Madison High Income Fund Class Y (MHNYX)

6.13
Net Asset Value
-0.33%
1 Day
+0.49%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.75%
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+0.91% 3 years+5.76%
3 months-1.50% 5 years+7.25%
1 year+2.47% Since inception+6.74%
Data through --

Peer Comparisonvs. High yield bond

 MHNYXCategory
Performance 5-yr return+7.25%+7.86%
Expense ratio0.75%1.12%
Risk 5 year sharpe ratio1.251.24
Net assets$29.0M$1.4B
Average market cap--$12.8B
Average P/E--20.2
Portfolio turnover52%52%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureMark Shenkman / 9 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00

Holdings

Fixed income98.36%
Cash1.63%
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
-- Univision Comms 144A 6.75%1.86%
-- Tenet Healthcare 8%1.85%
-- Endo Fin Llc / Endo Finco 144A 7%1.84%
-- Fti Consult 6%1.79%
-- CU 7.75%1.77%
-- Southern Star Cent 144A 5.125%1.76%
-- Cbs Outdoor Amers Cap 144A 5.625%1.76%
-- Dole Food Co Inc New 144A 7.25%1.75%
-- Belden 144A 5.5%1.74%
-- Cco Hldgs Llc / Cco Hldgs Cap 6.5%1.47%

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