MMDAX: Madison Moderate Allocation A

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MMDAX Madison Moderate Allocation A

  • Fund
  • MMDAX
  • Price as of: Oct 18, 2019
  • $11.69 - $0.00 - 0.00%

MMDAX - Profile

Vitals

  • YTD Return 12.9%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 5.8%
  • Net Assets $136 M
  • Holdings in Top 10 76.3%

52 WEEK LOW AND HIGH

$11.69
$10.25
$11.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.70%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 75.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$500

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 12.9%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Madison Moderate Allocation Fund
  • Fund Family Name Madison Funds
  • Inception Date Jun 30, 2006
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick F. Ryan

Fund Description

The fund invests primarily in shares of other registered investment companies (the "underlying funds"). Under normal circumstances, the fund's total net assets will be allocated among various asset classes and underlying funds, including those whose shares trade on a stock exchange, with target allocations over time of approximately 60% equity investments and 40% fixed income investments.

MMDAX - Performance

Return Ranking - Trailing

Period MMDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -38.7% 29.2% 25.86%
1 Yr 5.6% -95.4% 33.0% 16.82%
3 Yr 7.1%* -63.0% 25.2% 10.57%
5 Yr 5.8%* -45.7% 13.4% 12.13%
10 Yr 7.2%* -38.1% 15.4% 22.22%

* Annualized


Return Ranking - Calendar

Period MMDAX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.7% -93.5% 19.0% 75.60%
2017 8.7% -44.7% 46.3% 24.64%
2016 2.1% -84.5% 146.1% 66.39%
2015 -7.7% -40.7% 14.6% 73.55%
2014 -0.9% -35.0% 306.6% 65.30%

Total Return Ranking - Trailing

Period MMDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -38.7% 29.2% 27.48%
1 Yr -0.5% -26.5% 33.0% 76.70%
3 Yr 5.0%* -50.0% 25.2% 44.05%
5 Yr 4.5%* -40.3% 13.4% 43.50%
10 Yr 6.5%* -38.1% 15.4% 50.38%

* Annualized


Total Return Ranking - Calendar

Period MMDAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.8% -27.2% 19.0% 28.15%
2017 14.3% -44.7% 46.3% 16.69%
2016 6.5% -84.5% 146.1% 38.19%
2015 -1.3% -36.9% 14.6% 34.32%
2014 3.5% -35.0% 306.6% 67.90%

NAV & Total Return History

MMDAX - Holdings

Concentration Analysis

MMDAX Category Low Category High MMDAX % Rank
Net Assets 136 M 595 K 150 B 65.47%
Number of Holdings 19 2 13619 77.63%
Net Assets in Top 10 104 M -206 M 29 B 55.57%
Weighting of Top 10 76.34% 9.0% 808.8% 32.01%

Top 10 Holdings

  1. Madison Investors Y 13.30%

  2. Madison Dividend Income Y 13.16%

  3. Madison Core Bond Y 11.58%

  4. Vanguard Short-Term Corporate Bond ETF 9.76%

  5. Baird Aggregate Bond Inst 6.20%

  6. Vanguard Short-Term Treasury ETF 6.08%

  7. iShares Edge MSCI Min Vol EAFE ETF 4.57%

  8. iShares Core S&P 500 ETF 4.03%

  9. Madison Mid Cap Y 3.87%

  10. iShares 20+ Year Treasury Bond ETF 3.79%


Asset Allocation

Weighting Return Low Return High MMDAX % Rank
Stocks
48.81% -41.01% 85.51% 46.22%
Bonds
39.94% -35.77% 80.79% 50.89%
Cash
10.80% -46.53% 72.58% 20.08%
Convertible Bonds
0.43% 0.00% 84.63% 40.76%
Other
0.01% -36.58% 100.69% 52.88%
Preferred Stocks
0.00% 0.00% 49.94% 89.66%

Stock Sector Breakdown

Weighting Return Low Return High MMDAX % Rank
Financial Services
9.43% -7.21% 29.64% 26.94%
Technology
8.35% -18.03% 25.15% 41.78%
Consumer Cyclical
6.60% -10.48% 41.19% 23.41%
Industrials
5.64% -2.39% 24.11% 34.01%
Healthcare
5.33% -6.04% 21.65% 51.36%
Consumer Defense
4.34% -4.20% 11.56% 31.99%
Basic Materials
2.31% -1.69% 15.06% 18.57%
Communication Services
2.17% -6.69% 6.14% 24.62%
Energy
1.68% -2.02% 67.98% 64.98%
Utilities
1.52% -2.30% 56.62% 44.50%
Real Estate
1.36% -8.18% 50.99% 56.00%

Stock Geographic Breakdown

Weighting Return Low Return High MMDAX % Rank
US
35.56% -41.02% 95.72% 49.80%
Non US
13.25% -71.32% 29.49% 10.64%

Bond Sector Breakdown

Weighting Return Low Return High MMDAX % Rank
Government
17.88% -149.28% 80.79% 29.42%
Corporate
15.81% -8.79% 89.89% 54.27%
Cash & Equivalents
10.80% -46.36% 335.52% 19.38%
Securitized
6.35% 0.00% 45.59% 59.94%
Municipal
0.34% 0.00% 58.02% 21.27%
Derivative
0.00% -84.86% 22.55% 64.51%

Bond Geographic Breakdown

Weighting Return Low Return High MMDAX % Rank
US
37.58% -36.43% 358.36% 51.89%
Non US
2.36% -302.38% 19.59% 67.00%

MMDAX - Expenses

Operational Fees

MMDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.00% 18.45% 72.22%
Management Fee 0.20% 0.00% 2.00% 26.47%
12b-1 Fee 0.25% 0.00% 1.00% 46.55%
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

MMDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 28.65%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MMDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover 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.

MMDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 75.00% 0.00% 1225.00% 69.22%

MMDAX - Distributions

Dividend Yield Analysis

MMDAX Category Low Category High MMDAX % Rank
Dividend Yield 1.44% 0.00% 11.55% 27.24%

Dividend Distribution Analysis

MMDAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MMDAX Category Low Category High MMDAX % Rank
Net Income Ratio 1.39% -4.09% 6.65% 62.22%

Capital Gain Distribution Analysis

MMDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

MMDAX - Managers

Patrick F. Ryan

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2008

11.75

11.8%

Mr. Ryan, Vice President and Portfolio Manager of Madison. Prior to joining Madison in July 2009, Mr. Ryan was a Senior Analyst at MEMBERS Capital Advisors, Inc. (“MCA”), the former investment adviser to the Portfolios. While at MCA, Mr. Ryan had been responsible for conducting manager research and due diligence for MCA’s managed accounts products since 2004.


David Hottmann

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2009

10.01

10.0%

Mr. Hottmann, Vice President and Portfolio Manager of Madison Asset Management, LLC. Mr. Hottman joined Madison in September 2009 as a senior member of the firm’s asset allocation management team. Prior to joining the firm, Mr. Hottmann had been the Chief Investment Officer at ACS Johnson Investment Advisors, his employer since 1999.


Tenure Analysis

Category Low

0.0

Category High

35.77

Category Average

6.83

Category Mode

7.37