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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 9.30  /  0.11 %
  • Total Assets 44.6 Mil
  • Adj. Expense Ratio
    0.970%
  • Expense Ratio 0.970%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Status Open
  • TTM Yield 2.12%
  • Turnover 84%

USD | NAV as of Dec 06, 2023 | 1-Day Return as of Dec 06, 2023, 11:15 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-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MCNAX

More MCNAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 19
  • % Assets in Top 10 Holdings 86.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Madison Core Bond R6

29.64
12,818,364
—

iShares 7-10 Year Treasury Bond ETF

9.69
4,191,110
—

Madison Investors R6

8.97
3,880,477
—

iShares Treasury Floating Rate Bond ETF

8.72
3,769,761
—

Janus Henderson Mortgage-Backed Sec ETF

8.24
3,565,057
—

Schwab Intermediate-Term US Trs ETF™

6.40
2,766,421
—

Distillate US Fdmtl Stblty & Val ETF

5.96
2,577,395
—

iShares Aaa - A Rated Corporate Bond ETF

3.59
1,554,303
—

Vanguard Information Technology ETF

3.16
1,368,169
—

Invesco S&P 500® Quality ETF

2.42
1,047,038
—