- Small Cap Fund
The Small Cap Fund seeks long-term capital appreciation.
The fund invests primarily in a diversified mix of common stocks of U.S. small cap companies that are believed to be undervalued by various measures and offer sound prospects for capital appreciation. The subadviser employs a value-oriented investment approach in selecting stocks, using proprietary fundamental research to identify securities of issuers the subadviser believes have attractive valuations. The subadviser focuses on companies with a record of above average rates of profitability that sell at a discount relative to the overall small cap market.
|(as of Monday March 27, 2017)|
|Class A||Class B||Class Y|
The investment adviser to the fund is Madison Asset Management, LLC (“Madison”). Madison has delegated the day-to-day responsibility of managing the fund to Wellington Management Company LLP.
Timothy McCormack, CFA (Senior Managing Director and Equity Portfolio Manager of Wellington Management) is the fund’s portfolio manager, and Shaun Pedersen (Senior Managing Director and Equity Portfolio Manager of Wellington Management) is involved in portfolio management and securities analysis for the fund. Mr. McCormack has served in this capacity since July 2008, and Mr. Pedersen has served in this capacity since 2006.
|Top Ten Fund Holdings|
|(as of February 28, 2017)|
|MUELLER INDUSTRIES INC||3.2%|
|WEBSTER FINANCIAL CORP||2.7%|
|INTERNATIONAL BANCSHARES CRP||2.4%|
|FIRST MIDWEST BANCORP INC/IL||2.3%|
|HANCOCK HOLDING CO||2.3%|
|ALBANY INTL CORP CL A||2.2%|
|SENSIENT TECHNOLOGIES CORP||2.1%|
|NORTHWEST BANCSHARES INC||2.1%|
|% of Fund in Top Ten Securities||23.9%|
|Net Assets (as of 12/31/16)||$109.4 Million|
|Turnover (as of 10/31/16)||19%|