C000052853 Fees and Costs — Madison Target Retirement 2020 Fund, Class I
Data updated: 2026-08-21
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0447% of average net assets, and portfolio turnover was 19%.
C000052853 Fees and Expenses
Annual operating expenses and sales charges of C000052853. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000052853 Costs Over Time
On $10,000 invested in C000052853, assuming 5% a year before costs, total costs come to $325 over 5 years, cutting the return by 0.54% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $178 | $325 |
| Value after costs | $10,446 | $11,398 | $12,438 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
C000052853 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0447%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $67.8M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
C000052853 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $2K | 44.77% |
| RBC Capital Markets, LLC | $1K | 25.92% |
| William Blair & Company, L.L.C. | $824 | 16.17% |
| SG Americas Securities, LLC | $669 | 13.14% |
C000052853 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $67.8M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.