• Diversified Income Fund

Fund Objective

The Diversified Income Fund seeks a high total return through the combination of income and capital appreciation.

Investment†Strategies

The Diversified Income Fund seeks income by investing in a broadly diversified array of securities including bonds, common stocks, real estate securities, foreign market bonds and stocks and money market instruments. Bonds, stock and cash components will vary reflecting the managersí judgments of the relative availability of attractively yielding and priced stocks and bonds. Generally, however, bonds will constitute up to 80% of the fundís assets, stocks will constitute up to 60% of the fundís assets, real estate securities up to 25% of the fundís assets, foreign (including emerging market) stocks and bonds up to 25% and money market instruments may constitute up to 25% of the fundís assets.

Key Highlights

(as of Tuesday February 28, 2017)
Class A Class B Class C
Daily Price 15.13 15.23 15.22
Ticker Symbol MBLAX MBLNX MBLCX
Inception Date 12/29/1997 12/29/1997 07/31/2012
Expense Ratio 1.10 1.85 1.85


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

Portfolio Management


John Brown, CFA

Paul Lefurgey, CFA

Chris Nisbet, CFA

Drew Justman, CFA

Portfolio Highlights

Top Ten Fund Holdings
(as of January 31, 2017)
US BANCORP2.1%
MICROSOFT CORP2.0%
EXXON MOBIL CORP1.8%
PFIZER INC1.8%
JOHNSON + JOHNSON1.8%
PNC FINANCIAL SERVICES GROUP1.7%
UNITED TECHNOLOGIES CORP1.7%
CISCO SYSTEMS INC1.7%
CME GROUP INC1.6%
VERIZON COMMUNICATIONS INC1.6%
% of Fund in Top Ten Securities17.8%


Complete Holdings List
Portfolio Mix
Stocks 54.3%
U.S. Treasuries 10.2%
Corporate Bonds 15.9%
Mortgage Backed Securities 10.8%
Cash & Short Term Securities 3.6%
Asset Backed Securities 0.9%
Municipal Bonds 4.3%
Net Assets (as of 12/31/16) $158.3 Million
Turnover (as of 10/31/16) 35%
Investment in the fund involves direct expenses and a proportional share of the expenses of the underlying funds ó 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.