• 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 Friday December 15, 2017)
Class A Class B Class Y Class R6
Daily Price 10.04 10.04 10.01 10.06
Ticker Symbol MBOAX MBOBX MBOYX MCBRX
Inception Date 12/29/97 12/29/97 6/30/06 4/19/13
Expense Ratio 0.90 1.65 0.65 0.52

Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information

Form 8937 - Core Bond Fund

Portfolio Management


Paul Lefurgey, CFA

Greg Poplett, CFA

Mike Sanders, CFA

Portfolio Highlights

Top Ten Fund Holdings
(as of November 30, 2017)
US TREASURY N/B
(3.625% 15 Aug 2019)
2.1%
US TREASURY N/B
(1.375% 28 Feb 2019)
1.9%
US TREASURY N/B
(3.125% 15 May 2021)
1.9%
US TREASURY N/B
(2.625% 15 Nov 2020)
1.7%
US TREASURY N/B
(4.5% 15 May 2038)
1.7%
US TREASURY N/B
(3.875% 15 May 2018)
1.5%
US TREASURY N/B
(6.625% 15 Feb 2027)
1.3%
US TREASURY N/B
(2.125% 31 Mar 2024)
1.3%
US TREASURY N/B
(1.75% 30 Sep 2022)
1.2%
US TREASURY N/B
(2% 31 Oct 2021)
1.2%
% of Fund in Top Ten Securities15.8%
Net Assets (as of 9/30/17) $206.4 Million
Turnover (as of 10/31/16) 39%

Complete Holdings List

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.