities in any jurisdiction to any person to whom it
is not lawful to make such an offer. Past performance is no
guarantee of future results.
“Madison” and/or “Madison Investments” is the unifying tradename
of Madison Investment Holdings, Inc., Madison Asset Management,
LLC, and Madison Investment Advisors, LLC. Madison Funds are
distributed by MFD Distributor, LLC. Madison is registered as an
investment adviser with the U.S. Securities and Exchange
Commission. MFD Distributor, LLC is registered with the U.S.
Securities and Exchange Commission as a broker-dealer and is a
member firm of the Financial Industry Regulatory Authority
(www.finra.org).
The net asset value (“NAV”) per share for each fund and class is
determined each business day at the close of regular trading on the
New York Stock Exchange (typically 4:00 p.m. Eastern Time) by
dividing the net assets of each fund and class by the number of
shares outstanding of that fund and class.
Shares of any ETF are bought and sold at market price (not NAV),
may trade at a discount or premium to NAV and are not individually
redeemed from the Fund.
Diversification does not assure a profit or protect against
loss in a declining market.
MAGG and MSTI - An investment in these funds is subject to risk
and there can be no assurance that the fund will achieve its
investment objective. The risks associated with an investment in
these funds can increase during times of significant market
volatility. The principal risks of investing in these funds
include: interest rate risk, call risk, risk of default, liquidity
risk, mortgage-backed security risk, credit risk and
repayment/extension risk, non-investment grade security risk and
foreign security and emerging market risk. As interest rates rise,
the prices of bonds fall. Long-term bonds are more exposed to
interest-rate risk than short-term bonds. Unlike bonds, bond funds
have ongoing fees and expenses. More detailed information regarding
these risks can be found in the individual fund’s prospectus.
Duration is a measure of the sensitivity of the price of a bond
or other debt instrument to a change in interest rates. Duration
measures how long it takes, in years, for an investor to be repaid
the bond’s price by the bond’s total cash flows.
Yield curve is a graph showing the various yields of similar
types of securities that vary in their maturity dates.
The firm’s Assets Under Management is calculated as of
6/30/2023. The AUM includes all accounts to which Madison provides
discretionary and non-discretionary advisory services, including
accounts of a third-party adviser where Madison provides
non-discretionary model portfolio services.
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