Madison Target Retirement 2050 Fund - ULTRA SERIES FUND

Shareclass
Madison Target Retirement 2050 Fund Madison Target Retirement 2050 Fund Class I
Type
Other
Target date
Madison Target Retirement Fund - ULTRA SERIES FUND
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, below the threshold of 0.5%. Assigned a grade of C.
How we track deforestation-risk investments
C
6.99%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
198
holdings flagged
6.83%
of assets flagged
This fund contains
 $2.4 MILLION invested 
in holdings flagged for deforestation risk
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producers
Commodity producers
55 holdings
0.22% of assets
$77,822 invested
banks
Banks and lenders
37 holdings
1.3% of assets
$456,803 invested
consumers
Major consumer brands
120 holdings
5.37% of assets
$1.89 MILLION invested
Commodity producers
Commodity producers
55 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
55 HOLDINGS
  • % of portfolio
    $ invested
  • 1. ITOCHU Corp
    Timber producerRubber producerPaper/pulp producerPalm oil producer
    0.07%0.07% of portfolio
    $26,370$26,370 invested
    Timber producerRubber producerPaper/pulp producerPalm oil producer
  • 2. Mitsubishi Corp
    Palm oil producer
    0.03%0.03% of portfolio
    $12,258$12,258 invested
    Palm oil producer
  • 3. Hormel Foods Corp
    Soy producerCattle producer
    0.01%0.01% of portfolio
    $4,564$4,564 invested
    Soy producerCattle producer
  • 4. POSCO Holdings Inc
    Palm oil producer
    0.01%0.01% of portfolio
    $4,018$4,018 invested
    Palm oil producer
  • 5. Samsung C&T Corp
    Palm oil producer
    <0.01%<0.01% of portfolio
    $3,502$3,502 invested
    Palm oil producer
View next 5
Banks and lenders
Banks and lenders
37 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
37 HOLDINGS
  • % of portfolio
    $ invested
  • 1. HSBC Holdings PLC
    0.1%0.1% of portfolio
    $36,227$36,227 invested
  • 2. Banco Bilbao Vizcaya Argentaria SA
    0.1%0.1% of portfolio
    $35,140$35,140 invested
  • 3. Sumitomo Mitsui Financial Group Inc
    0.09%0.09% of portfolio
    $32,696$32,696 invested
  • 4. Barclays PLC
    0.09%0.09% of portfolio
    $31,785$31,785 invested
  • 5. BNP Paribas SA
    0.09%0.09% of portfolio
    $31,420$31,420 invested
View next 5
Major consumer brands
Major consumer brands
120 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
120 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Procter & Gamble Co/The
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.91%0.91% of portfolio
    $327,290$327,290 invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 2. Costco Wholesale Corp
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.75%0.75% of portfolio
    $268,997$268,997 invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 3. PepsiCo Inc
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.37%0.37% of portfolio
    $131,616$131,616 invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 4. TJX Cos Inc/The
    Cattle major consumer brandTimber major consumer brandPaper/pulp major consumer brand
    0.32%0.32% of portfolio
    $115,881$115,881 invested
    Cattle major consumer brandTimber major consumer brandPaper/pulp major consumer brand
  • 5. 3M Co
    Paper/pulp major consumer brand
    0.29%0.29% of portfolio
    $104,412$104,412 invested
    Paper/pulp major consumer brand
View next 5
View more info
DATA AS OF 31 Dec 2025





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