Madison High Income Fund Class A (MHNAX)

6.33
Net Asset Value
+0.16%
1 Day
+2.59%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
4.5
Sales Expenses
1.00%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income; capital appreciation is secondary, but only when consistent with its primary goal. The fund invests primarily in lower-rated, higher-yielding income bearing securities, such as "junk" bonds. Under normal market conditions, it invests at least 80% of its net assets (including borrowings for investment purposes) in bonds rated lower than investment grade (BBB/Baa) and their unrated equivalents or other high-yielding securities. Up to 25% of the fund's assets may be invested in the securities of issuers in any one industry, and up to 50% of the fund's assets may be invested in restricted securities.

Performance

1 month+1.38% 3 years+5.72%
3 months+3.42% 5 years+6.74%
1 year+2.61% Since inception+5.51%
Data through --

Peer Comparisonvs. High yield bond

 MHNAXCategory
Performance 5-yr return+6.74%+7.45%
Expense ratio1.00%1.11%
Risk 5 year sharpe ratio1.181.19
Net assets$29.2M$1.5B
Average market cap--$13.1B
Average P/E--21.9
Portfolio turnover52%52%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureMark Shenkman / 10 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

Fixed income96.24%
Cash3.76%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.83%
-- 1.81%
-- 1.80%
-- 1.79%
-- 1.77%
-- 1.76%
-- 1.75%
-- 1.69%
-- 1.48%
-- 1.46%

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