- High Quality Bond Fund
Fund Objective
The fund seeks to obtain the highest total investment return possible within its quality and maturity boundaries.
Investment Strategies
Madison High Quality Bond Fund is a high-quality government and corporate bond fund. It is designed to provide regular income through investments in an actively managed diversified group of bonds which will typically include both government and investment-grade corporate issuance of intermediate duration.
Key Highlights
| (as of Friday December 14, 2018) | |
| Class Y | |
| Daily Price | 10.74 |
| Ticker Symbol | MIIBX |
| Inception Date | 05/01/00 |
| Expense Ratio | 0.49 |
Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information
Portfolio Management
Paul Lefurgey, CFA
Paul Lefurgey, CFAChairman of the Executive Committee/Director of Fixed Income
Paul serves as the Director of Fixed Income investments for Madison and is a member of the Investment Strategy Committee. Paul has been working in the financial services industry since 1988. Prior to joining Madison in 2005, he was Head of Fixed Income at MEMBERS Capital Advisors and at Duff & Phelps Investment Management where he served on the Investment Strategy Committee for both organizations. He earned his bachelor’s degree in Accounting from Michigan State University.
Paul serves as the Director of Fixed Income investments for Madison and is a member of the Investment Strategy Committee. Paul has been working in the financial services industry since 1988. Prior to joining Madison in 2005, he was Head of Fixed Income at MEMBERS Capital Advisors and at Duff & Phelps Investment Management where he served on the Investment Strategy Committee for both organizations. He earned his bachelor’s degree in Accounting from Michigan State University.
Chris Nisbet, CFA
Chris Nisbet, CFAPortfolio Manager
Chris serves as a portfolio manager for Madison, specializing in government and corporate bond portfolios. He has been working in the financial services industry since 1990. Prior to joining Madison in 1992, Chris previously worked with Firstar Trust Company. He earned his bachelor’s degree in Economics and a Masters in Finance and Investments from the University of Wisconsin.
Chris serves as a portfolio manager for Madison, specializing in government and corporate bond portfolios. He has been working in the financial services industry since 1990. Prior to joining Madison in 1992, Chris previously worked with Firstar Trust Company. He earned his bachelor’s degree in Economics and a Masters in Finance and Investments from the University of Wisconsin.
Portfolio Highlights
| Top Ten Fund Holdings | |
| (as of November 30, 2018) | |
| US TREASURY N/B (2.5% 15 Aug 2023) | 5.0% |
| US TREASURY N/B (2.125% 15 May 2025) | 4.9% |
| US TREASURY N/B (2.375% 15 May 2027) | 4.8% |
| FREDDIE MAC (2.375% 13 Jan 2022) | 4.5% |
| FANNIE MAE (1.375% 07 Oct 2021) | 4.3% |
| US TREASURY N/B (1.625% 31 May 2023) | 4.3% |
| US TREASURY N/B (2.625% 15 Nov 2020) | 3.9% |
| US TREASURY N/B (2.375% 15 Aug 2024) | 3.6% |
| US TREASURY N/B (3.625% 15 Feb 2020) | 3.4% |
| US TREASURY N/B (1.5% 31 Mar 2019) | 3.4% |
| % of Fund in Top Ten Securities | 42.1% |
| Net Assets (as of 9/30/18) | $91.0 Million |
| Turnover (as of 10/31/17) | 26% |
Mutual funds invested in bonds are subject to certain risks including interest rate risk, credit risk and inflation risk. As interest rates rise, the prices of bonds fall. Long-term bonds are more exposed to interest rate risk than short-term bonds.
