Madison Investments has entered this active fixed income ETF space with the launch of the Madison Aggregate Bond ETF. This ETF invests in various bond types to achieve superior long-term risk-adjusted performance while maintaining lower risk compared to benchmarks. With an expense ratio of 0.40%, it marks Madison Investments’ third ETF launch and its first in the fixed income category.
Co-managed by Mike Sanders, Head of Fixed Income, and Allen Olson, Portfolio Manager, the Madison Aggregate Bond ETF will hold a diversified portfolio of 100 to 500 securities, with a maximum allocation of 10% in non-investment grade credit. Currently, the fund boasts an average duration of 6.3 years, positioning it as an attractive option for investors seeking income and risk-conscious investing in the fixed income space.