• 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

Form 8937 - Core Bond Fund

Portfolio Management


Paul Lefurgey, CFA

Greg Poplett, CFA

Mike Sanders, CFA

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 Securities15.6%
 
Net Assets (as of 6/30/20) $120.6 Million
Turnover (as of 10/31/19) 36%

 

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.