Madison High Income Fund Class A (MHNAX)

6.90
Net Asset Value
0.00%
1 Day
+1.62%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
4.5
Sales Expenses
1.00%
Expense Ratio
Low
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+0.71% 3 years+6.76%
3 months+2.04% 5 years+10.84%
1 year+6.05% Since inception+5.73%
Data through --

Peer Comparisonvs. High yield bond

 MHNAXCategory
Performance 5-yr return+10.84%+15.90%
Expense ratio1.00%1.13%
Risk 5 year sharpe ratio1.811.89
Net assets$45.1M$1.7B
Average market cap--$14.0B
Average P/E--15.4
Portfolio turnover28%28%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureMark Shenkman / 9 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

Fixed income95.70%
Cash4.30%
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
-- Cco Hldgs Llc / Cco Hldgs Cap 6.5%1.73%
-- Alliance Data Sys 144A 6.375%1.62%
-- Sprint Nextel 7%1.42%
-- Felcor Lodging Ltd Partnership 6.75%1.28%
-- Reynolds Grp Issuer 8.5%1.25%
-- Chaparral Engy 8.25%1.20%
-- Univision Comms 144A 6.75%1.20%
-- Tenet Healthcare 8%1.19%
-- Oasis Pete Inc New 6.875%1.18%
-- Ashtead Cap 144A 6.5%1.18%

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