Madison High Income Fund Class Y (MHNYX)

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; 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.


1 month-0.27% 3 years+7.74%
3 months+0.22% 5 years+8.20%
1 year+5.60% Since inception+7.08%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return+8.20%+9.39%
Expense ratio0.75%1.13%
Risk 5 year sharpe ratio1.461.47
Net assets$31.3M$1.6B
Average market cap--$10.8B
Average P/E--19.0
Portfolio turnover28%28%

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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


Fixed income96.13%
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
-- Chaparral Engy 8.25%1.71%
-- Univision Comms 144A 6.75%1.70%
-- Tenet Healthcare 8%1.69%
-- Endo Fin Llc / Endo Finco 144A 7%1.67%
-- CU 7.75%1.64%
-- Belden 144A 5.5%1.62%
-- Fti Consult 6%1.62%
-- Sprint 144A 7.125%1.61%
-- Tronox Worldwide 6.375%1.61%
-- Cbs Outdoor Amers Cap 144A 5.625%1.60%

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