MSTI ETF — Madison Short-Term Strategic Income ETF
Madison Short-Term Strategic Income ETF (MSTI)
MSTI is an ETF. As of August 19, 2026, its distribution rate is 5.39%, its trailing-12-month yield is 5.42%, its expense ratio is 0.36%. Dividend Vision Distribution Safety Score™ is 95/100 (Safe). Fund total return is 17.3% over the past 2.9 years, 61.2 points behind SPY at 78.5%.
At the current 5.39% distribution rate, a $10,000 investment would generate approximately $539 per year, or $44.92 per month on an equivalent basis.
MSTI dividend yield and income
Data as of August 19, 2026.
The distribution rate (5.39%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (5.42%) is the last year of payments divided by the current price. The last dividend was $0.0907. The last ex-dividend date was 07/29/2026. It was paid on 07/31/2026. At 5.39%, $10,000 would generate about $539 a year ($44.92 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-07-29 | $0.091 | 16.7% |
| 2026-06-26 | $0.08 | -1.2% |
| 2026-05-27 | $0.083 | -9.8% |
| 2026-04-28 | $0.093 | 8.1% |
| 2026-03-27 | $0.091 | 2.2% |
| 2026-02-25 | $0.024 | -42.9% |
| 2026-01-28 | $0.072 | -8.9% |
| 2025-12-26 | $0.219 | 47.0% |
| 2025-11-26 | $0.08 | -14.9% |
| 2025-10-29 | $0.095 | 9.2% |
| 2025-09-26 | $0.084 | 0.0% |
| 2025-08-27 | $0.082 | -13.7% |
| 2025-07-29 | $0.078 | 5.4% |
| 2025-06-26 | $0.081 | -1.2% |
| 2025-05-28 | $0.092 | -17.1% |
| 2025-04-28 | $0.086 | -1.1% |
| 2025-03-27 | $0.089 | -7.3% |
| 2025-02-26 | $0.042 | -50.6% |
| 2025-01-29 | $0.079 | 12.9% |
| 2024-12-27 | $0.149 | 28.4% |
| 2024-11-26 | $0.094 | 4.4% |
| 2024-10-28 | $0.087 | -1.1% |
| 2024-09-26 | $0.084 | 236.0% |
| 2024-08-27 | $0.095 | — |
| 2024-07-26 | $0.074 | — |
| 2024-06-26 | $0.082 | — |
| 2024-05-29 | $0.111 | — |
| 2024-04-25 | $0.087 | — |
| 2024-03-26 | $0.096 | — |
| 2024-02-26 | $0.085 | — |
| 2024-01-26 | $0.07 | — |
| 2023-12-26 | $0.116 | — |
| 2023-11-27 | $0.09 | — |
| 2023-10-26 | $0.088 | — |
| 2023-09-26 | $0.025 | — |
| 2023 total | $0.319 | — |
| 2024 total | $1.114 | 249.2% |
| 2025 total | $1.107 | -0.6% |
| 2026 YTD total | $0.534 | -2.4% |
MSTI dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -0.31%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is -17.17%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut.
| Window | Change |
|---|---|
| 1Y | 19.8% |
MSTI performance versus SPY
Data as of August 19, 2026.
Fund total return is 17.3% over the past 2.9 years, 61.2 points behind SPY at 78.5%. Its deepest 1-year drawdown was 1.3%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (2.9 years) | 17.3% | 5.60% |
MSTI key facts
Data as of August 19, 2026.
- Distribution Safety Score™
- 95 · Safe
- Safety-Adjusted Yield
- 5.12%
- Issuer
- Madison Asset Management, LLC
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 09/05/2023
- Expense ratio
- 0.36%
- Distribution rate
- 5.39%
- Distribution frequency
- Monthly
- Trailing yield
- 5.42%
- Last close
- $20.19
- AUM
- $49,053,207
- Average volume
- 1227.0
- Last dividend
- $0.0907
- Ex-dividend date
- 07/29/2026
- Payment date
- 07/31/2026
How Dividend Vision calculates yield and returns
Distribution rate (5.39%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (5.42%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
Primary sources: Madison Asset Management, LLC; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
MSTI risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.3%.
Who may consider MSTI — and who may not
MSTI may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Frequently asked questions
Does MSTI pay monthly?
Yes. MSTI currently pays monthly.
What is MSTI's expense ratio?
MSTI's expense ratio is 0.36%.
What is MSTI's dividend yield?
MSTI currently yields 5.39%, paid monthly, with a 0.36% expense ratio.
How has MSTI's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -0.31%. That is not a single quarter versus the prior quarter.
When does MSTI pay a dividend?
MSTI pays monthly. The last dividend was $0.0907. The last ex-dividend date was 07/29/2026. It was paid on 07/31/2026.
How has MSTI performed?
Fund total return is 17.3% over the past 2.9 years, 61.2 points behind SPY at 78.5%. Its deepest 1-year drawdown was 1.3%.
Is MSTI a good investment?
MSTI's Dividend Vision Distribution Safety Score is 95 (Safe). That is a risk signal, not investment advice. It currently yields 5.39%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from Madison Asset Management, LLC.
Tickers
| Ticker | Name | Weight |
|---|