MBOIX Fees and Costs — Madison Core Bond Fund, Class I
Data updated: 2026-09-17
The net expense ratio is 0.36%: a 0.25% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 10%.
MBOIX Fees and Expenses
Annual operating expenses and sales charges of MBOIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.36% |
| Fee waiver | — |
| Net expense ratio | 0.36% |
| 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 |
MBOIX Costs Over Time
On $10,000 invested in MBOIX, assuming 5% a year before costs, total costs come to $228 over 5 years, cutting the return by 0.38% 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 0.36%) | $38 | $119 | $207 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $125 | $228 |
| Value after costs | $10,462 | $11,452 | $12,535 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
MBOIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $954.4M
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $3K (0.001% of average net assets)
MBOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $880.4M | 93.11% |
| BNY Capital Markets, LLC | $23.4M | 2.48% |
| Wells Fargo Securities, LLC | $10.1M | 1.07% |
| Citigroup Global Markets Inc. | $9.2M | 0.97% |
| Morgan Stanley & Co. LLC | $7.6M | 0.81% |
| Goldman Sachs & Co. LLC | $6.8M | 0.72% |
| BNP Paribas Securities Corp. | $2.5M | 0.27% |
| J.P. Morgan Securities LLC | $2.0M | 0.21% |
| Santander Securities LLC | $1.8M | 0.19% |
| Nomura Securities International, Inc. | $1.6M | 0.17% |
Madison Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MBORX | Class R6 | 0.28% | none |
| MBOIX | Class I | 0.36% | none |
| MBOYX | Class Y | 0.46% | none |
| MBOAX | Class A | 0.71% | 4.50% |
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.