• High Income Fund

The Fund will be merged with and into Madison Core Bond Fund after the close of business on September 14, 2020. Refer to the High Income Fund merger Shareholder Notice for more details. 


Fund Objective

The High Income Fund seeks high current income. The fund also seeks capital appreciation, but only when consistent with its primary goal.

Investment Strategies

The High Income Fund invests primarily in better quality, B-rated bonds that offer opportunity for capital appreciation. Using a cautious, conservative style that avoids deeply discounted issues, the goal is to outperform the high yield market with less volatility.

Quarterly Fund Fact Sheet

Key Highlights

(as of Thursday September 17, 2020)  
  Class A Class B Class Y
Daily Price 5.68 5.86 5.54
Ticker Symbol
Inception Date 12/29/97 12/29/97  
Expense Ratio 0.00 0.00 0.00


Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information

Portfolio Management


Allen Olson, CFA

Mike Sanders, CFA
 

Chris Schroeder
ghlights

Portfolio Highlights

Top Ten Fund Holdings
(as of August 31, 2020)
OUTFRONT MEDIA CAP LLC/C
(5.625% 15 Feb 2024)
3.0%
ALLIANCE DATA SYSTEMS CO
(4.75% 15 Dec 2024)
2.9%
ISHARES IBOXX HIGH YIELD CORPO2.8%
MURPHY OIL USA INC
(5.625% 01 May 2027)
2.5%
SIMMONS FOODS INC
(5.75% 01 Nov 2024)
2.3%
PILGRIM S PRIDE CORP
(5.75% 15 Mar 2025)
2.2%
FORD MOTOR COMPANY
(9% 22 Apr 2025)
2.1%
AMERICAN MIDSTREAM PTR/F
(9.5% 15 Dec 2021)
2.1%
TRANSDIGM INC
(6.25% 15 Mar 2026)
1.7%
HCA INC
(5.875% 15 Feb 2026)
1.7%
% of Fund in Top Ten Securities23.3%
 
Net Assets (as of 6/30/20) $16.4 Million
Turnover (as of 10/31/19) 16%

Complete Holdings List