Madison High Income Fund Class B (MHNBX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
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.


1 month-0.61% 3 years+2.87%
3 months-1.08% 5 years+3.00%
1 year+3.29% Since inception+4.48%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return+3.00%+4.63%
Expense ratio1.77%1.05%
Risk 5 year sharpe ratio0.620.85
Net assets$22.4M$1.3B
Average market cap--$5.8B
Average P/E----
Portfolio turnover53%53%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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


Fixed income95.76%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 2.47%
-- 2.37%
-- 2.35%
-- 2.32%
-- 2.30%
-- 2.28%
-- 2.14%
-- 1.88%
-- 1.84%
-- 1.81%