Madison High Income Fund Class Y (MHNYX)

6.25
Net Asset Value
-0.16%
1 Day
+2.46%
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+1.92% 3 years+6.04%
3 months+2.83% 5 years+7.60%
1 year+3.08% Since inception+7.06%
Data through --

Peer Comparisonvs. High yield bond

 MHNYXCategory
Performance 5-yr return+7.60%+7.86%
Expense ratio0.75%1.11%
Risk 5 year sharpe ratio1.351.28
Net assets$29.3M$1.5B
Average market cap--$11.3B
Average P/E--22.0
Portfolio turnover52%52%

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 & tenureMark Shenkman / 10 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00

Holdings

Fixed income97.91%
Cash2.09%
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
-- 1.91%
-- 1.86%
-- 1.86%
-- 1.86%
-- 1.85%
-- 1.80%
-- 1.78%
-- 1.77%
-- 1.76%
-- 1.49%

To view my watchlist

Not a member yet?

Sign up now for a free account