Madison High Income Fund Class A (MHNAX)

5.99
Net Asset Value
-0.17%
1 Day
-2.60%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
4.5
Sales Expenses
1.02%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income; the fund also seeks capital appreciation- 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+0.06% 3 years+2.96%
3 months-1.76% 5 years+3.48%
1 year+2.13% Since inception+5.20%
Data through --

Peer Comparisonvs. High yield bond

 MHNAXCategory
Performance 5-yr return+3.48%+3.82%
Expense ratio1.02%1.05%
Risk 5 year sharpe ratio0.710.79
Net assets$21.9M$1.3B
Average market cap--$6.2B
Average P/E----
Portfolio turnover53%53%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureMichael Sanders / 2 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

Fixed income93.55%
Cash6.45%
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
-- 2.76%
-- 2.48%
-- 2.44%
-- 2.31%
-- 2.31%
-- 2.07%
-- 1.91%
-- 1.85%
-- 1.84%
-- 1.78%