Madison Aggregate Bond ETF
MAGG
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 550 Science Drive Madison WI United States of America 53711
- IPO Date
- Aug 29, 2023
- Website
- madisonfunds.com
- Similar Companies
- Business
- Madison Aggregate Bond ETF (MAGG) is an actively managed exchange-traded fund that seeks superior long-term risk-adjusted performance by investing at least 80% of its net assets in a diversified portfolio of investment-grade fixed income securities, including U.S. Treasuries, government-related bonds, mortgage-backed securities such as Freddie Mac and Fannie Mae pools, asset-backed securities, and corporate bonds; it employs strategic allocations across fixed income sectors, credit risk levels, yield curve positions, and individual securities to pursue total return opportunities while managing interest rate, credit, liquidity, and other bond-specific risks. The ETF benchmarks its performance against the Bloomberg U.S. Aggregate Bond Index and maintains an intermediate average portfolio duration, with top holdings featuring U.S. Treasury notes and bonds alongside agency mortgage-backed securities. Launched on August 28, 2023, and listed on NYSE Arca, MAGG forms part of the Madison Active Series ETFs issued by Madison ETFs Trust, managed by Madison Asset Management, LLC (a subsidiary of Madison Investments), and co-managed by Tidal Investments LLC, with portfolio management led by Mike Sanders, CFA, and Allen Olson, CFA. The fund targets institutional and retail investors seeking income and capital appreciation from U.S. public fixed income markets, emphasizing a risk-aware, active approach that leverages Madison Investments' expertise in separately managed accounts to deliver benchmark outperformance with downside protection over full market cycles. Madison Investments, headquartered in Madison, Wisconsin, operates primarily in the United States with a focus on intermediate core bond strategies. In recent developments, Madison Investments expanded its actively managed ETF suite in 2023 with the launch of MAGG as the first of two fixed-income offerings, marking a strategic entry into the ETF market to provide liquid, transparent access to its institutional-caliber strategies. The fund has continued regular dividend distributions, including ex-dividend dates in 2024 and 2025 such as April 28, 2025 (USD 0.07982 per share) and October 28, 2024 (USD 0.08132 per share), supporting its income-oriented objective amid ongoing portfolio adjustments to reflect market views on credit, sectors, and yield curves. No major acquisitions, funding rounds, or reorganizations have been reported for the ETF or its sponsor in the last two years.