MSTI Madison Short Term Strategic Income ETF
Quote as of Oct 09, 2026 18:10 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 19.82 | Day Range | 19.81 – 19.81 |
| 52-Week Range | 19.60 – 20.81 | Volume | 1.36K |
| Avg Volume | 1.40K | AUM | $48.1M (Oct 10, 2026) |
| Expense Ratio | 0.36% | Yield (TTM) | 5.47% |
| NAV | 19.83 | Premium/Discount | -0.11% indicative |
| Inception | Sep 05, 2023 | Holdings | 99 |
| Issuer | Madison Funds | Exchange | AMEX |
| Category | Government Bonds | Index Tracked | Not stated in source data |
| CUSIP | 557441201 | ISIN | US5574412012 |
| Structure | Inverse | ||
| Management | Not stated in source data | ||
About this ETF
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
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -1.20% | -1.98% | -3.27% | -3.36% | -4.11% | -0.15% | — | — | -0.29% |
| Total return | -1.20% | -1.54% | -1.64% | -0.80% | +0.35% | +4.99% | — | — | +4.73% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.36% | Annual cost of a $10,000 investment | $36.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 115 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | United States Treasury Note/Bond 4.625%… | 91282CJA0 | 2.59% | 1.25M | $1.2M |
| 2 | United States Treasury Note/Bond 4.125%… | 91282CFV8 | 2.47% | 1.25M | $1.2M |
| 3 | Fannie Mae Pool 5% 12/01/2052 | 31418ELX6 | 2.29% | 1.17M | $1.1M |
| 4 | JPMorgan Chase & Co 4.203% 07/23/2029 | 46647PAV8 | 2.25% | 1.10M | $1.1M |
| 5 | AerCap Ireland Capital DAC / AerCap Global… | 00774MAR6 | 2.14% | 1.03M | $1.0M |
| 6 | Huntington Bancshares Inc/OH 6.208% 08/21/2029 | 446150BC7 | 2.11% | 1.00M | $1.0M |
| 7 | PNC Financial Services Group Inc/The 5.354%… | 693475BK0 | 2.09% | 1.00M | $1.0M |
| 8 | Fannie Mae Pool 5.5% 07/01/2053 | 31418ET67 | 2.09% | 1.04M | $1.0M |
| 9 | Energy Transfer LP 5.25% 07/01/2029 | 29273VAZ3 | 2.07% | 1.00M | $995.1K |
| 10 | Fifth Third Bancorp 4.772% 07/28/2030 | 316773DG2 | 2.03% | 1.00M | $978.8K |
| 11 | US BANK MMDA - USBGFS 9 09/01/2037 | 8AMMF0JA0 | 1.97% | 949.42K | $949.4K |
| 12 | Capital One Financial Corp 5.463% 07/26/2030 | 14040HDG7 | 1.92% | 925.00K | $921.2K |
| 13 | Bank of America Corp 4.948% 07/22/2028 | 06051GKW8 | 1.81% | 870.00K | $869.8K |
| 14 | Marathon Petroleum Corp 5.15% 03/01/2030 | 56585ABK7 | 1.80% | 875.00K | $866.3K |
| 15 | Freddie Mac Pool 4.5% 11/01/2052 | 3132DWFF5 | 1.77% | 936.10K | $851.7K |
| 16 | LPL Holdings Inc 4% 03/15/2029 | 50212YAD6 | 1.60% | 800.00K | $767.4K |
| 17 | TransDigm Inc 6.875% 12/15/2030 | 893647BS5 | 1.58% | 750.00K | $759.2K |
| 18 | Goldman Sachs Group Inc/The 4.482% 08/23/2028 | 38141GZU1 | 1.54% | 743.00K | $739.0K |
| 19 | Synchrony Financial 5.45% 03/06/2031 | 87165BAW3 | 1.52% | 750.00K | $733.3K |
| 20 | Space Exploration Technologies Corp 5.35%… | 84615QAA1 | 1.48% | 750.00K | $713.9K |
| 21 | Bank of America Corp 4.456% 02/06/2032 | 060505GQ1 | 1.48% | 750.00K | $713.2K |
| 22 | SBA Communications Corp 3.875% 02/15/2027 | 78410GAD6 | 1.48% | 713.00K | $709.5K |
| 23 | Eaton Corp 4.5% 03/06/2033 | 278058DY5 | 1.46% | 750.00K | $703.4K |
| 24 | Valero Energy Partners LP 4.5% 03/15/2028 | 91914JAB8 | 1.44% | 700.00K | $694.0K |
| 25 | Government National Mortgage Association 4.75%… | 38385KZ60 | 1.43% | 722.99K | $685.7K |
| 26 | Oracle Corp 4.8% 09/26/2032 | 68389XDK8 | 1.39% | 750.00K | $667.4K |
| 27 | Cash & Other | — | 1.34% | 645.11K | $645.1K |
| 28 | Fannie Mae REMICS 4.5% 03/25/2055 | 3136BY3V2 | 1.32% | 679.14K | $635.2K |
| 29 | RHP Hotel Properties LP / RHP Finance Corp… | 749571AJ4 | 1.31% | 625.00K | $631.9K |
| 30 | Booz Allen Hamilton Inc 3.875% 09/01/2028 | 09951LAA1 | 1.31% | 650.00K | $629.3K |
| 31 | Clean Harbors Inc 6.375% 02/01/2031 | 184496AQ0 | 1.30% | 625.00K | $625.3K |
| 32 | Celanese US Holdings LLC 6.165% 07/15/2027 | 15089QAM6 | 1.29% | 613.00K | $620.5K |
| 33 | Fannie Mae Pool 4% 07/01/2055 | 3140W3J83 | 1.27% | 696.37K | $609.5K |
| 34 | Lamar Media Corp 4.875% 01/15/2029 | 513075BW0 | 1.26% | 620.00K | $605.3K |
| 35 | Lamb Weston Holdings Inc 4.875% 05/15/2028 | 513272AC8 | 1.23% | 600.00K | $591.4K |
| 36 | Freddie Mac Pool 5% 05/01/2040 | 3132D6J50 | 1.22% | 600.97K | $584.6K |
| 37 | Roller Bearing Co of America Inc 4.375%… | 775631AD6 | 1.15% | 575.00K | $553.1K |
| 38 | Iron Mountain Inc 4.5% 02/15/2031 | 46284VAN1 | 1.10% | 575.00K | $529.2K |
| 39 | Fannie Mae REMICS 5.5% 05/25/2048 | 3136BVRA8 | 1.07% | 523.43K | $516.6K |
| 40 | Boeing Co/The 6.298% 05/01/2029 | 097023DQ5 | 1.06% | 500.00K | $509.8K |
| 41 | Towd Point Mortgage Trust 2024-4 4.581%… | 89183GAA4 | 1.05% | 524.34K | $503.6K |
| 42 | Sysco Holdings Corp/ Sysco Corp 7.1% 10/06/2056 | 87183XAH6 | 1.05% | 500.00K | $503.0K |
| 43 | Verizon Master Trust 5.54% 04/22/2030 | 92348KCS0 | 1.04% | 500.00K | $501.8K |
| 44 | Morgan Stanley 3.772% 01/24/2029 | 61744YAP3 | 1.02% | 500.00K | $491.1K |
| 45 | Alphabet Inc 4.875% 08/15/2031 | 02079KCQ8 | 1.01% | 500.00K | $487.5K |
| 46 | Honeywell Aerospace Inc 4.3% 03/16/2031 | 43849RAP0 | 0.99% | 500.00K | $475.7K |
| 47 | Morgan Stanley 4.493% 01/16/2032 | 61748UAS1 | 0.99% | 500.00K | $474.4K |
| 48 | Goldman Sachs Group Inc/The 4.516% 01/21/2032 | 38145GAR1 | 0.99% | 500.00K | $474.3K |
| 49 | Freddie Mac Pool 6% 08/01/2056 | 3142J6EV1 | 0.98% | 478.46K | $470.8K |
| 50 | Government National Mortgage Association 4.5%… | 38383JBF1 | 0.98% | 490.59K | $470.5K |
| 51 | Government National Mortgage Association 4.5%… | 38381LTG7 | 0.95% | 477.64K | $455.6K |
| 52 | Fannie Mae Pool 5% 04/01/2046 | 31418FWC7 | 0.93% | 471.19K | $447.3K |
| 53 | Government National Mortgage Association 4.5%… | 38385JUB7 | 0.93% | 470.29K | $445.9K |
| 54 | Boston Properties LP 6.75% 12/01/2027 | 10112RBG8 | 0.88% | 415.00K | $421.8K |
| 55 | Fannie Mae Pool 5% 10/01/2052 | 31418EJ76 | 0.84% | 429.71K | $403.9K |
| 56 | GE HealthCare Technologies Inc 4.8% 08/14/2029 | 36266GAA5 | 0.82% | 400.00K | $394.3K |
| 57 | American Express Co 5.016% 04/25/2031 | 025816EF2 | 0.82% | 400.00K | $393.4K |
| 58 | Gartner Inc 4.5% 07/01/2028 | 366651AC1 | 0.81% | 400.00K | $390.6K |
| 59 | Fannie Mae Pool 5.5% 10/01/2054 | 3140XRMF9 | 0.80% | 400.09K | $384.7K |
| 60 | Simon Property Group LP 4.3% 01/15/2031 | 828807EB9 | 0.79% | 400.00K | $381.1K |
| 61 | Freddie Mac REMICS 5% 07/25/2052 | 3137HMM72 | 0.77% | 378.85K | $372.7K |
| 62 | Fannie Mae REMICS 3% 12/25/2044 | 3136AUQS3 | 0.74% | 365.87K | $353.6K |
| 63 | Fannie Mae REMICS 5.5% 10/25/2051 | 3136BUHL7 | 0.72% | 348.62K | $347.0K |
| 64 | Fannie Mae REMICS 5.5% 05/25/2051 | 3136BULD0 | 0.69% | 333.29K | $332.2K |
| 65 | Fannie Mae Pool 5% 11/01/2052 | 31418EKU3 | 0.68% | 350.60K | $329.2K |
| 66 | Fannie Mae REMICS 5.5% 10/25/2051 | 3136BUH37 | 0.68% | 327.77K | $326.5K |
| 67 | Fannie Mae Pool 5% 09/01/2045 | 31418FPT8 | 0.65% | 328.61K | $313.2K |
| 68 | Towd Point Mortgage Trust 2024-CES1 5.848%… | 89183CAA3 | 0.63% | 302.28K | $301.6K |
| 69 | Freddie Mac Pool 6% 01/01/2053 | 3132DPPA0 | 0.61% | 300.25K | $295.5K |
| 70 | KeyCorp 4.1% 04/30/2028 | 49326EEG4 | 0.61% | 300.00K | $295.3K |
| 71 | Fannie Mae Pool 5.5% 11/01/2055 | 31418FQ91 | 0.61% | 305.65K | $293.2K |
| 72 | Freddie Mac Pool 5% 11/01/2052 | 3132DWFG3 | 0.54% | 276.50K | $259.7K |
| 73 | Morgan Stanley 5.23% 01/15/2031 | 61748UAE2 | 0.51% | 250.00K | $246.5K |
| 74 | Paychex Inc 5.1% 04/15/2030 | 704326AA5 | 0.51% | 250.00K | $246.2K |
| 75 | Truist Financial Corp 5.071% 05/20/2031 | 89788MAU6 | 0.51% | 250.00K | $244.9K |
| 76 | Freddie Mac Pool 6% 10/01/2056 | 3142J6FH1 | 0.51% | 248.56K | $244.6K |
| 77 | Fidelity National Information Services Inc 4.8%… | 31620MCE4 | 0.50% | 250.00K | $239.1K |
| 78 | Centene Corp 4.25% 12/15/2027 | 15135BAR2 | 0.46% | 222.00K | $221.8K |
| 79 | Kinder Morgan Inc 5% 02/01/2029 | 494553AD2 | 0.45% | 220.00K | $218.6K |
| 80 | Fannie Mae REMICS 5.5% 05/25/2036 | 3136BQAW9 | 0.42% | 203.41K | $202.8K |
| 81 | American Express Credit Account Master Trust… | 02589BAE0 | 0.42% | 200.00K | $200.0K |
| 82 | Freddie Mac REMICS 5.5% 04/25/2049 | 3137HDJY7 | 0.39% | 188.83K | $187.8K |
| 83 | Government National Mortgage Association 6%… | 38381UUQ3 | 0.37% | 184.20K | $177.1K |
| 84 | Fannie Mae Pool 5% 11/01/2044 | 31418FEM5 | 0.36% | 183.46K | $174.8K |
| 85 | Freddie Mac REMICS 5% 05/25/2049 | 3137HFKT1 | 0.27% | 129.03K | $128.3K |
| 86 | Fannie Mae REMICS 4% 05/25/2031 | 31397SD27 | 0.25% | 121.73K | $118.5K |
| 87 | CNH Equipment Trust 2023-A 4.77% 10/15/2030 | 12664QAD6 | 0.25% | 118.00K | $118.1K |
| 88 | Fannie Mae REMICS 5.5% 09/25/2035 | 31394FHV0 | 0.22% | 104.74K | $103.8K |
| 89 | Fannie Mae Pool 3.5% 12/01/2031 | 31418AAV0 | 0.17% | 86.86K | $83.5K |
| 90 | JP Morgan Mortgage Trust Series 2024-5 6%… | 46658RAD0 | 0.17% | 83.48K | $83.0K |
| 91 | Fannie Mae REMICS 3.5% 04/25/2031 | 31397SHK3 | 0.14% | 68.65K | $66.2K |
| 92 | Freddie Mac REMICS 4% 03/15/2036 | 3137FJX79 | 0.14% | 66.11K | $65.9K |
| 93 | Fannie Mae Pool 5.5% 11/01/2033 | 31385XQ91 | 0.13% | 62.83K | $62.5K |
| 94 | Fannie Mae Pool 4% 02/01/2035 | 31418BM37 | 0.11% | 57.79K | $55.3K |
| 95 | Freddie Mac REMICS 5% 07/15/2036 | 31396UUY4 | 0.10% | 49.79K | $48.7K |
| 96 | Fannie Mae REMICS 5.5% 12/25/2035 | 3136BAN34 | 0.08% | 304.43K | $40.8K |
| 97 | Fannie Mae Pool 5.5% 10/01/2033 | 31371LDH9 | 0.08% | 37.91K | $37.7K |
| 98 | Enterprise Fleet Financing 2022-4 LLC 5.65%… | 29374GAC5 | 0.07% | 32.76K | $32.8K |
| 99 | United States Treasury Note/Bond 4.125%… | 91282CFM8 | 0.05% | 25.00K | $24.9K |
| 100 | United States Treasury Note/Bond 3.875%… | 91282CGC9 | 0.05% | 25.00K | $24.8K |
| 101 | United States Treasury Note/Bond 4% 06/30/2028 | 91282CHK0 | 0.05% | 25.00K | $24.7K |
| 102 | United States Treasury Note/Bond 4.625%… | 91282CHZ7 | 0.05% | 25.00K | $24.7K |
| 103 | United States Treasury Note/Bond 3.625%… | 91282CGT2 | 0.05% | 25.00K | $24.6K |
| 104 | United States Treasury Note/Bond 4.25%… | 91282CKX8 | 0.05% | 25.00K | $24.6K |
| 105 | United States Treasury Note/Bond 4.125%… | 91282CKG5 | 0.05% | 25.00K | $24.6K |
| 106 | United States Treasury Note/Bond 3.75%… | 91282CJR3 | 0.05% | 25.00K | $24.4K |
| 107 | United States Treasury Note/Bond 3.875%… | 91282CFL0 | 0.05% | 25.00K | $24.3K |
| 108 | United States Treasury Note/Bond 3.875%… | 91282CGB1 | 0.05% | 25.00K | $24.2K |
| 109 | United States Treasury Note/Bond 4.25%… | 91282CKW0 | 0.05% | 25.00K | $24.2K |
| 110 | United States Treasury Note/Bond 4% 07/31/2030 | 91282CHR5 | 0.05% | 25.00K | $24.2K |
| 111 | United States Treasury Note/Bond 4.125%… | 91282CKF7 | 0.05% | 25.00K | $24.1K |
| 112 | United States Treasury Note/Bond 3.625%… | 91282CGS4 | 0.05% | 25.00K | $23.9K |
| 113 | United States Treasury Note/Bond 3.75%… | 91282CJQ5 | 0.05% | 25.00K | $23.8K |
| 114 | Fannie Mae Pool 3% 09/01/2030 | 31410LRR5 | 0.04% | 20.39K | $19.7K |
| 115 | Freddie Mac REMICS 3% 04/15/2027 | 3137ANUB9 | 0.01% | 2.62K | $2.6K |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 5.47% | Paid (last 12 months) | $1.0833 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 28, 2026 | Last payment | $0.0796 (Sep 30, 2026) |
| Growth 1Y | +3.83% | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 28, 2026 | Sep 28, 2026 | Sep 30, 2026 | $0.0796 |
| Aug 27, 2026 | Aug 27, 2026 | Aug 31, 2026 | $0.0768 |
| Jul 29, 2026 | Jul 29, 2026 | Jul 31, 2026 | $0.0907 |
| Jun 26, 2026 | Jun 26, 2026 | Jun 30, 2026 | $0.0799 |
| May 27, 2026 | May 27, 2026 | May 29, 2026 | $0.0830 |
| Apr 28, 2026 | Apr 28, 2026 | Apr 30, 2026 | $0.0928 |
| Mar 27, 2026 | Mar 27, 2026 | Mar 31, 2026 | $0.0908 |
| Feb 25, 2026 | Feb 25, 2026 | Feb 27, 2026 | $0.0239 |
| Jan 28, 2026 | Jan 28, 2026 | Jan 30, 2026 | $0.0719 |
| Dec 26, 2025 | Dec 26, 2025 | Dec 30, 2025 | $0.2193 |
| Nov 26, 2025 | Nov 26, 2025 | Nov 28, 2025 | $0.0797 |
| Oct 29, 2025 | Oct 29, 2025 | Oct 31, 2025 | $0.0949 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 2.45% / 2.69% | Sharpe 1Y / 3Y | -1.52 / 0.366 |
| Max drawdown 1Y / 3Y | -2.42% / -2.42% | Sortino 1Y | -2.09 |
| Beta vs S&P 500 (3Y) | 0.055 | Correlation vs S&P 500 (1Y) | 0.336 |
| Downside deviation 1Y | 1.78% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 1.36K | Average volume | 1.40K |
| AUM | $48.1M | Premium/Discount | -0.11% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $61.8K | +0.13% | $48.0M → $48.1M |
| 1 Month | -$235.1K | -0.48% | $48.7M → $48.1M |
| 1 Week | -$34.9K | -0.07% | $48.0M → $48.1M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for MSTI
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.