MBLCX Fees and Costs — Madison Diversified Income Fund, Class C
Data updated: 2026-09-17
The net expense ratio is 1.86%. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $49K in broker commissions, 0.0384% of average net assets, and portfolio turnover was 24%.
MBLCX Fees and Expenses
Annual operating expenses and sales charges of MBLCX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.86% |
| Fee waiver | — |
| Net expense ratio | 1.86% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| 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 |
MBLCX Costs Over Time
On $10,000 invested in MBLCX, assuming 5% a year before costs, total costs come to $1,166 over 5 years, cutting the return by 1.99% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.86%) | $195 | $604 | $1,037 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $31 | $108 |
| Total costs | $302 | $647 | $1,166 |
| Value after costs | $10,198 | $10,929 | $11,597 |
| Impact on return, per year | 3.02% | 1.99% | 1.99% |
MBLCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0384%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $228.0M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $5.5M
- Net income from securities lending: $20K (0.016% of average net assets)
MBLCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $17K | 33.71% |
| William Blair & Company, L.L.C. | $12K | 23.66% |
| SG Americas Securities, LLC | $8K | 17.15% |
| Jane Street Execution Services, LLC | $6K | 11.90% |
| RBC Capital Markets, LLC | $4K | 8.50% |
| Goldman Sachs & Co. LLC | $3K | 5.08% |
MBLCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $228.0M | 100.00% |
Madison Diversified Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MBLAX | Class A | 1.13% | 5.75% |
| MBLCX | Class C | 1.86% | none |
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.