- Mid Cap Fund
Fund Objective
The Mid Cap Fund seeks long-term capital appreciation.
Investment Strategies
The Mid Cap Fund invests generally in common stocks, securities convertible into common stocks and related equity securities of mid-size and smaller companies. The fund will maintain at least 80% of its assets in mid cap securities. The fund seeks attractive long-term returns through bottom-up security selection based on fundamental analysis in a diversified portfolio of high-quality growth companies with attractive valuations. These will typically be industry leading companies in niches with strong growth prospects.
Key Highlights
| (as of Friday July 10, 2020) | ||||
| Class A | Class B | Class Y | Class R6 | |
| Daily Price | 9.62 | 7.55 | 10.21 | 10.48 |
| Ticker Symbol | MERAX | MERBX | GTSGX | MMCRX |
| Inception Date | 4/19/13 | 4/19/13 | 7/21/83 | 2/29/12 |
| Expense Ratio | 1.40 | 2.15 | 0.95 | 0.77 |
Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information
Portfolio Management
Rich Eisinger
Rich EisingerHead of Equities
Rich has served as portfolio manager on the U.S. Equity Team since 1998. In addition to his portfolio management duties, Rich also serves as an equity analyst on the team. Prior to joining Madison, Rich worked as an investment manager for Spectrum Advisors. He holds a JD degree from the University of Louisville and an MBA from Cornell University.
Rich has served as portfolio manager on the U.S. Equity Team since 1998. In addition to his portfolio management duties, Rich also serves as an equity analyst on the team. Prior to joining Madison, Rich worked as an investment manager for Spectrum Advisors. He holds a JD degree from the University of Louisville and an MBA from Cornell University.
Haruki Toyama
Haruki ToyamaDirector of U.S. Equities
Haruki serves as a portfolio manager on Madison's U.S. Equity Team, and has over two decades of experience in investment management. Prior to re-joining Madison, he was co-founder and President of Marcus Asset Management in Milwaukee where he was portfolio manager of a long/short hedge fund. He was a member of Madison’s equity team from 2002-2004 following portfolio management and analyst roles at MFS Investment Management and David L. Babson & Company. Haruki holds a BA from Brown University and an MBA from Cornell University.
Haruki serves as a portfolio manager on Madison's U.S. Equity Team, and has over two decades of experience in investment management. Prior to re-joining Madison, he was co-founder and President of Marcus Asset Management in Milwaukee where he was portfolio manager of a long/short hedge fund. He was a member of Madison’s equity team from 2002-2004 following portfolio management and analyst roles at MFS Investment Management and David L. Babson & Company. Haruki holds a BA from Brown University and an MBA from Cornell University.
Andy Romanowich, CFA
Andy Romanowich, CFAPortfolio Manager
Andy serves as a portfolio manager and analyst on Madison’s U.S. Equity Team. Prior to joining Madison, Andy worked for MEMBERS Capital Advisors where he was an equity analyst. He holds a BS and MS degree in Finance from the University of Wisconsin and graduated from the Applied Security Analysis Program.
Andy serves as a portfolio manager and analyst on Madison’s U.S. Equity Team. Prior to joining Madison, Andy worked for MEMBERS Capital Advisors where he was an equity analyst. He holds a BS and MS degree in Finance from the University of Wisconsin and graduated from the Applied Security Analysis Program.
Portfolio Highlights
| Top Ten Fund Holdings | |
| (as of June 30, 2020) | |
| LIBERTY BROADBAND C | 6.4% |
| DOLLAR TREE INC | 5.3% |
| IHS MARKIT LTD | 5.0% |
| ARCH CAPITAL GROUP LTD | 4.7% |
| COPART INC | 4.6% |
| GARTNER INC | 4.2% |
| BROWN + BROWN INC | 4.1% |
| MARKEL CORP | 4.0% |
| CARMAX INC | 3.9% |
| FASTENAL CO | 3.7% |
| % of Fund in Top Ten Securities | 45.8% |
| Net Assets (as of 3/31/20) | $446.3 Million |
| Turnover (as of 10/31/19) | 25% |
Investing in small, mid-size or emerging growth companies involves greater risks not associated with investing in more established companies, such as business risk, significant stock price fluctuations and illiquidity. Please see prospectus for further details.
