- 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 Bond 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 Wednesday September 30, 2020) | |||
| Class A | Class B | Class Y | |
| Daily Price | 10.83 | 10.84 | 10.77 |
| Ticker Symbol | MBOAX | MBOBX | MBOYX |
| Inception Date | 12/29/97 | 12/29/97 | 6/30/06 |
| Expense Ratio | 0.90 | 1.65 | 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 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.
Greg Poplett, CFA
Greg serves a as portfolio manager on Madison’s Fixed Income Team and has been working in the financial services industry since 1983. Prior to joining Madison in 2004, he managed fixed income portfolios for Voyageur and was also Director of Fixed Income at Campbell, Newman, Pottinger & Associates. He earned his bachelor’s degree from Illinois State University and his MBA from Western Illinois University.
Mike Sanders, CFA
Mike serves as a portfolio manager and credit analyst for Madison's Fixed Income Team. He has been working in the financial services industry since 2004. Prior to joining Madison in 2013, Mike was a fixed income portfolio manager and analyst for Ziegler Lotsoff Capital Management focusing mostly on high yield bonds and preferred stocks. He earned a BBA from St. Norbert College, MS in economics from Marquette University and a MBA with honors from the University of Chicago Booth School of Business.
Portfolio Highlights
| Top Ten Fund Holdings | |
| (as of August 31, 2020) | |
| US TREASURY N/B (1.625% 15 Aug 2022) | 3.0% |
| US TREASURY N/B (2% 15 Nov 2021) | 1.9% |
| US TREASURY N/B (4.5% 15 May 2038) | 1.7% |
| US TREASURY N/B (2.75% 15 Feb 2024) | 1.6% |
| US TREASURY N/B (6.625% 15 Feb 2027) | 1.5% |
| US TREASURY N/B (5.375% 15 Feb 2031) | 1.4% |
| US TREASURY N/B (2.875% 15 May 2028) | 1.3% |
| US TREASURY N/B (3.75% 15 Aug 2041) | 1.1% |
| SOUTH DAKOTA ST BLDG AUTH REVE (4.7% 01 Jun 2032) | 1.1% |
| US TREASURY N/B (3% 15 May 2045) | 1.0% |
| % of Fund in Top Ten Securities | 15.6% |
| Net Assets (as of 6/30/20) | $120.6 Million |
| Turnover (as of 10/31/19) | 36% |
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.
