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Madison High Income Fund Class B (MHNBX)

6.28
Net Asset Value
+0.32%
1 Day
-0.79%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
1.75%
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-1.97% 3 years+3.43%
3 months-2.83% 5 years+5.09%
1 year-1.55% Since inception+4.65%
Data through --

Peer Comparisonvs. High yield bond

 MHNBXCategory
Performance 5-yr return+5.09%+7.61%
Expense ratio1.75%1.10%
Risk 5 year sharpe ratio1.091.26
Net assets$28.2M$1.5B
Average market cap--$13.8B
Average P/E--23.6
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 income97.39%
Cash2.61%
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
-- 1.89%
-- 1.88%
-- 1.87%
-- 1.83%
-- 1.82%
-- 1.81%
-- 1.78%
-- 1.52%
-- 1.50%
-- 1.48%