Madison Investments cuts fees for two actively managed bond ETFs in 2026
Madison Investments has slashed management fees for two of its fixed income exchange-traded funds (ETFs). The change affects the Madison Aggregate Bond ETF (MAGG) and the Madison Short Term Strategic Income ETF (MSTI). Both funds will now charge investors less, starting from early March 2026.
The fee reduction takes effect on March 2, 2026. MAGG and MSTI will see their management fees drop from 0.40% to 0.36%. The two ETFs, launched in August 2023, are actively managed, focusing on areas like duration, yield positioning, and credit quality.
MAGG is a core fixed income fund with a portfolio duration typically ranging between three and seven years. It aims to provide broad diversification within the bond market. MSTI, on the other hand, targets a higher level of current income but keeps its duration at 3.5 years or less.
Madison Investments, headquartered in Madison, Wisconsin, oversees around $29.3 billion in total assets as of December 31, 2025. Of this, over $12 billion is allocated to fixed income strategies across mutual funds, ETFs, and separately managed accounts. The firm also offers a range of other investment solutions, including domestic and international equities, multi-asset strategies, and credit union management.
The fee reduction applies to two actively managed bond ETFs that launched less than three years ago. Investors in MAGG and MSTI will pay lower costs from March 2026 onward. The change aligns with Madison Investments' broader fixed income offerings, which form a significant part of its $29.3 billion in managed assets.
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