Madison High Income Fund Class Y (MHNYX)

5.83
Net Asset Value
+0.17%
1 Day
-3.32%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.77%
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.

Performance

1 month-0.37% 3 years+3.09%
3 months-0.85% 5 years+3.67%
1 year+1.17% Since inception+6.05%
Data through --

Peer Comparisonvs. High yield bond

 MHNYXCategory
Performance 5-yr return+3.67%+3.82%
Expense ratio0.77%1.04%
Risk 5 year sharpe ratio0.710.74
Net assets$21.6M$1.3B
Average market cap--$7.7B
Average P/E----
Portfolio turnover53%53%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureMichael Sanders / 2 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

Fixed income92.35%
Cash7.65%
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
-- 2.80%
-- 2.48%
-- 2.36%
-- 2.32%
-- 1.98%
-- 1.91%
-- 1.87%
-- 1.86%
-- 1.84%
-- 1.80%