Madison Core Bond Fund (MBOAX)
The fund invests at least 80% of its net assets (including borrowings for investment purposes) in bonds. To keep current income relatively stable and to limit share price volatility, the fund emphasizes investment grade securities and maintains an intermediate (typically 3-7 year) average portfolio duration, with the goal of being between 85-115% of the market benchmark duration (for this purpose, the benchmark used is Bloomberg U.S. Aggregate Bond Index).
Fund Info
| ISIN | US5574923034 |
|---|---|
| CUSIP | 557492303 |
| Issuer | Madison Funds |
| Inception Date | Dec 29, 1997 |
| Category | Intermediate Core Bond |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Madison Core Bond Fund has a high expense ratio of 0.85%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Madison Core Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Madison Core Bond Fund had a return of -3.03% year-to-date (YTD) and -0.30% in the last 12 months. Over the past 10 years, Madison Core Bond Fund had an annualized return of 1.45%, while the S&P 500 had an annualized return of 10.52%, indicating that Madison Core Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.03% | 6.92% |
| 1 month | -2.56% | -2.83% |
| 6 months | 5.28% | 23.86% |
| 1 year | -0.30% | 23.33% |
| 5 years (annualized) | 0.09% | 11.66% |
| 10 years (annualized) | 1.45% | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.22% | -1.41% | 0.93% | |||||||||
| 2023 | -2.48% | -1.58% | 4.53% | 3.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Madison Core Bond Fund(MBOAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Madison Core Bond Fund (MBOAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Madison Core Bond Fund granted a 2.79% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.25 | $0.17 | $0.19 | $0.41 | $0.25 | $0.24 | $0.23 | $0.27 | $0.46 | $0.45 | $0.29 |
Dividend yield | 2.79% | 2.73% | 1.88% | 1.85% | 3.77% | 2.42% | 2.48% | 2.27% | 2.72% | 4.60% | 4.46% | 2.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Core Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | |||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 |
| 2021 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 |
| 2015 | $0.02 | $0.02 | $0.18 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 | $0.02 | $0.01 | $0.11 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Madison Core Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Madison Core Bond Fund was 17.77%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Madison Core Bond Fund drawdown is 12.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.77% | Jan 4, 2021 | 454 | Oct 20, 2022 | — | — | — |
| -7.36% | Mar 9, 2020 | 9 | Mar 19, 2020 | 49 | May 29, 2020 | 58 |
| -4.78% | May 3, 2013 | 86 | Sep 5, 2013 | 237 | Aug 14, 2014 | 323 |
| -4.61% | Mar 18, 2004 | 40 | May 13, 2004 | 75 | Aug 31, 2004 | 115 |
| -4.25% | Jun 16, 2003 | 43 | Aug 14, 2003 | 124 | Feb 11, 2004 | 167 |
Volatility
Volatility Chart
The current Madison Core Bond Fund volatility is 1.97%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.