• Diversified Income Fund

Fund Objective

The Diversified Income Fund seeks a high total return through the combination of income and capital appreciation.

Investment Strategies

The Diversified Income Fund seeks income by investing in a broadly diversified array of securities including bonds, common stocks, real estate securities, foreign market bonds and stocks and money market instruments. Bonds, stock and cash components will vary reflecting the managers’ judgments of the relative availability of attractively yielding and priced stocks and bonds. Generally, however, bonds will constitute up to 80% of the fund’s assets, stocks will constitute up to 60% of the fund’s assets, real estate securities up to 25% of the fund’s assets, foreign (including emerging market) stocks and bonds up to 25% and money market instruments may constitute up to 25% of the fund’s assets.

Key Highlights

(as of Friday December 13, 2019)  
  Class A Class B Class C
Daily Price 16.77 16.88 16.88
Ticker Symbol MBLAX MBLNX MBLCX
Inception Date 12/29/1997 12/29/1997 07/31/2012
Expense Ratio 1.10 1.85 1.85


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

Portfolio Management


John Brown, CFA

Paul Lefurgey, CFA

Chris Nisbet, CFA

Drew Justman, CFA
 
 

Portfolio Highlights

Top Ten Fund Holdings
(as of November 30, 2019)
JPMORGAN CHASE + CO2.7%
COMCAST CORP CLASS A2.7%
BLACKROCK INC2.6%
VERIZON COMMUNICATIONS INC2.5%
CATERPILLAR INC2.4%
US BANCORP2.4%
MEDTRONIC PLC2.1%
LINDE PLC2.0%
MCDONALD S CORP2.0%
EXXON MOBIL CORP2.0%
% of Fund in Top Ten Securities23.2%


Complete Holdings List  
 
   
   
Portfolio Mix
Stocks 63.3%
U.S. Treasuries 8.9%
Corporate Bonds 9.9%
Mortgage Backed Securities 9.6%
Cash & Short Term Securities 2.2%
Asset Backed Securities 5.3%
Municipal Bonds 0.8%
   
Net Assets (as of 9/30/19) $167.1 Million
Turnover (as of 10/31/18) 27%
Investment in the fund involves direct expenses and a proportional share of the expenses of the underlying funds — indirect expenses. The cost of this type of investment may be higher than generally experienced when investing in mutual funds that contain stocks and bonds. Please see prospectus for further details.