• 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 Friday August 18, 2017)
Class A Class B Class C
Daily Price 15.41 15.50 15.49
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 July 31, 2017)
US BANCORP2.1%
JOHNSON + JOHNSON2.0%
BOEING CO/THE1.9%
MICROSOFT CORP1.9%
CARNIVAL CORP1.8%
UNITED TECHNOLOGIES CORP1.8%
PNC FINANCIAL SERVICES GROUP1.8%
UNITED PARCEL SERVICE CL B1.7%
CISCO SYSTEMS INC1.7%
EXXON MOBIL CORP1.7%
% of Fund in Top Ten Securities18.2%


Complete Holdings List
Portfolio Mix
Stocks 56.3%
U.S. Treasuries 9.9%
Corporate Bonds 13.6%
Mortgage Backed Securities 10.6%
Cash & Short Term Securities 2.5%
Asset Backed Securities 4.7%
Municipal Bonds 2.4%
Net Assets (as of 6/30/17) $160.4 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.