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Fixed Income

Corporate Bond

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Credit Strategies for All Markets

Madison’s Corporate Bond strategies offer a range of approaches designed to generate higher portfolio yield while carefully managing credit risk. Guided by our disciplined investment philosophy, we combine active portfolio management with deep proprietary research to uncover value in investment-grade corporate bonds. Our experienced team balances credit quality, diversification, structure, and valuation to build portfolios that seek competitive returns across market environments.

Fixed Income Team

Related Insights

In addition to the ongoing market risk applicable to portfolio securities, bonds are subject to interest rate risk, credit risk and inflation risk. When interest rates rise, bond prices fall; generally, the longer a bond’s maturity, the more sensitive it is to this risk. Credit risk is the possibility that the issuer of a security will be unable to make interest payments and repay the principal on its debt. 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.

Madison’s expectation is that investors will participate near fully 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, the investment philosophy is intended to represent a conservative investment strategy. There is no assurance that Madison’s expectations regarding this investment strategy will be realized.

Diversification does not assure a profit or protect against loss in a declining market.