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
5.25%
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
241
holdings flagged
5.18%
of assets flagged
This fund contains
 $2 MILLION invested 
in holdings flagged for deforestation risk
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producers
Commodity producers
91 holdings
0.24% of assets
$91,760 invested
banks
Banks and lenders
42 holdings
1.33% of assets
$513,997 invested
consumers
Major consumer brands
128 holdings
3.67% of assets
$1.42 MILLION invested
Commodity producers
Commodity producers
91 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%.
91 HOLDINGS
  • % of portfolio
    $ invested
  • 1. ITOCHU Corp
    Timber producerRubber producerPaper/pulp producerPalm oil producer
    0.07%0.07% of portfolio
    $26,233$26,233 invested
    Timber producerRubber producerPaper/pulp producerPalm oil producer
  • 2. Mitsubishi Corp
    Palm oil producer
    0.03%0.03% of portfolio
    $12,970$12,970 invested
    Palm oil producer
  • 3. Glencore PLC
    Soy producerPalm oil producer
    0.02%0.02% of portfolio
    $9,223$9,223 invested
    Soy producerPalm oil producer
  • 4. Hormel Foods Corp
    Soy producerCattle producer
    0.01%0.01% of portfolio
    $5,042$5,042 invested
    Soy producerCattle producer
  • 5. MARUBENI CORP
    Timber producerRubber producerPaper/pulp producer
    0.01%0.01% of portfolio
    $4,799$4,799 invested
    Timber producerRubber producerPaper/pulp producer
View next 5
Banks and lenders
Banks and lenders
42 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).
42 HOLDINGS
  • % of portfolio
    $ invested
  • 1. HSBC HOLDINGS PLC
    0.16%0.16% of portfolio
    $63,552$63,552 invested
  • 2. Commonwealth Bank of Australia
    0.1%0.1% of portfolio
    $41,149$41,149 invested
  • 3. JPMorgan Chase & Co
    0.1%0.1% of portfolio
    $39,042$39,042 invested
  • 4. Sumitomo Mitsui Financial Group Inc
    0.1%0.1% of portfolio
    $37,826$37,826 invested
  • 5. BARCLAYS PLC
    0.08%0.08% of portfolio
    $32,584$32,584 invested
View next 5
Major consumer brands
Major consumer brands
128 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).
128 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Costco Wholesale Corp
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.72%0.72% of portfolio
    $282,623$282,623 invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Procter & Gamble Co/The
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.52%0.52% of portfolio
    $203,220$203,220 invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 3. TJX Cos Inc/The
    Cattle major consumer brandTimber major consumer brandPaper/pulp major consumer brand
    0.28%0.28% of portfolio
    $109,317$109,317 invested
    Cattle major consumer brandTimber major consumer brandPaper/pulp major consumer brand
  • 4. 3M Co
    Paper/pulp major consumer brand
    0.18%0.18% of portfolio
    $68,635$68,635 invested
    Paper/pulp major consumer brand
  • 5. Shell PLC
    Soy major consumer brandPalm oil major consumer brand
    0.16%0.16% of portfolio
    $63,029$63,029 invested
    Soy major consumer brandPalm oil major consumer brand
View next 5
View more info
DATA AS OF 30 Jun 2026





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