# EDGAR Filing Document

**Accession Number:** 0000732697
**File Stem:** 0001752724-23-026669
**Filing Date:** 2023-2
**Character Count:** 11561
**Document Hash:** 142332bbbe39af4b278b65fabf52b0c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-026669.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001752724-23-026669

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ULTRA SERIES FUND
- **CENTRAL INDEX KEY:** 0000732697
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04815
- **FILM NUMBER:** 23638485

**BUSINESS ADDRESS:**
- **STREET 1:** 550 SCIENCE DRIVE
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53711
- **BUSINESS PHONE:** 6082740300

**MAIL ADDRESS:**
- **STREET 1:** 550 SCIENCE DRIVE
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53711

## Series and Classes Contracts Data

### Moderate Allocation Fund (Series ID: S000020001)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000056079 | Moderate Allocation Fund Class I  |  |
| C000074793 | Moderate Allocation Fund Class II |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ULTRA SERIES FUND

- **b. Investment Company Act file number:** 811-04815

- **c. CIK number of Registrant:** 0000732697

- **d. LEI of Registrant:** 254900JPNAJ16VJV5X45

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 550 SCIENCE DRIVE

  - **City:** MADISON

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53711

  - **Telephone number:** 608-274-0300

**Item A.2. Information about the Series.**

- **a. Name of Series:** Moderate Allocation Fund

- **b. EDGAR series identifier (if any):** S000020001

- **c. LEI of Series:** 254900W3DITR2R4CW823

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $119945019.97

**Total Liabilities:** $1115903.80

**Net Assets:** $118829116.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000056079 | 3.53%                | 4.67%                | -2.56%               |
| Class ID C000074793 | 3.51%                | 4.64%                | -2.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-859731.59              | $4815225.23                                |
| Month 2  | $-218200.34              | $5596012.22                                |
| Month 3  | $-370928.62              | $-4714758.49                               |

### Schedule of Portfolio Investments

| Name                                                            | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF            | CUSIP: 46090F100<br>LEI: 549300FMDZNC0BEIYQ10 | Long             | EC               | RF                | US        |     70780 | NS      | $1046128.40   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                                    | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   1062250 | NS      | $1062250.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                                    | State Street Institutional US Government Money Market Fund                  | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  12305598 | NS      | $12305597.51  | 10.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Distillate US Fundamental Stability & Value ETF                 | Distillate U.S. Fundamental Stability & Value ETF                           | CUSIP: 26922A321<br>LEI: 5493002W0E8K4UD8QD78 | Long             | EC               | RF                | US        |    162957 | NS      | $6648645.60   | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Gold Miners ETF/USA                                      | VanEck Gold Miners ETF                                                      | CUSIP: 92189F106<br>LEI: 54930031TORTKAM9TJ98 | Long             | EC               | RF                | US        |     51394 | NS      | $1472952.04   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Select Sector SPDR Fund                                  | Energy Select Sector SPDR Fund                                              | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Long             | EC               | RF                | US        |     36681 | NS      | $3208487.07   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Information Technology ETF                             | Vanguard Information Technology ETF                                         | CUSIP: 92204A702<br>LEI: J2NTZGJBERBYMUMBIE74 | Long             | EC               | RF                | US        |     31991 | NS      | $10218245.31  | 8.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Madison Investors Fund                                          | Madison Investors Fund                                                      | CUSIP: 557492386<br>LEI: 5493000V85LMHCOTG216 | Long             | EC               | RF                | US        |    546203 | NS      | $12491652.59  | 10.51%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P U.S. Growth ETF                                | iShares Core S&P U.S. Growth ETF                                            | CUSIP: 464287671<br>LEI: 549300JOHA1VZHAEBP32 | Long             | EC               | RF                | US        |     14397 | NS      | $1173643.44   | 0.99%             |  |  |  | No            |                  1 | On Loan: —       |
| Vanguard FTSE All-World ex-US ETF                               | Vanguard FTSE All-World ex-U.S. ETF                                         | CUSIP: 922042775<br>LEI: DHT9U5XH2TTB8CZQX861 | Long             | EC               | RF                | US        |    130337 | NS      | $6535097.18   | 5.50%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF                                  | iShares Core S&P Small-Cap ETF                                              | CUSIP: 464287804<br>LEI: 549300BZQ17QYN750B25 | Long             | EC               | RF                | US        |     38553 | NS      | $3648655.92   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Corporate Bond ETF                          | Vanguard Short-Term Corporate Bond ETF                                      | CUSIP: 92206C409<br>LEI: GW69FWO1NUHCKLV98X51 | Long             | EC               | RF                | US        |     63402 | NS      | $4767196.38   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Intermediate-Term U.S. Treasury ETF                      | Schwab Intermediate-Term U.S. Treasury ETF                                  | CUSIP: 808524854<br>LEI: N/A                  | Long             | EC               | RF                | US        |    121562 | NS      | $5984497.26   | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Treasury Floating Rate Bond ETF                         | iShares Treasury Floating Rate Bond ETF                                     | CUSIP: 46434V860<br>LEI: 549300IH7Y9SW6BCOA50 | Long             | EC               | RF                | US        |    143158 | NS      | $7216594.78   | 6.07%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 20+ Year Treasury Bond ETF                              | iShares 20+ Year Treasury Bond ETF                                          | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |     64484 | NS      | $6420027.04   | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Dividend Income Fund                                    | Madison Dividend Income Fund                                                | CUSIP: 557492188<br>LEI: 2549003L8OSO2VIZPK74 | Long             | EC               | RF                | US        |    244349 | NS      | $6827123.44   | 5.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Core Bond Fund                                          | Madison Core Bond Fund                                                      | CUSIP: 557492196<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2601849 | NS      | $22844236.14  | 19.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Schwab US Dividend Equity ETF                                   | Schwab U.S. Dividend Equity ETF                                             | CUSIP: 808524797<br>LEI: 549300MUIMRQQDWJ5226 | Long             | EC               | RF                | US        |     22102 | NS      | $1669585.08   | 1.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Madison Mid Cap Fund                                            | Madison Mid Cap Fund                                                        | CUSIP: 557492485<br>LEI: N/A                  | Long             | EC               | RF                | US        |    109152 | NS      | $1411329.92   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Mortgage-Backed Securities ETF                  | Janus Henderson Mortgage-Backed Securities ETF                              | CUSIP: 47103U852<br>LEI: 549300V6TVE4ZJCDWY16 | Long             | EC               | RF                | US        |     65830 | NS      | $2992631.80   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** ULTRA SERIES FUND

**Signature:** Greg Hoppe

**Name of Signer:** Greg Hoppe

**Title:** Chief Financial Officer