Madison Investments Expands ETF Suite with Madison Short Term Strategic Income ETF (MSTI)

Wisconsin-based investment management firm Madison Investments has unveiled its fourth actively managed ETF, the Madison Short Term Strategic Income ETF (MSTI), completing its initial suite of funds launched recently. MSTI is designed to provide a high level of current income by allocating across diverse fixed income sectors and individual securities within a typical duration range of three to five years. The fund, managed by Mike Sanders, Allen Olson, and Chris Schroeder, offers a proactive approach to risk and comes with an expense ratio of 0.40%. Madison Investments, with approximately $22.9 billion in assets under management as of June 30, 2023, is celebrating its 50th anniversary this year. Their ETF suite also includes the Madison Aggregate Bond ETF (MAGG), Madison Covered Call ETF (CVRD), and Madison Dividend Value ETF (DVIL).