MSTIMadison Short-Term Strategic Income ETF

Get income2y track recordRanked #1,005 of 1,622 in this goal

Seeks to generate a high level of current income.

By Madison Asset Management, LLC · Launched 2023

Annual Cost

0.36%

#1,826 of 5,562 · low cost

Fund Size

$49M

#3,588 of 5,562 · mid-size

Dividend YieldGoal

5.31%

Track Record

2 years

#3,139 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,407+4.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Index tracked

Bloomberg US Government/Credit Float Adjusted 1-5 Year Index

What it actually holds

By weight

Concentration

Top 10 holdings = 26.1% of fund✓ well diversified

US BANK MMDA - USBGFS 9

7.1%

BANK OF AMERICA CORP

2.6%

PNC FINANCIAL SERVICES

2.1%

MARATHON PETROLEUM CORP

2.1%

FIFTH THIRD BANCORP

2.1%

Fannie Mae

2.1%

MORGAN STANLEY

2.0%

GOLDMAN SACHS GROUP INC

2.0%

JPMORGAN CHASE & CO

2.0%

ENERGY TRANSFER LP

2.0%

Asset allocation

Bonds

97.3%

Cash

1.7%

Other

1.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.4%Low

Year-on-year price swings

Max drawdown

-1.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

5.0 years

Avg maturity

10.0 years

Credit ratings

US Government

3.5%

AAA

5.4%

34.5%

17.2%

BBB

27.6%

15.3%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to generate a high level of current income.
Strategy: Invests primarily in bonds, emphasizing investment grade securities with a short average portfolio duration (typically 3.5 years or less). Aims for a duration between 75-125% of the Bloomberg US Government/Credit Float Adjusted 1-5 Year Index. May invest up to 90% in corporate debt, 25% in non-investment grade debt, and 50% in asset-backed securities. Generally holds 100-500 securities, with turnover not expected to exceed 100%. The strategy reflects a conservative approach to balance market participation and risk management.
Inception date: September 5, 2023
Fund family: Madison Asset Management, LLC