- Diversified Income Fund
The Diversified Income Fund seeks a high total return through the combination of income and capital appreciation.
The Diversified Income Fund seeks income by investing in a broadly diversified array of securities including bonds, common stocks, real estate securities, foreign market bonds and stocks and money market instruments. Bonds, stock and cash components will vary reflecting the managersí judgments of the relative availability of attractively yielding and priced stocks and bonds. Generally, however, bonds will constitute up to 80% of the fundís assets, stocks will constitute up to 60% of the fundís assets, real estate securities up to 25% of the fundís assets, foreign (including emerging market) stocks and bonds up to 25% and money market instruments may constitute up to 25% of the fundís assets.
|(as of Tuesday February 28, 2017)||†|
|†||Class A||Class B||Class C|
John Brown, CFA
John serves as a portfolio manager on Madisonís U.S. Value Team and has over 25 years of investment experience, serving as a portfolio manager since 1987. Prior to joining Madison, John served in a similar capacity for MEMBERS Capital Advisors and Montgomery Asset Management in San Francisco. He earned a BS in Finance and Computer Science from Northern Illinois University, and an MBA from the University of Wisconsin.
Paul Lefurgey, CFA
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 bachelorís degree in Accounting from Michigan State University.
Chris Nisbet, CFA
Chris serves as a portfolio manager for Madison, specializing in government and corporate bond portfolios. He has been working in the financial services industry since 1990. Prior to joining Madison in 1992, Chris previously worked with Firstar Trust Company. He earned his bachelorís degree in Economics and a Masters in Finance and Investments from the University of Wisconsin.
Drew Justman, CFA
Drew serves as a portfolio manager on Madisonís Value Team. Prior to joining Madison, he worked with Merrill Lynch. Drew holds a BBA in Finance and Economics and an MS in Finance from the University of Wisconsin. He also graduated from the Applied Security Analysis Program.
|Top Ten Fund Holdings|
|(as of January 31, 2017)|
|EXXON MOBIL CORP||1.8%|
|JOHNSON + JOHNSON||1.8%|
|PNC FINANCIAL SERVICES GROUP||1.7%|
|UNITED TECHNOLOGIES CORP||1.7%|
|CISCO SYSTEMS INC||1.7%|
|CME GROUP INC||1.6%|
|VERIZON COMMUNICATIONS INC||1.6%|
|% of Fund in Top Ten Securities||17.8%|
Complete Holdings List †
|Mortgage Backed Securities||10.8%|
|Cash & Short Term Securities||3.6%|
|Asset Backed Securities||0.9%|
|Net Assets (as of 12/31/16)||$158.3 Million|
|Turnover (as of 10/31/16)||35%|