- Corporate Bond Fund
Fund Objective
The fund seeks to obtain the highest total investment return possible within its quality and maturity boundaries.
Investment Strategies
Madison Corporate Bond Fund provides investors with regular, monthly income through investments in bonds issued by corporations. The fund will generally invest in corporate securities with an average maturity of 10 years or less. The result is a fund designed for investors who seek regular income from an actively managed bond fund that seeks the best risk/return profiles from a portfolio that emphasizes higher quality intermediate-term corporate issuance.
Key Highlights
| (as of Wednesday April 08, 2020) | |||
| Class Y | |||
| Daily Price | 11.52 | ||
| Ticker Symbol | COINX | ||
| Inception Date | 7/1/07 | ||
| Expense Ratio | 0.65 | ||
Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information
Portfolio Management
Paul Lefurgey, CFA
Paul Lefurgey, CFAChairman of the Executive Committee/Director of Fixed Income
Paul serves as the Director of Fixed Income investments for Madison and is a member of the Investment Strategy Committee. Paul has been working in the financial services industry since 1988. Prior to joining Madison in 2005, he was Head of Fixed Income at MEMBERS Capital Advisors and at Duff & Phelps Investment Management where he served on the Investment Strategy Committee for both organizations. He earned his bachelor’s degree in Accounting from Michigan State University.
Paul serves as the Director of Fixed Income investments for Madison and is a member of the Investment Strategy Committee. Paul has been working in the financial services industry since 1988. Prior to joining Madison in 2005, he was Head of Fixed Income at MEMBERS Capital Advisors and at Duff & Phelps Investment Management where he served on the Investment Strategy Committee for both organizations. He earned his bachelor’s degree in Accounting from Michigan State University.
Allen Olson, CFA
Allen Olson, CFAPortfolio Manager/Analyst
Allen serves as portfolio manager and credit analyst on Madison’s Fixed Income Team. He has been working in the financial services industry since 1998. Allen previously worked as a Fixed Income Credit Analyst and Portfolio Manager for Clarica Insurance in Milwaukee. Allen earned his bachelor’s degree in Economics and his master’s in Management from the University of Wisconsin.
Allen serves as portfolio manager and credit analyst on Madison’s Fixed Income Team. He has been working in the financial services industry since 1998. Allen previously worked as a Fixed Income Credit Analyst and Portfolio Manager for Clarica Insurance in Milwaukee. Allen earned his bachelor’s degree in Economics and his master’s in Management from the University of Wisconsin.
Portfolio Highlights
| Top Ten Fund Holdings | |
| (as of February 29, 2020) | |
| VALERO ENERGY CORP (6.625% 15 Jun 2037) | 2.8% |
| AT+T INC (4.25% 01 Mar 2027) | 1.9% |
| GOLDMAN SACHS GROUP INC (3.5% 16 Nov 2026) | 1.8% |
| HUNTINGTON NATIONAL BANK (3.55% 06 Oct 2023) | 1.8% |
| KEYCORP (5.1% 24 Mar 2021) | 1.8% |
| BERKSHIRE HATHAWAY FIN (4.2% 15 Aug 2048) | 1.7% |
| VERIZON COMMUNICATIONS (4.4% 01 Nov 2034) | 1.7% |
| CRH AMERICA INC (3.875% 18 May 2025) | 1.5% |
| AFFILIATED MANAGERS GROU (4.25% 15 Feb 2024) | 1.5% |
| TEXTRON INC (3.875% 01 Mar 2025) | 1.5% |
| % of Fund in Top Ten Securities | 18.0% |
| Net Assets (as of 12/31/19) | $14.3 Million |
| Turnover (as of 10/31/19) | 20% |
This schedule may not reflect certain portfolio transaction activity in a security if it is pending, but not completed, at the end of the period presented
