• 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 managers’ judgments of the relative availability of attractively yielding and priced stocks and bonds. Generally, however, bonds will constitute up to 80% of the fund’s assets, stocks will constitute up to 60% of the fund’s assets, real estate securities up to 25% of the fund’s assets, foreign (including emerging market) stocks and bonds up to 25% and money market instruments may constitute up to 25% of the fund’s assets.

Key Highlights

(as of Monday June 27, 2022)  
  Class A Class B Class C
Daily Price 15.41 15.55 15.55
Ticker Symbol MBLAX MBLNX MBLCX
Inception Date 12/29/1997 12/29/1997 07/31/2012
Expense Ratio 1.11 1.86 1.86


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

Mike Sanders, CFA

Chris Nisbet, CFA

Drew Justman, CFA

Allen Olson, CFA
 

Portfolio Highlights

Top Ten Fund Holdings
(as of May 31, 2022)
BRISTOL MYERS SQUIBB CO2.9%
JOHNSON + JOHNSON2.9%
TRAVELERS COS INC/THE2.6%
DOMINION ENERGY INC2.6%
COMCAST CORP CLASS A2.4%
MCDONALD S CORP2.3%
BAKER HUGHES CO2.3%
CVS HEALTH CORP2.3%
HOME DEPOT INC2.2%
VERIZON COMMUNICATIONS INC2.2%
% of Fund in Top Ten Securities24.7%


Complete Holdings List  
 
   
   
Portfolio Mix
Stocks 67.7%
U.S. Treasuries 10.1%
Corporate Bonds 10.8%
Mortgage Backed Securities 6.1%
Cash & Short Term Securities 2.5%
Asset Backed Securities 1.2%
Municipal Bonds 0.3%
   
Net Assets (as of 3/31/22) $185.3 Million
Turnover (as of 10/31/21) 34%
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.