MBOAX Performance — Madison Core Bond Fund, Class A
Data updated: 2026-09-17
MBOAX returned −28.33% year to date and −41.19% over one year to Jul 2026. Over one year the fund trailed its Intermediate Core Bond category average: $100 grew to $59, against $103 for the category. Volatility over the past 12 months was 3.39% a year. In the 12 months to Jul 2026 the fund took in a net $21.8M, and assets reached $223.27M.
MBOAX Growth of $100
What $100 invested in Madison Core Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | MBOAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $59 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $21 | $113 |
| 5 years (Aug 2021 – Jul 2026) | $6 | $100 |
| Since data start (Aug 2019 – Jul 2026) | $2 | $110 |
MBOAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −28.33% |
| 1 year | −41.19% |
3- and 5-year figures withheld: returns differ from sibling classes.
MBOAX Annual Returns
Calendar-year total returns of Madison Core Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −28.33% |
| 2025 | −38.45% |
| 2024 | −41.87% |
| 2023 | −39.25% |
| 2022 | −49.79% |
| 2021 | −43.48% |
| 2020 | −37.21% |
| 2019 (Aug–Dec) | −19.09% |
MBOAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −4.2% | −3.1% | −6.2% | −4.4% | −4.3% | −4.1% | −6.1% | — | — | — | — | — |
| 2025 | −4.1% | −2.4% | −4.6% | −4.2% | −5.2% | −2.8% | −4.8% | −3.4% | −3.5% | −4.0% | −3.8% | −4.7% |
| 2024 | −4.7% | −5.9% | −3.6% | −6.8% | −3.0% | −3.4% | −2.8% | −2.9% | −3.3% | −6.9% | −3.6% | −6.0% |
| 2023 | −1.9% | −6.9% | −2.3% | −4.0% | −5.4% | −4.8% | −4.5% | −5.0% | −6.9% | −6.0% | −0.2% | −0.7% |
| 2022 | −6.5% | −5.7% | −6.9% | −8.0% | −4.2% | −6.0% | −2.2% | −7.0% | −8.4% | −5.5% | −1.6% | −4.6% |
| 2021 | −5.4% | −5.8% | −5.4% | −3.7% | −4.3% | −3.7% | −3.6% | −4.7% | −5.3% | −4.5% | −4.5% | −4.7% |
| 2020 | −2.7% | −3.0% | −5.9% | −2.2% | −3.6% | −3.5% | −2.7% | −5.2% | −4.6% | −4.9% | −3.0% | −4.2% |
| 2019 | — | — | — | — | — | — | — | −2.2% | −5.1% | −4.4% | −4.6% | −4.5% |
MBOAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 3.39%
- Best month: −3.07% (Feb 2026)
- Worst month: −6.24% (Mar 2026)
MBOAX Fund Flows
Monthly money in and out of Madison Core Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $21.8M
- 12-month gross sales (incl. reinvestments): $52.8M
- Sales ÷ redemptions: 1.70×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.8M | $3.8M | −$931K |
| Jun 2026 | $2.7M | $1.2M | $1.4M |
| May 2026 | $3.4M | $1.5M | $1.9M |
| Apr 2026 | $1.7M | $2.1M | −$402K |
| Mar 2026 | $1.3M | $2.9M | −$1.6M |
| Feb 2026 | $15.2M | $9.7M | $5.5M |
| Jan 2026 | $1.8M | $2.0M | −$216K |
| Dec 2025 | $3.4M | $1.5M | $1.9M |
| Nov 2025 | $3.3M | $2.2M | $1.1M |
| Oct 2025 | $1.4M | $1.7M | −$231K |
| Sep 2025 | $4.6M | $1.3M | $3.3M |
| Aug 2025 | $11.3M | $1.3M | $9.9M |
MBOAX Assets Under Management
Net assets of Madison Core Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $223.27M |
| 2026-04-30 | $225.33M |
| 2026-01-31 | $224.48M |
| 2025-10-31 | $221.91M |
| 2025-07-31 | $204.98M |
| 2025-04-30 | $201.15M |
| 2025-01-31 | $199.96M |
| 2024-10-31 | $195.79M |
| 2024-07-31 | $185.74M |
| 2024-04-30 | $174.63M |
| 2024-01-31 | $195.73M |
| 2023-10-31 | $181.30M |
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.