• Target Retirement 2040 Fund

Fund Objective

The fund seeks to provide capital appreciation and current income consistent with its current asset allocation.

Investment Strategies

The fund invests primarily in shares of other registered investment companies (the “underlying funds”) according to an asset allocation strategy developed by Madison for investors planning to retire in or within a few years of 2040. Over time, the fund’s asset allocation will become more conservative until it reaches approximately 10-30% in stock funds and 70-90% in bond funds. The asset allocation strategy is designed to reduce the volatility of investment returns in the later years while still providing the potential for higher total returns over the target period.

Strategy Overview & Quarterly Fund Fact Sheet

Key Highlights

(as of Tuesday February 07, 2023)
  Class R6
Daily Price 9.77
Ticker Symbol
Inception Date 08/29/14
Expense Ratio 0.00

Links to other Madison Funds information:

Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information
Additional Financial Information - 06/30/16 

Portfolio Management

David Hottmann, CFA, CPA

Patrick Ryan, CFA

Portfolio Highlights

Top Ten Fund Holdings
(as of December 31, 2022)
% of Fund in Top Ten Securities0.0%

Complete Holdings List
Investment in the fund involves direct expenses and a proportional share of the expenses of the underlying funds — indirect expenses. The cost of this type of investment may be higher than generally experienced when investing in mutual funds that contain stocks and bonds. Please see prospectus for further details. Asset allocation does not guarantee a profit or protect against loss.