Madison ETFs Trust (MSTI) serves as the issuer of a suite of actively managed exchange-traded funds (ETFs) focused on generating current income and capital appreciation through risk-controlled strategies in equity and fixed income sectors. The trust offers four core ETFs: Madison Aggregate Bond ETF (MAGG), which invests primarily in investment-grade bonds and maintains a portfolio duration aligned with the Bloomberg U.S. Aggregate Bond Index; Madison Short-Term Strategic Income ETF (MSTI), which allocates to a diversified mix of fixed income sectors including corporate debt securities and U.S. government debt securities with a target duration of 3.5 years or less; Madison Dividend Value ETF (DIVL), emphasizing dividend-paying equities for income and growth; and Madison Covered Call ETF (CVRD), employing covered call strategies on equities to enhance yield. These products target income-oriented investors, including institutions and retail clients seeking exposure to U.S. fixed income and equity markets with below-market volatility.
Madison ETFs Trust operates under the management of Madison Asset Management, LLC and Madison Investments, with co-management support from Tidal Investments LLC for certain funds, and is domiciled in the United States with principal operations in Madison, Wisconsin. The associated Madison Investments firm, founded in 1974 and headquartered at 550 Science Drive, Madison, Wisconsin, oversees approximately $22.9 billion to $28.3 billion in assets across its broader strategies.
In recent developments, Madison Investments launched the full suite of actively managed ETFs starting in August 2023 with DIVL and CVRD, followed by MAGG in late August 2023 and MSTI on September 5, 2023, expanding its fixed income offerings to address rising interest rate environments through proactive duration and sector management. The firm reinforced its growth in 2024 by opening a new office in downtown Milwaukee to enhance client services and support portfolio teams, including fixed income strategies relevant to the ETFs. No major acquisitions, funding rounds, or reorganizations have been reported for the trust itself within the last two years.