C000052855 Fees and Costs — Madison Target Retirement 2040 Fund, Class I
Data updated: 2026-08-21
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $20K in broker commissions, 0.0492% of average net assets, and portfolio turnover was 35%.
C000052855 Fees and Expenses
Annual operating expenses and sales charges of C000052855. 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 | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| 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 |
C000052855 Costs Over Time
On $10,000 invested in C000052855, assuming 5% a year before costs, total costs come to $340 over 5 years, cutting the return by 0.57% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $186 | $340 |
| Value after costs | $10,443 | $11,390 | $12,422 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
C000052855 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): 0.0492%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $339.8M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
C000052855 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $6K | 30.38% |
| Robert W. Baird & Co. Incorporated | $6K | 29.99% |
| SG Americas Securities, LLC | $5K | 23.46% |
| William Blair & Company, L.L.C. | $3K | 16.17% |
C000052855 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $339.8M | 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.