Madison Aggregate Bond ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About MAGG
Undernormal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds.To keep current income relatively stable and to limit share price volatility, the Fund emphasizes investment grade securitiesand maintains an intermediate (typically 3-7 year) average portfolio duration, with the goal of being between 75-125% of the marketbenchmark duration (for this purpose, the benchmark used is Bloomberg U.S. Aggregate Bond Index, the duration of which as of June30, 2025 was 5.70 years). Duration is an approximation of the expected change in a debt security’s price given a 1% movein interest rates, using the following formula: change in debt security value = (change in interest rates) x (duration) x (-1).By way of example, assume XYZ company issues a five-year bond which has a duration of 4.5 years. If interest rates were to instantlyincrease by 1%, the bond would be expected to decrease in value by approximately 4.5%. MadisonAsset Management, LLC (“Madison” or the “Advisor”) strives to add incremental return inthe portfolio by making strategic decisions relating to credit risk, sector exposure and yield curve positioning. Tidal InvestmentsLLC (“Tidal” or the “Subadvisor”) provides advisory services to the Fund by, among other things, tradingequity portfolio securities (if any) and performing related services, providing tax optimization services and assists in basketcreation, reporting and monitoring, portfolio compliance monitoring and reporting. The Fund generally holds 100-500 individualsecurities in its portfolio at any given time and may invest in the following instruments: ● Corporate debt securities: securities issued by domestic corporations; ● U.S. Government debt securities: securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities; and ● Up to 10% of its assets in non-investment grade debt securities (securities not rated within the four highest categories (i.e., “junk bonds”) or non-rated debt securities (securities issued or guaranteed by corporations, financial institutions, and others which, although not rated by a national rating service, are considered by Madison to have an investment quality equivalent to those categories in which the Fund is permitted to invest). Madisonmay alter the composition of the Fund with regard to quality and maturity and may sell securities prior to maturity. Under normalmarket conditions, however, turnover for the Fund is generally not expected to exceed 100%. Sales of fund securities may resultin capital gains. This can occur any time Madison sells a bond at a price that was higher than the purchase price, even if Madisondoes not engage in active or frequent trading. Madison’s intent when it sells bonds is to “lock in” any gainsalready achieved by that investment or, alternatively, prevent additional or potential losses that could occur if Madison continuedto hold the bond. Turnover may also occur when Madison finds an investment that could generate a higher return than the investmentcurrently held. However, increasing portfolio turnover at a time when Madison’s assessment of market performance is incorrectcould lower investment performance. The Fund pays implied brokerage commissions when it purchases or sells bonds, which is thedifference between the bid and ask price. As a result, as portfolio turnover increases, the cumulative effect of this may hurtFund performance. Under normal market conditions, the Fund will not engage in active or frequent trading of its bonds. However,it is possible that Madison will determine that market conditions require a significant change to the composition of the Fund’sportfolio. For example, if interest rates begin to rise, Madison may attempt to sell bonds in anticipation of further rate increasesbefore they lose more value. Also, if the Fund experiences large swings in shareholder purchases and redemptions, Madison maybe required to sell bonds more frequently in order to generate the cash needed to pay redeeming shareholders. Under these circumstances,the Fund could make a taxable capital gain distribution. TheFund may invest up to 10% of its net assets in shares of other registered investment companies that principally invest in fixedincome securities. The Fund may also invest, without limit, in securities that have not been registered under the Securities Actof 1933 (the “Securities Act”) and continue to be subject to restrictions on resale, securities held by control personsof the issuer and securities that are subject to contractual restrictions on their resale (collectively, “restricted securities”).Restricted securities include, without limitation, securities eligible for purchase and sale pursuant to Rule 144A under the SecuritiesAct (“Rule 144A”) and other securities issued in private placements. Under normal market conditions, the Fund willlimit its investments in Rule 144A securities to securities with $100 million or more in principal amount outstanding as of thetime of their original issuance. TheFund’s investment strategy reflects Madison’s general “Participate and Protect®” investmentphilosophy. Madison’s expectation is that investors in the Fund will participate near fully in market appreciation duringbull markets and experience something less than full participation during bear markets compared with investors in portfolios holdingmore speculative and volatile securities; therefore, this investment philosophy is intended to represent a conservative investmentstrategy. There is no assurance that Madison’s expectations regarding this investment strategy will be realized.
MAGG News
- Precision Trading with Madison Aggregate Bond Etf (MAGG) Risk Zones
- Trading Systems Reacting to (MAGG) Volatility
- Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Up 97.1% in July
- How Madison Aggregate Bond Etf (MAGG) Affects Rotational Strategy Timing
- How Madison Aggregate Bond Etf (MAGG) Affects Rotational Strategy Timing
- (MAGG) and the Role of Price-Sensitive Allocations
- Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Up 26,366.7% in June
- Responsive Playbooks and the MAGG Inflection
- Madison Aggregate Bond ETF (NYSEARCA:MAGG) Sees Significant Drop in Short Interest
Data for MAGG is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.