Madison Target Retirement 2050 Fund
Data updated: 2026-08-21
C000093111 — Madison Target Retirement 2050 Fund. Target Date / Glide Path Allocation · $38.14M AUM. Holdings, fees, performance and SEC filings.
C000093111 Fund Overview
Madison Target Retirement 2050 Fund is a US mutual fund managed by Ultra Series Fund, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ultra Series Fund
- Category: Target Date / Glide Path Allocation
- Assets under management: $38.14M
- 1-year return: 18.9%
- SEC CIK: 0000732697
- SEC series ID: S000030254
- Share class ID: C000093111
C000093111 Investment Objective and Strategy
Madison Target Retirement 2050 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ultra Series Fund.
Investment objective
The Madison Target Retirement 2050 Fund seeks to provide capital appreciation and current income consistent with its current asset allocation.
Principal investment strategy
The Fund invests primarily in shares of other registered investment companies, including those whose shares trade on a stock exchange (exchange traded funds or ETFs) (the underlying funds), according to an asset allocation strategy developed by the Funds investment adviser, Madison Asset Management, LLC (Madison), for investors planning to retire in or within a few years of 2050. Over time, the Funds asset allocation will become more conservative until it reaches approximately 10-30% in stock funds and 70-90% in bond funds as illustrated in the chart below. The asset allocation strategy is designed to reduce the volatility of investment returns in the later years while still providing the potential for higher total returns over the target period. Market conditions and the perceived value of securities will change as the investor moves across the glide path.
Although the actual allocations may vary, as of December 31, 2025, the Funds portfolio allocation as a percentage of net assets was: - Bond Funds: 27.0 % - Foreign Stock Funds: 19.7 % - Short-Term Investments: 4.2% - Stock Funds: 48.9% - Net Other Assets and Liabilities: 0.2% On a periodic basis, Madison will evaluate and sometimes revise the Funds asset allocation, including revising the asset class weightings and adding and/or removing underlying funds. Madison will also monitor the underlying funds on an ongoing basis and may increase or decrease the Funds investment in one or several underlying funds. The underlying fund selections are made based on several considerations, including the Funds style or asset class exposures, portfolio characteristics, risk profile, and investment process.
The Funds investment strategy reflects Madisons general Participate and Protect investment philosophy. Madisons expectation is that investors in the Fund will participate in market appreciation during bull markets and experience something less than full participation during bear markets compared with investors in portfolios holding more speculative and volatile securities; therefore, this investment philosophy is intended to represent a conservative investment strategy. There is no assurance that Madisons expectations regarding this investment strategy will be realized. Although the Fund expects to pursue its investment objective utilizing its principal investment strategies regardless of market conditions, the Fund may invest up to 100% in cash, money market funds, and/or money market instruments.
To the extent the Fund engages in this temporary defensive position, the Funds ability to achieve its investment objective may be diminished.
C000093111 Holdings
Top 10 holdings of Madison Target Retirement 2050 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Quality Etf | 15.39% |
| Vanguard Information Technology ETF | 9.24% |
| Vanguard FTSE All-World ex-US ETF | 8.57% |
| JPMorgan International Research Enhanced Equity ETF | 6.75% |
| Janus Henderson Mortgage-Backed Securities ETF | 6.49% |
| iShares 7-10 Year Treasury Bond ETF | 5.70% |
| VictoryShares Free Cash Flow ETF | 5.48% |
| Distillate US Fundamental Stability & Value ETF | 5.45% |
| Schwab Intermediate-Term U.S. Treasury ETF | 5.12% |
| iShares Core S&P U.S. Growth ETF | 4.60% |
C000093111 Portfolio Allocation
Asset-class allocation of Madison Target Retirement 2050 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.8% |
| Cash & Equivalents | 3.2% |
C000093111 Performance
Total returns for C000093111 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.4% |
| 1 year | 18.9% |
| 3 years (annualised) | 12.8% |
| 5 years (annualised) | 6.2% |
C000093111 Risk Information
Risk metrics for C000093111, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.2%
C000093111 Costs and Fees
C000093111 costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 0.50%
- Portfolio turnover: 42%
- Brokerage commissions: 5.04 bps of average net assets (SEC N-CEN)
C000093111 Cashflows
Over the 12 months to 2026-06, Madison Target Retirement 2050 Fund had net outflows of $3.40M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $417.64K |
| 2026-05 | −$1.09M |
| 2026-04 | $59.92K |
| 2026-03 | $59.43K |
| 2026-02 | $139.97K |
| 2026-01 | $338.55K |
C000093111 Debt Constituents
No individual debt constituents are reported in Madison Target Retirement 2050 Fund's latest SEC N-PORT filing.
C000093111 Prospectus and SEC Filings
Official Madison Target Retirement 2050 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-10
- Annual census (N-CEN) — filed 2026-03-10
- Annual census (N-CEN) — filed 2025-03-11
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.