- Large Cap Value Fund
The Fund will be merged with and into Madison Dividend Income Fund after the close of business on September 14, 2020. Refer to the Large Cap Value Fund merger Shareholder Notice for more details.
Fund Objective
The Large Cap Value Fund seeks long-term capital growth, with income as a secondary consideration.
Investment Strategies
The Large Cap Value Fund will focus on stocks of companies with financial and market strength, and a long-term record of financial performance. The fund will maintain at least 80% of its assets in large cap stocks. The fund generally follows what is known as a "value" approach which means that the managers seek to invest in stocks at prices below their perceived intrinsic value as estimated based on fundamental analysis of the issuing company and its prospects.
Quarterly Materials
Key Highlights
| (as of Wednesday September 30, 2020) | ||
| Class A | Class Y | |
| Daily Price | 11.69 | 11.64 |
| Ticker Symbol | ||
| Inception Date | 12/29/97 | 6/30/06 |
| Expense Ratio | 0.00 | 0.00 |
Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information
Portfolio Management
John Brown, CFA
John serves as a portfolio manager on Madison’s U.S. Value Team and has over 25 years of investment experience, serving as a portfolio manager since 1987. Prior to joining Madison, John served in a similar capacity for MEMBERS Capital Advisors and Montgomery Asset Management in San Francisco. He earned a BS in Finance and Computer Science from Northern Illinois University, and an MBA from the University of Wisconsin.
Drew Justman, CFA
Drew serves as a portfolio manager on Madison’s Value Team. Prior to joining Madison, he worked with Merrill Lynch. Drew holds a BBA in Finance and Economics and an MS in Finance from the University of Wisconsin. He also graduated from the Applied Security Analysis Program.
Portfolio Highlights
| Top Ten Fund Holdings | |
| (as of August 31, 2020) | |
| HOME DEPOT INC | 4.4% |
| BARRICK GOLD CORP | 4.2% |
| FASTENAL CO | 3.5% |
| BLACKROCK INC | 3.5% |
| VERIZON COMMUNICATIONS INC | 3.3% |
| BRISTOL MYERS SQUIBB CO | 3.3% |
| JOHNSON + JOHNSON | 3.2% |
| CISCO SYSTEMS INC | 3.2% |
| COMCAST CORP CLASS A | 3.1% |
| LINDE PLC | 3.1% |
| % of Fund in Top Ten Securities | 35.0% |
| Net Assets (as of 6/30/20) | $52.3 Million |
| Turnover (as of 10/31/19) | 71% |
