MSTI

Madison Short Term Strategic Income ETF

Madison Funds · Income

$19.91▲ +0.3% last session▲ +0.7% YTD

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▲ +0.3%	▲ +0.9%	▼ −0.2%	▲ +0.4%	▲ +1.1%	▲ +17.7%	—	▲ +16.8%
Peer average	▲ +0.2%	▲ +1.4%	▲ +0.4%	▲ +10.0%	▲ +11.5%	▲ +59.7%	▲ +50.0%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in MSTI

What’s in this fund

MSTIMadison Short Term Strategic Income ETF

99 holdings

As of Oct 30, 2026

8AMMF0JA05.7%

91282CRM53.1%

91282CJA02.6%

31418ELX62.3%

3132DWJG92.2%

46647PAV82.2%

00774MAR62.1%

31418ET672.1%

446150BC72.1%

693475BK02.1%

29273VAZ32.1%

316773DG22.0%

14040HDG71.9%

56585ABK71.8%

06051GKW81.8%

50212YAD61.6%

893647BS51.6%

38141GZU11.5%

060505GQ11.5%

278058DY51.5%

78410GAD61.5%

84615QAA11.5%

91914JAB81.4%

38385KZ601.4%

68389XDK81.4%

3136BY3V21.3%

749571AJ41.3%

09951LAA11.3%

184496AQ01.3%

15089QAM61.3%

513075BW01.3%

513272AC81.2%

3132D6J501.2%

775631AD61.2%

46284VAN11.1%

02079KCQ81.0%

43849RAP01.0%

61748UAS11.0%

38145GAR11.0%

3142J6EV11.0%

38383JBF11.0%

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 · as of Oct 30, 2026

18AMMF0JA0US BANK MMDA - USBGFS 9 09/01/20375.68%

291282CRM5United States Treasury Note/Bond 5% 09/30/20333.13%

391282CJA0United States Treasury Note/Bond 4.625% 09/30/20282.59%

431418ELX6Fannie Mae Pool 5% 12/01/20522.33%

53132DWJG9Freddie Mac Pool 6% 09/01/20532.25%

646647PAV8JPMorgan Chase & Co 4.203% 07/23/20292.24%

700774MAR6AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.625% 10/15/20272.13%

831418ET67Fannie Mae Pool 5.5% 07/01/20532.11%

9446150BC7Huntington Bancshares Inc/OH 6.208% 08/21/20292.10%

10693475BK0PNC Financial Services Group Inc/The 5.354% 12/02/20282.08%

1129273VAZ3Energy Transfer LP 5.25% 07/01/20292.07%

12316773DG2Fifth Third Bancorp 4.772% 07/28/20302.04%

1314040HDG7Capital One Financial Corp 5.463% 07/26/20301.91%

1456585ABK7Marathon Petroleum Corp 5.15% 03/01/20301.80%

1506051GKW8Bank of America Corp 4.948% 07/22/20281.80%

1650212YAD6LPL Holdings Inc 4% 03/15/20291.59%

17893647BS5TransDigm Inc 6.875% 12/15/20301.57%

1838141GZU1Goldman Sachs Group Inc/The 4.482% 08/23/20281.53%

19060505GQ1Bank of America Corp 4.456% 02/06/20321.49%

20278058DY5Eaton Corp 4.5% 03/06/20331.47%

Go deeper

Prospectus & documentsRead the official filings

Fund factsStructure & strategy

Issuer: Madison Funds
Inception: 2023-09-05
Exchange: AMEX
CUSIP: 557441201
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

MSTI strives to achieve substantial income gains by favoring securities perceived to be of lower-risk and high quality. The fund typically holds a portfolio of 100-500 US Corporate and Government bonds that are rated investment grade but has the flexibility to invest in those of lower ratings, along with asset-backed securities. Securities selected for the fund are characterized by their credit risk, sector exposure and yield curve positioning. MSTIs goal is to maintain an average portfolio duration of three and half years or less. Additionally, the fund adheres to the Advisers Participate and Protect methodology, which aims to seize opportunities during market upturns and employ measures to reduce potential impacts of market downturns. It is important to note that while this conservative strategy aims to mitigate risk, it does not guarantee specific outcomes or complete risk elimination

Trading & liquidityNAV, volume & spreads

Reported net asset value: $19.88
NAV provider updated: 2026-10-30 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 2.5K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 5.4%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-28

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Ex-date	Pay date	Per share
2026-10-28	2026-10-30	$0.09
2026-09-28	2026-09-30	$0.08
2026-08-27	2026-08-31	$0.08
2026-07-29	2026-07-31	$0.09
2026-06-26	2026-06-30	$0.08
2026-05-27	2026-05-29	$0.08
2026-04-28	2026-04-30	$0.09
2026-03-27	2026-03-31	$0.09
2026-02-25	2026-02-27	$0.02
2026-01-28	2026-01-30	$0.07
2025-12-26	2025-12-30	$0.22
2025-11-26	2025-11-28	$0.08

Fees & costsWhat ownership costs

Net expense ratio: 0.36%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $36.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 3/5 · rule-based
Annualized volatility · 1Y: 2.30%
Beta vs VOO · 1Y: —
Maximum drawdown · 1Y: ▼ −1.6%

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind MSTI.

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