• High Income Fund

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.

Key Highlights

(as of Friday December 06, 2019)  
  Class A Class B Class Y
Daily Price 5.80 5.98 5.68
Ticker Symbol MHNAX MHNBX MHNYX
Inception Date 12/29/97 12/29/97  
Expense Ratio 1.00 1.75 0.75


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 October 31, 2019)
OUTFRONT MEDIA CAP LLC/C
(5.625% 15 Feb 2024)
2.8%
ISHARES IBOXX HIGH YIELD CORPO2.5%
MURPHY OIL USA INC
(5.625% 01 May 2027)
2.3%
UNIT CORP
(6.625% 15 May 2021)
2.1%
SIMMONS FOODS INC
(5.75% 01 Nov 2024)
2.0%
PILGRIM S PRIDE CORP
(5.75% 15 Mar 2025)
2.0%
AMERICAN MIDSTREAM PTR/F
(9.5% 15 Dec 2021)
1.9%
CARRIZO OIL + GAS INC
(6.25% 15 Apr 2023)
1.9%
NIELSEN FINANCE LLC/CO
(5% 15 Apr 2022)
1.8%
UNIVISION COMMUNICATIONS
(5.125% 15 May 2023)
1.8%
% of Fund in Top Ten Securities21.1%
 
Net Assets (as of 9/30/19) $18.8 Million
Turnover (as of 10/31/18) 25%

Complete Holdings List