Madison Government
Corporate

Madison Government/Corporate Bond strategies are designed to offer investors a transparent, risk-focused bond allocation that can be used to complement other traditional asset classes. These strategies emphasize U.S. Government and Investment-grade, U.S. Corporate debt securities with short-to-intermediate durations. 

Our goal is to offer clients a fixed income allocation that seeks to provide stability during times of volatility. Preservation of capital is our primary objective, followed by generating a reasonable level of income.


Video: Philosophy and Approach

Portfolio Managers Mike Sanders and Chris Nisbet give an overview of fixed income at Madison Investments.


Madison High-Quality Intermediate Government Corporate

U.S. Treasury, Government Agency and A-or-better rated corporate bond portfolio with an average portfolio maturity of less than 12 years and a duration between 2 and 5 years.

Strategy Overview | Madison High Quality Bond Fund | Quarterly Commentary + Fact Sheet

Madison Intermediate Government Corporate

U.S. Treasury, Government Agency and BBB-or-better rated corporate bond portfolio with an average portfolio maturity of less than 12 years and a duration between 2 and 5 years.

Quarterly Commentary + Fact Sheet

Madison Limited Duration Government Corporate

U.S. Treasury, Government Agency and Investment Grade Corporate portfolio with a maximum maturity of five years and an average duration between 1 to 3 years.


Mike Sanders, CFA®, FRM®
Head of Madison Fixed Income, Portfolio Manager
Chris Nisbet, CFA®
Portfolio Manager
Allen Olson, CFA®
Portfolio Manager/Analyst
Michael Peters, CFA®
Portfolio Manager
Greg Poplett, CFA®
Portfolio Manager
Chris Schroeder
Portfolio Manager/Analyst
Alan Shepard, CFA®
Portfolio Manager/Analyst
Michael Massel, CFA®
Fixed Income Analyst
Jeffrey Matthias, CFA®, CAIA®, CIPM®, CFP®
Portfolio Manager
Paul Lefurgey, CFA®
Co-Head of Investments – Fixed Income, Executive Committee

Mike Sanders, CFA®, FRM®

Head of Madison Fixed Income, Portfolio Manager
Contact

Mike serves as a Head of Madison Fixed Income and portfolio manager for Madison’s Fixed Income Team, specializing in credit research. Mike has been working in the financial services industry since 2004 and joined Madison in 2013. He earned his BBA in finance from St. Norbert College, M.S. in economics from Marquette University and a MBA in analytical finance and accounting from the University Of Chicago Booth School Of Business. He is a CFA charterholder.

Chris Nisbet, CFA®

Portfolio Manager
Contact

Chris, CFA, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in government and corporate bond portfolios. Chris has been working in the financial services industry since 1990 and joined Madison in 1992. He earned his B.S. in economics and M.S. in finance and investments from the University of Wisconsin-Madison.

Allen Olson, CFA®

Portfolio Manager/Analyst
Contact

Allen, CFA, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in corporate-only and credit research. Allen has been working in the financial services industry since 1998 and joined Madison in 2002. He earned his B.S. in economics from the University of Wisconsin-Green Bay and M.S. in management from the University of Wisconsin-Milwaukee.

Michael Peters, CFA®

Portfolio Manager
Contact

Mike, CFA, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in taxable and tax-free strategies. Mike has been working in the financial services industry since 1987 and joined Madison in 1997. He earned his B.S. in business administration from Valparaiso and his MBA from Indiana University.

Greg Poplett, CFA®

Portfolio Manager
Contact

Greg serves as a portfolio manager for Madison’s Fixed Income Team, specializing in government and corporate bond portfolios. Greg has been working in the financial services industry since 1983 and joined Madison in 2004. He earned his B.S. in business administration from Illinois State University and his MBA from Western Illinois University.

Chris Schroeder

Portfolio Manager/Analyst
Contact

Chris serves as a portfolio manager and credit analyst for Madison’s Fixed Income Team, specializing in high yield. Chris has been working in the financial services industry since 1997 and joined Madison in 2015. He earned his B.S. in mathematics from the University of Wisconsin-Madison and his MBA from Edgewood College.

Alan Shepard, CFA®

Portfolio Manager/Analyst
Contact

Alan serves as a portfolio manager and credit analyst on Madison’s Fixed Income Team, specializing in corporate only and credit research. Alan has been working in the financial services industry since 1988 and joined Madison in 2011. He earned his B.S. in finance and economics from the University of Delaware and his MBA from the University of Wisconsin-Madison, specializing in the Applied Security Analysis Program. Alan is a member of Madison's Sustainable Committee.

Michael Massel, CFA®

Fixed Income Analyst
Contact

Michael, CFA, serves as an analyst for Madison’s Fixed Income Team. Michael has been working in the financial services industry since 2012 and joined Madison in 2017. He earned his B.S. from the University of Illinois-Urbana-Champaign.

Jeffrey Matthias, CFA®, CAIA®, CIPM®, CFP®

Portfolio Manager
Contact

Jeff, CFA, CAIA, CIPM, CFP, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in tax-exempt municipal bond portfolios. Jeff has been working in the financial services industry since 1987 and joined Madison in 2011. He earned his B.S. in finance from the University of Wisconsin-Platteville and his MBA in finance from the University of Wisconsin-Whitewater.

Paul Lefurgey, CFA®

Co-Head of Investments – Fixed Income, Executive Committee
Contact

Paul is one of the Principals at Madison Investments and serves as Co-Head of Investments with a focus on the firm’s Fixed Income and Multi-Asset Solutions Teams. He is on the firm’s Executive Committee, a member of the Madison Fixed Income Team, and a member of the firm’s investment risk management committee: Investment Strategy & Oversight Committee. He started in the financial services industry in 1988 and joined Madison in 2005. Paul is also a member of the Madison Investments Board of Directors and the Madison Funds Board of Directors. Paul was previously the Head of Fixed Income at MEMBERS Capital Advisors and Duff & Phelps Investment Management. He earned his bachelor’s degree in accounting from Michigan State University.

“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”), which also includes the Madison Scottsdale office. MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.

Any performance data shown represents past performance. Past performance is no guarantee of future results.

Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.

This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.

Consider the investment objectives, risks, and charges and expenses of Madison Funds carefully before investing. Each fund's prospectus contains this and other information about the fund. Call 800.877.6089 or visit madisonfunds.com to obtain a prospectus and read it carefully before investing. | Bonds are subject to certain risks including interest-rate risk, credit risk and inflation risk. As interest rates rise, the prices of bonds fall. Long-term bonds are more exposed to interest-rate risk than short-term bonds.

In addition to the ongoing market risk applicable to portfolio securities, bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally, the longer a bond’s maturity, the more sensitive it is to this risk. Bonds may also be subject to call risk, which allows the issuer to retain the right to redeem the debt, fully or partially, before the scheduled maturity date. Proceeds from sales prior to maturity may be more or less than originally invested due to changes in market conditions or changes in the credit quality of the issuer.