Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.1%
1 yr return
1.1%
3 Yr Avg Return
-1.6%
5 Yr Avg Return
0.2%
Net Assets
$56.9 M
Holdings in Top 10
30.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MIIBX - Profile
Distributions
- YTD Total Return -1.1%
- 3 Yr Annualized Total Return -1.6%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.86%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameMadison High Quality Bond Fund
-
Fund Family NameMADISONMUT
-
Inception DateFeb 28, 2022
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChris Nisbet
Fund Description
MIIBX - Performance
Return Ranking - Trailing
Period | MIIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.1% | -4.9% | 11.0% | 92.73% |
1 Yr | 1.1% | -3.4% | 25.3% | 93.26% |
3 Yr | -1.6%* | -6.8% | 4.0% | 93.11% |
5 Yr | 0.2%* | -4.5% | 4.3% | 93.23% |
10 Yr | 0.7%* | -19.2% | 169.6% | 88.18% |
* Annualized
Return Ranking - Calendar
Period | MIIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -5.4% | 7.6% | 48.36% |
2022 | -8.3% | -17.7% | -2.6% | 78.11% |
2021 | -3.2% | -4.0% | 4.4% | 98.28% |
2020 | 3.2% | -8.3% | 7.6% | 15.88% |
2019 | 2.6% | -2.3% | 9.3% | 24.09% |
Total Return Ranking - Trailing
Period | MIIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.1% | -4.9% | 11.0% | 92.73% |
1 Yr | 1.1% | -3.4% | 25.3% | 93.26% |
3 Yr | -1.6%* | -6.8% | 4.0% | 93.11% |
5 Yr | 0.2%* | -4.5% | 4.3% | 93.23% |
10 Yr | 0.7%* | -19.2% | 169.6% | 88.18% |
* Annualized
Total Return Ranking - Calendar
Period | MIIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -1.1% | 15.2% | 89.42% |
2022 | -7.1% | -17.3% | -1.3% | 88.31% |
2021 | -1.8% | -2.7% | 7.7% | 97.32% |
2020 | 4.5% | -4.4% | 14.5% | 40.39% |
2019 | 4.5% | 0.6% | 12.6% | 53.24% |
NAV & Total Return History
MIIBX - Holdings
Concentration Analysis
MIIBX | Category Low | Category High | MIIBX % Rank | |
---|---|---|---|---|
Net Assets | 56.9 M | 14.5 K | 57.3 B | 92.06% |
Number of Holdings | 61 | 2 | 9251 | 89.35% |
Net Assets in Top 10 | 19.4 M | 1.16 M | 6.33 B | 91.16% |
Weighting of Top 10 | 30.61% | 1.8% | 108.7% | 36.28% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 4.76%
- Federal National Mortgage Association 3.77%
- U.S. Treasury Notes 2.88%
- Federal National Mortgage Association 2.81%
- U.S. Treasury Notes 2.76%
- U.S. Treasury Notes 2.75%
- U.S. Treasury Notes 2.75%
- U.S. Treasury Notes 2.73%
- U.S. Treasury Notes 2.71%
- U.S. Treasury Notes 2.70%
Asset Allocation
Weighting | Return Low | Return High | MIIBX % Rank | |
---|---|---|---|---|
Bonds | 97.23% | 0.00% | 130.36% | 19.49% |
Cash | 6.85% | -20.59% | 62.18% | 20.76% |
Stocks | 0.00% | 0.00% | 103.64% | 73.83% |
Preferred Stocks | 0.00% | 0.00% | 22.27% | 70.76% |
Other | 0.00% | -0.97% | 72.36% | 89.53% |
Convertible Bonds | 0.00% | 0.00% | 27.71% | 98.01% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MIIBX % Rank | |
---|---|---|---|---|
Government | 61.61% | 0.00% | 73.63% | 3.07% |
Corporate | 37.46% | 0.00% | 100.00% | 54.25% |
Cash & Equivalents | 6.85% | 0.00% | 62.18% | 18.23% |
Derivative | 0.00% | -0.55% | 28.01% | 66.97% |
Securitized | 0.00% | 0.00% | 97.27% | 98.37% |
Municipal | 0.00% | 0.00% | 17.46% | 83.91% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MIIBX % Rank | |
---|---|---|---|---|
US | 97.23% | 0.00% | 130.36% | 17.33% |
Non US | 0.00% | 0.00% | 83.16% | 73.47% |
MIIBX - Expenses
Operational Fees
MIIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.50% | 0.01% | 3.24% | 69.58% |
Management Fee | 0.30% | 0.00% | 1.19% | 44.58% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.19% | 0.01% | 0.50% | 84.72% |
Sales Fees
MIIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
MIIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MIIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 13.00% | 2.00% | 500.00% | 1.86% |
MIIBX - Distributions
Dividend Yield Analysis
MIIBX | Category Low | Category High | MIIBX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.71% | 0.00% | 10.21% | 93.14% |
Dividend Distribution Analysis
MIIBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
MIIBX | Category Low | Category High | MIIBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.86% | -1.27% | 4.98% | 68.27% |
Capital Gain Distribution Analysis
MIIBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.069 | OrdinaryDividend |
Dec 21, 2023 | $0.068 | OrdinaryDividend |
Sep 29, 2023 | $0.065 | OrdinaryDividend |
Jun 30, 2023 | $0.057 | OrdinaryDividend |
Mar 31, 2023 | $0.035 | OrdinaryDividend |
Dec 22, 2022 | $0.037 | OrdinaryDividend |
Sep 30, 2022 | $0.032 | OrdinaryDividend |
Jun 30, 2022 | $0.030 | OrdinaryDividend |
Mar 31, 2022 | $0.026 | OrdinaryDividend |
Sep 30, 2021 | $0.025 | OrdinaryDividend |
Jun 30, 2021 | $0.028 | OrdinaryDividend |
Mar 31, 2021 | $0.024 | OrdinaryDividend |
Sep 30, 2020 | $0.026 | OrdinaryDividend |
Jun 30, 2020 | $0.028 | OrdinaryDividend |
Mar 31, 2020 | $0.036 | OrdinaryDividend |
Dec 23, 2019 | $0.051 | OrdinaryDividend |
Sep 30, 2019 | $0.053 | OrdinaryDividend |
Jun 28, 2019 | $0.052 | OrdinaryDividend |
Mar 29, 2019 | $0.050 | OrdinaryDividend |
Dec 21, 2018 | $0.055 | OrdinaryDividend |
Sep 28, 2018 | $0.048 | OrdinaryDividend |
Jun 29, 2018 | $0.045 | OrdinaryDividend |
Mar 29, 2018 | $0.039 | OrdinaryDividend |
Dec 27, 2017 | $0.040 | OrdinaryDividend |
Sep 29, 2017 | $0.038 | OrdinaryDividend |
Jun 30, 2017 | $0.037 | OrdinaryDividend |
Mar 31, 2017 | $0.039 | OrdinaryDividend |
Sep 30, 2016 | $0.031 | OrdinaryDividend |
Jun 30, 2016 | $0.032 | OrdinaryDividend |
Mar 31, 2016 | $0.029 | OrdinaryDividend |
Sep 30, 2015 | $0.030 | OrdinaryDividend |
Jun 30, 2015 | $0.027 | OrdinaryDividend |
Mar 31, 2015 | $0.024 | OrdinaryDividend |
Sep 30, 2014 | $0.028 | OrdinaryDividend |
Jun 30, 2014 | $0.018 | OrdinaryDividend |
Mar 31, 2014 | $0.039 | OrdinaryDividend |
Sep 30, 2013 | $0.023 | OrdinaryDividend |
Jun 28, 2013 | $0.025 | OrdinaryDividend |
MIIBX - Fund Manager Analysis
Managers
Chris Nisbet
Start Date
Tenure
Tenure Rank
May 01, 2000
22.1
22.1%
Chris serves as a portfolio manager for Madison’s Fixed Income Team, specializing in government and corporate bond portfolios. Chris has been working in the financial services industry since 1990 and joined Madison in 1992. He earned his B.S. in economics and M.S. in finance and investments from the University of Wisconsin-Madison.
Michael Sanders
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Mike Sanders, CFA, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in credit research. Sanders has been working in the financial services industry since 2004 and joined Madison in 2013. He earned his BBA in finance from St. Norbert College, M.S. in economics from Marquette University and a MBA in analytical finance and accounting from the University Of Chicago Booth School Of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.14 | 2.41 |