Madison Investments Expands Actively-Managed ETF Suite with First of Two Fixed-Income Funds
- Madison Investments expands its ETF suite to meet the growing demand for active, fixed income solutions.
- The Madison Aggregate Bond ETF aims to generate superior long-term risk-adjusted performance by actively managing portfolio duration, yield curve positioning, sector/industry allocation, and credit quality.
- The Madison Aggregate Bond ETF has an expense ratio of 0.40%.
- The experienced team of Mike Sanders and Allen Olson manage the Madison Aggregate Bond ETF with a combined 54 years of industry experience.
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MAGG Meets Growing Demand for Active, Fixed Income Solutions
MADISON, Wis., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Madison Investments, an independently-owned investment firm managing
This expansion follows the launch of the suite’s two equity funds: The Madison Covered Call ETF (NYSE: CVRD) and the Madison Dividend Value ETF (NYSE: DIVL). The ETF suite combines Madison’s decades-long track record of risk-conscious investing with an active management approach designed to pursue stable income with lower-than-benchmark risk. The firm will round out its ETF suite in the coming weeks with the addition of a second fixed income product, the Madison Short Term Strategic Income ETF (NYSE: MSTI).
“Our expanding ETF suite highlights our commitment to providing strategies that embody our longstanding ‘Participate and Protect’ philosophy,” said Steven Carl, Chair of the Executive Committee and Chief Distribution Officer. “Each product was designed to balance potential returns with prudent risk management.”
The Madison Aggregate Bond ETF aims to generate superior long-term risk-adjusted performance by allocating across a diverse set of fixed income sectors and individual securities. Adhering to a disciplined investment process that features proprietary research and a high-quality bias, the fund actively manages portfolio duration, yield curve positioning, sector/industry allocation, and credit quality. It has an expense ratio of
Sanders notes, "Today’s rising rate environment has revitalized the appeal of bonds for investors looking for yield. MAGG is the first of two funds designed to address the growing demand for dynamic, risk-managed fixed income strategies. We firmly believe active management is essential for getting the most value out of your fixed income allocation.”
For more information on the Madison Aggregate Bond ETF and Madison Investments’ ETF suite, please visit madisonfunds.com/etfs.
About Madison Investments:
Madison Investments is an independent investment management firm based in Madison, WI. The firm was founded in 1974, has approximately
For more information, please visit: https://madisoninvestments.com/
Media Contact:
Gregory FCA for Madison Investments
madisoninvestments@gregoryfca.com
Disclosures
Before investing in any Madison Fund, you should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the Fund’s prospectus and summary prospectuses and should be read carefully before investing. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. This website is intended for U.S. residents only. The information on this website does not constitute an offer to sell, or a solicitation of an offer to purchase, securities in any jurisdiction to any person to whom it is not lawful to make such an offer. Past performance is no guarantee of future results.
“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC. Madison Funds are distributed by MFD Distributor, LLC. Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority (www.finra.org).
The net asset value (“NAV”) per share for each fund and class is determined each business day at the close of regular trading on the New York Stock Exchange (typically 4:00 p.m. Eastern Time) by dividing the net assets of each fund and class by the number of shares outstanding of that fund and class.
Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund.
Diversification does not assure a profit or protect against loss in a declining market.
MAGG and MSTI - An investment in these funds is subject to risk and there can be no assurance that the fund will achieve its investment objective. The risks associated with an investment in these funds can increase during times of significant market volatility. The principal risks of investing in these funds include: interest rate risk, call risk, risk of default, liquidity risk, mortgage-backed security risk, credit risk and repayment/extension risk, non-investment grade security risk and foreign security and emerging market risk. As interest rates rise, the prices of bonds fall. Long-term bonds are more exposed to interest-rate risk than short-term bonds. Unlike bonds, bond funds have ongoing fees and expenses. More detailed information regarding these risks can be found in the individual fund’s prospectus.
The Fund’s investment strategy reflects Madison’s general “Participate and Protect®” investment philosophy. Madison’s expectation is that investors in the Fund will participate near fully in market appreciation during bull markets and experience something less than full participation during bear markets compared with investors in portfolios holding more speculative and volatile securities. Therefore, the Fund’s investment philosophy is intended to represent a conservative investment strategy. There is no assurance that Madison’s expectations regarding this investment strategy will be realized.
CVRD - An investment in the fund is subject to risk and there can be no assurance the fund will achieve its investment objective. The risks associated with an investment in the fund can increase during times of significant market volatility. The principal risks of investing in the fund include: equity risk, growth and value investing risk, special risks associated with dividend paying stocks, option risk, interest rate risk, capital gain realization risks to taxpaying shareholders, and foreign security and emerging market risk. More detailed information regarding these risks can be found in the fund’s prospectus.
DIVL - An investment in the fund is subject to risk and there can be no assurance the fund will achieve its investment objective. The risks associated with an investment in the fund can increase during times of significant market volatility. The principal risks of investing in the fund include: equity risk, growth and value investing risk, special risks associated with dividend paying stocks, option risk, interest rate risk, capital gain realization risks to taxpaying shareholders, and foreign security and emerging market risk. More detailed information regarding these risks can be found in the fund’s prospectus.
Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates. Duration measures how long it takes, in years, for an investor to be repaid the bond’s price by the bond’s total cash flows.
Yield curve is a graph showing the various yields of similar types of securities that vary in their maturity dates.
The firm’s Assets Under Management is calculated as of 6/30/2023. The AUM includes all accounts to which Madison provides discretionary and non-discretionary advisory services, including accounts of a third-party adviser where Madison provides non-discretionary model portfolio services.
