• High Quality Bond Fund

Fund Objective

The fund seeks to obtain the highest total investment return possible within its quality and maturity boundaries.

Investment Strategies

Madison High Quality Bond Fund is a high-quality government and corporate bond fund. It is designed to provide regular income through investments in an actively managed diversified group of bonds which will typically include both government and investment-grade corporate issuance of intermediate duration. 

Key Highlights

(as of Friday September 24, 2021)
  Class Y
Daily Price 11.24
Ticker Symbol MIIBX
Inception Date 05/01/00
Expense Ratio 0.39


Links to other Madison Funds information:

Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information

Portfolio Management


Paul Lefurgey, CFA

Chris Nisbet, CFA
 

Mike Sanders, CFA

Portfolio Highlights

Top Ten Fund Holdings
(as of August 31, 2021)
FANNIE MAE
(1.875% 05 Apr 2022)
2.9%
FREDDIE MAC
(0.375% 20 Apr 2023)
2.9%
FANNIE MAE
(2.125% 24 Apr 2026)
2.7%
US TREASURY N/B
(1.625% 15 May 2026)
2.7%
US TREASURY N/B
(1.5% 15 Aug 2026)
2.6%
FREDDIE MAC
(0.375% 21 Jul 2025)
2.6%
US TREASURY N/B
(2.375% 15 Aug 2024)
2.6%
US TREASURY N/B
(2.25% 15 Nov 2024)
2.6%
US TREASURY N/B
(2.125% 15 May 2025)
2.6%
US TREASURY N/B
(2.75% 15 Nov 2023)
2.6%
% of Fund in Top Ten Securities26.8%
 
Net Assets (as of 6/30/21) $129.9 Million
Turnover (as of 10/31/20) 21%

 

Complete Holdings List

Mutual funds invested in bonds are subject to certain risks including interest rate risk, credit risk and inflation risk.  As interest rates rise, the prices of bonds fall. Long-term bonds are more exposed to interest rate risk than short-term bonds.

Madison contractually agreed to waive 0.10% of its 0.30% annual management fee until at least February 27, 2022. The fee waiver agreement may be terminated by the Board of Trustees of the Fund at any time and for any reason; however, the Board has no intention of terminating this agreement in the next year. Any fees waived will not be subject to later recoupment by Madison.