Madison Core Bond Fund Class Y (MBOYX)
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Madison Core Bond Fund Class Y Profile
| NASDAQ Exchange | United States Country |
Overview
The fund operates with a specific focus on bonds investment, directing at least 80% of its net assets, including funds sourced from borrowings, into bonds. This strategic approach is designed to maintain a stable flow of current income while minimizing the volatility of the share price. Central to its investment philosophy is a preference for investment grade securities. By maintaining an intermediate average portfolio duration, typically spanning between 3 to 7 years, the fund aims to align its duration to be within 85-115% of its market benchmark. For the purpose of benchmarking duration, the fund uses the Bloomberg U.S. Aggregate Bond Index. This disciplined investment method ensures the fund stays committed to its primary goal of stability in income and limited share price fluctuation.
Products and Services
- Bonds Investment
- Investment Grade Securities
- Portfolio Duration Management
Focusing on a strategic investment in bonds, the fund allocates a minimum of 80% of its net assets, including borrowed amounts for investment purposes, to bonds. This approach is essential for investors seeking a stable and potentially growing return on investment, tapping into the inherent stability of bonds as financial instruments.
The fund places an emphasis on investment grade securities, which are regarded for their high credit quality and lower risk of default. This preference plays a critical role in the fund's strategy to ensure the current income remains stable and to mitigate share price volatility, catering to investors looking for safer investment avenues.
With an intermediate average portfolio duration, generally set between 3 to 7 years, the fund meticulously manages its duration to stay within 85-115% of the Bloomberg U.S. Aggregate Bond Index. This duration management is instrumental in attempting to keep the fund's share price and income level as stable as possible, thereby aligning with the investment objectives of individuals inclined towards moderate risk exposure.
