MIIBX

About MIIBX

Madison High Quality Bond Fund Class Y is an actively managed open‑end mutual fund focused on investment‑grade fixed income. Its stated objective is to obtain the highest total return within strict policy limits: investing primarily in bonds and money market instruments rated A or better and maintaining a dollar‑weighted average maturity of ten years or less. The portfolio spans U.S. Treasury and agency securities alongside high‑quality corporate debt, with an emphasis on preserving credit quality and managing interest‑rate exposure. The fund’s profile aligns with the short‑term bond category, featuring high credit quality and limited interest‑rate sensitivity, supported by measures such as effective duration in the low‑to‑mid single digits. It distributes income quarterly and is designed to deliver a conservative core bond allocation for investors prioritizing stability and consistent income within an investment‑grade universe. Class Y carries an expense ratio of 0.50% and has a long operating history since 2000 under the Madison brand’s disciplined fixed income approach.