• Core Bond Fund

Fund Objective

The bond fund seeks to generate a high level of current income, consistent with the prudent limitation of investment risk.

Investment Strategies

The fund invests at least 80% of its assets in bonds. To keep current income relatively stable and to limit share price volatility, the Fund emphasizes investment grade securities and maintains an intermediate (typically 3-6 year) average portfolio duration. In addition to U.S. Government and Corporate debt securities the fund may also invest in asset-backed and mortgage-backed securities, as well as non-rated debt securities.

Key Highlights

(as of Friday September 24, 2021)
  Class A Class B Class Y Class I
Daily Price 10.52 10.52 10.47 10.44
Ticker Symbol MBOAX MBOBX MBOYX MBOIX
Inception Date 12/29/97 12/29/97 6/30/06 2/26/2021
Expense Ratio 0.84 1.59 0.59 0.49

 

Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information

Form 8937 - Core Bond Fund Reorganization 4/19/2013
Form 8937 - Core Bond Fund Reorganization 9/11/2020

Portfolio Management


Mike Sanders, CFA
 

Allen Olson, CFA

Portfolio Highlights

Top Ten Fund Holdings
(as of August 31, 2021)
US TREASURY N/B
(2.25% 15 Nov 2025)
3.9%
US TREASURY N/B
(2.75% 15 Feb 2024)
3.9%
US TREASURY N/B
(0.375% 31 Jan 2026)
3.4%
US TREASURY N/B
(1.5% 15 Aug 2026)
3.0%
US TREASURY N/B
(2.375% 15 May 2027)
2.1%
US TREASURY N/B
(2.25% 15 May 2041)
1.7%
US TREASURY N/B
(0.625% 15 Aug 2030)
1.6%
US TREASURY N/B
(2.625% 15 Feb 2029)
1.5%
US TREASURY N/B
(6.625% 15 Feb 2027)
1.4%
US TREASURY N/B
(2.875% 15 May 2028)
1.2%
% of Fund in Top Ten Securities23.6%
 
Net Assets (as of 6/30/21) $188.4 Million
Turnover (as of 10/31/20) 61%

 

Complete Holdings List

Effective February 1, 2017 new investments in Class B shares are no longer allowed and are available only for exchange from other Class B shares funds. See prospectus for details.