MBLAX: Madison Diversified Income Fund - MutualFunds.com

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Madison Diversified Income A

MBLAX - Snapshot

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 7.2%
  • Net Assets $158 M
  • Holdings in Top 10 25.2%

52 WEEK LOW AND HIGH

$16.57
$12.49
$16.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 34.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Compare MBLAX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$30.14

+0.37%

$166.16 B

1.33%

$0.40

5.75%

0.58%

$45.71

-0.35%

$104.44 B

2.19%

$1.00

5.37%

0.25%

$43.15

-0.25%

$46.53 B

1.31%

$0.57

9.99%

0.18%

$35.52

-0.31%

$40.35 B

1.35%

$0.48

13.77%

0.70%

$27.17

-0.29%

$36.20 B

1.46%

$0.40

10.45%

0.52%

MBLAX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.80%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Madison Diversified Income Fund
  • Fund Family Name
    Madison Funds
  • Inception Date
    Dec 29, 1997
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Brown

Fund Description

The fund seeks income by investing in a broadly diversified array of securities, including bonds, common stocks, real estate securities, foreign market bonds and stocks, and money market instruments. Bonds, stock and cash components will vary, reflecting the portfolio managers' judgments of the relative availability of attractively yielding and priced stocks and bonds; however, under normal market conditions, the fund's portfolio managers generally attempt to target a 40% bond and 60% stock investment allocation.


MBLAX - Performance

Return Ranking - Trailing

Period MBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -40.7% 26.8% 77.29%
1 Yr 1.3% -21.7% 26.7% 77.15%
3 Yr 6.0%* -4.7% 12.9% 33.17%
5 Yr 7.2%* -0.8% 11.3% 31.57%
10 Yr 7.5%* 0.4% 11.8% 42.88%

* Annualized

Return Ranking - Calendar

Period MBLAX Return Category Return Low Category Return High Rank in Category (%)
2019 11.7% -5.8% 25.7% 69.05%
2018 -10.8% -32.7% 0.0% 42.22%
2017 9.3% -6.5% 22.4% 42.76%
2016 3.1% -43.7% 23.3% 60.28%
2015 -4.1% -32.5% 2.6% 22.87%

Total Return Ranking - Trailing

Period MBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -40.7% 26.7% 77.14%
1 Yr -4.6% -21.7% 26.7% 90.18%
3 Yr 3.9%* -4.7% 12.9% 65.40%
5 Yr 5.9%* -0.8% 11.3% 57.05%
10 Yr 6.8%* 0.4% 11.8% 58.06%

* Annualized

Total Return Ranking - Calendar

Period MBLAX Return Category Return Low Category Return High Rank in Category (%)
2019 12.0% -5.8% 25.7% 68.10%
2018 -1.2% -32.7% 0.8% 2.25%
2017 12.8% -3.7% 31.9% 52.13%
2016 8.8% -43.7% 23.3% 15.60%
2015 -0.2% -32.5% 5.6% 16.47%

NAV & Total Return History


MBLAX - Holdings

Concentration Analysis

MBLAX Category Low Category High MBLAX % Rank
Net Assets 158 M 716 K 166 B 76.21%
Number of Holdings 295 2 14317 39.13%
Net Assets in Top 10 39.7 M 654 K 30 B 82.46%
Weighting of Top 10 25.16% 9.3% 100.0% 66.34%

Top 10 Holdings

  1. The Home Depot Inc 3.13%
  2. Verizon Communications Inc 2.86%
  3. Comcast Corp Class A 2.71%
  4. Fastenal Co 2.68%
  5. Johnson & Johnson 2.63%
  6. BlackRock Inc 2.55%
  7. McDonald's Corp 2.30%
  8. Caterpillar Inc 2.29%
  9. Bristol-Myers Squibb Company 2.28%
  10. Cisco Systems Inc 2.23%

Asset Allocation

Weighting Return Low Return High MBLAX % Rank
Stocks
68.79% 0.00% 134.22% 5.24%
Bonds
29.81% -2.18% 97.64% 75.75%
Cash
0.96% -34.22% 89.35% 86.81%
Convertible Bonds
0.43% 0.00% 26.75% 47.68%
Preferred Stocks
0.00% 0.00% 28.13% 81.26%
Other
0.00% -3.55% 30.21% 75.41%

Stock Sector Breakdown

Weighting Return Low Return High MBLAX % Rank
Industrials
16.55% 0.00% 35.09% 2.10%
Healthcare
15.74% 0.00% 36.21% 24.29%
Financial Services
14.17% 0.00% 100.00% 34.48%
Technology
13.07% 0.00% 48.90% 88.31%
Consumer Defense
12.27% 0.00% 17.85% 5.10%
Consumer Cyclical
11.48% 0.00% 24.29% 48.43%
Communication Services
8.09% 0.00% 43.64% 65.82%
Utilities
5.94% 0.00% 100.00% 11.54%
Basic Materials
2.70% 0.00% 30.87% 72.86%
Real Estate
0.00% 0.00% 100.00% 97.60%
Energy
0.00% 0.00% 90.89% 96.55%

Stock Geographic Breakdown

Weighting Return Low Return High MBLAX % Rank
US
64.75% 0.13% 131.11% 3.15%
Non US
4.04% 0.00% 33.15% 73.16%

Bond Sector Breakdown

Weighting Return Low Return High MBLAX % Rank
Corporate
42.97% 0.00% 99.06% 32.23%
Securitized
32.76% 0.00% 59.07% 15.59%
Government
18.89% 0.00% 99.53% 63.12%
Cash & Equivalents
3.07% 0.08% 100.00% 87.71%
Municipal
2.31% 0.00% 24.46% 15.44%
Derivative
0.00% 0.00% 32.58% 65.67%

Bond Geographic Breakdown

Weighting Return Low Return High MBLAX % Rank
US
28.99% -6.66% 74.69% 50.22%
Non US
0.82% -7.18% 73.06% 91.00%

MBLAX - Expenses

Operational Fees

MBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.01% 4.93% 31.82%
Management Fee 0.65% 0.00% 1.75% 79.15%
12b-1 Fee 0.25% 0.00% 1.00% 32.54%
Administrative Fee 0.20% 0.01% 0.83% 83.06%

Sales Fees

MBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.00% 5.75% 17.31%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MBLAX 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.

MBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 0.00% 484.00% 41.08%

MBLAX - Distributions

Dividend Yield Analysis

MBLAX Category Low Category High MBLAX % Rank
Dividend Yield 0.00% 0.00% 8.99% 42.27%

Dividend Distribution Analysis

MBLAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

MBLAX Category Low Category High MBLAX % Rank
Net Income Ratio 1.80% -0.99% 11.02% 43.76%

Capital Gain Distribution Analysis

MBLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

MBLAX - Fund Manager Analysis

Managers

John Brown


Start Date

Tenure

Tenure Rank

Jan 01, 1998

22.85

22.9%

John, CFA, serves as a portfolio manager on Madison's dividend income and value strategies. John has been working in the financial services industry since 1983 and joined Madison in 2009. He earned his B.S. in finance and computer science from Northern Illinois University and his MBA from the University of Wisconsin-Madison.

Paul Lefurgey


Start Date

Tenure

Tenure Rank

Apr 19, 2013

7.54

7.5%

Paul serves as Head of Fixed Income for Madison and is the Chief Executive Officer. Paul has been working in the financial services industry since 1989 and joined Madison in 2005. He earned his B.A. in accounting from Michigan State University. Paul is a member of the Investment Strategy Committee.

Chris Nisbet


Start Date

Tenure

Tenure Rank

Jun 30, 2013

7.34

7.3%

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.

Andrew Justman


Start Date

Tenure

Tenure Rank

Feb 28, 2015

5.68

5.7%

Drew, CFA serves as a portfolio manager on Madison's covered call, dividend income and value strategies. Drew has been working in the financial services industry since 2001 and joined Madison in 2005. He earned his BBA in finance and economics and M.S. in finance from the University of Wisconsin-Madison, specializing in the Applied Security Analysis Program. Prior to joining Madison he worked at Merrill Lynch.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.86 6.24 0.83