- 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 Tuesday February 07, 2023) | ||
| Class Y | Class I | |
| Daily Price | 10.20 | 10.27 |
| Ticker Symbol | MIIBX | MIIRX |
| Inception Date | 5/01/00 | 2/28/2022 |
| Expense Ratio | 0.50 | 0.41 |
Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information
Portfolio Management
Mike Sanders, CFA
Mike Sanders, CFAPortfolio Manager
Mike serves as a portfolio manager and credit analyst for Madison's Fixed Income Team. He has been working in the financial services industry since 2004. Prior to joining Madison in 2013, Mike was a fixed income portfolio manager and analyst for Ziegler Lotsoff Capital Management focusing mostly on high yield bonds and preferred stocks. He earned a BBA from St. Norbert College, MS in economics from Marquette University and a MBA with honors from the University of Chicago Booth School of Business.
Mike serves as a portfolio manager and credit analyst for Madison's Fixed Income Team. He has been working in the financial services industry since 2004. Prior to joining Madison in 2013, Mike was a fixed income portfolio manager and analyst for Ziegler Lotsoff Capital Management focusing mostly on high yield bonds and preferred stocks. He earned a BBA from St. Norbert College, MS in economics from Marquette University and a MBA with honors from the University of Chicago Booth School of Business.
Chris Nisbet, CFA
Chris Nisbet, CFAPortfolio Manager
Chris serves as a portfolio manager for Madison, specializing in government and corporate bond portfolios. He has been working in the financial services industry since 1990. Prior to joining Madison in 1992, Chris previously worked with Firstar Trust Company. He earned his bachelor’s degree in Economics and a Masters in Finance and Investments from the University of Wisconsin.
Chris serves as a portfolio manager for Madison, specializing in government and corporate bond portfolios. He has been working in the financial services industry since 1990. Prior to joining Madison in 1992, Chris previously worked with Firstar Trust Company. He earned his bachelor’s degree in Economics and a Masters in Finance and Investments from the University of Wisconsin.
Portfolio Highlights
| Top Ten Fund Holdings | |
| (as of December 31, 2022) | |
| FREDDIE MAC (0.375% 20 Apr 2023) | 3.3% |
| FANNIE MAE (2.125% 24 Apr 2026) | 3.1% |
| US TREASURY N/B (2.25% 15 Nov 2027) | 3.0% |
| FREDDIE MAC (0.375% 21 Jul 2025) | 3.0% |
| FANNIE MAE (0.75% 08 Oct 2027) | 3.0% |
| US TREASURY N/B (1.875% 28 Feb 2029) | 2.9% |
| US TREASURY N/B (1.375% 15 Nov 2031) | 2.7% |
| FANNIE MAE (0.5% 07 Nov 2025) | 2.7% |
| US TREASURY N/B (0.375% 31 Jan 2026) | 2.6% |
| US TREASURY N/B (0.625% 31 Mar 2027) | 2.6% |
| % of Fund in Top Ten Securities | 28.8% |
| Net Assets (as of 12/31/22) | $76.6 Million |
| Turnover (as of 10/31/22) | 23% |
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 waived 0.10% of the Fund's annual management fee from August 7, 2020 through February 27, 2022. Investment returns reflect this fee waiver, without which returns would have been lower.
Madison waived 0.10% of the Fund's annual management fee from August 7, 2020 through February 27, 2022. Investment returns reflect this fee waiver, without which returns would have been lower.
