• High Quality Bond Fund

Fund Objective

The fund seeks to obtain the highest total investment return possible within its quality and maturity boundaries.

Investment Strategies

Madison High Quality Bond Fund is a high-quality government and corporate bond fund. It is designed to provide regular income through investments in an actively managed diversified group of bonds which will typically include both government and investment-grade corporate issuance of intermediate duration. 

Key Highlights

(as of Thursday May 26, 2022)
  Class Y Class I
Daily Price 10.49 10.56
Ticker Symbol MIIBX MIIRX
Inception Date 5/01/00 2/28/2022
Expense Ratio 0.50 0.41


Links to other Madison Funds information:

Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information

Portfolio Management


Mike Sanders, CFA

Chris Nisbet, CFA
 

Portfolio Highlights

Top Ten Fund Holdings
(as of April 30, 2022)
FANNIE MAE
(2.125% 24 Apr 2026)
3.3%
FREDDIE MAC
(0.375% 20 Apr 2023)
3.2%
US TREASURY N/B
(0.375% 15 Sep 2024)
3.1%
US TREASURY N/B
(1.875% 28 Feb 2029)
3.1%
US TREASURY N/B
(2.5% 15 Aug 2023)
2.7%
US TREASURY N/B
(2.375% 15 Aug 2024)
2.7%
US TREASURY N/B
(2.25% 15 Nov 2024)
2.7%
US TREASURY N/B
(0.625% 31 Mar 2027)
2.7%
US TREASURY N/B
(2.125% 15 May 2025)
2.7%
US TREASURY N/B
(2.25% 15 Nov 2027)
2.6%
% of Fund in Top Ten Securities28.9%
 
Net Assets (as of 3/31/22) $93.4 Million
Turnover (as of 10/31/21) 13%

 

Complete Holdings List

Mutual funds invested in bonds are subject to certain risks including interest rate risk, credit risk and inflation risk.  As interest rates rise, the prices of bonds fall. Long-term bonds are more exposed to interest rate risk than short-term bonds.

Madison waived 0.10% of the Fund's annual management fee from August 7, 2020 through February 27, 2022. Investment returns reflect this fee waiver, without which returns would have been lower.