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Morningstar

Madison Conservative Allocation A MCNAX

Morningstar Medalist Rating
Medalist Rating as of | See Madison Investment Investment Hub
  • NAV / 1-Day Return 9.36  /  −0.21 %
  • Total Assets 44.0 Mil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 2.02%
  • Turnover 53%

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis MCNAX

Will MCNAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MCNAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MCNAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MCNAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Madison Conservative Allocation A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MCNAX

More MCNAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 85.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Madison Core Bond R6

30.23 13.7 Mil
—

Madison Investors R6

9.97 4.5 Mil
—

iShares Treasury Floating Rate Bond ETF

9.78 4.4 Mil
—

Schwab Intermediate-Term US Trs ETF™

8.92 4.0 Mil
—

Janus Henderson Mortgage-Backed Sec ETF

7.79 3.5 Mil
—

iShares Aaa - A Rated Corporate Bond ETF

4.99 2.3 Mil
—

Distillate US Fdmtl Stblty & Val ETF

4.14 1.9 Mil
—

Ssc Government Gvmxx El Ssc Gov K161gvmxx Early

4.01 1.8 Mil
Cash and Equivalents

Vanguard Information Technology ETF

3.76 1.7 Mil
—

Invesco S&P 500® Quality ETF

3.52 1.6 Mil
—