• Small Cap Fund

Fund Objective

The Small Cap Fund seeks long-term capital appreciation.

Investment Strategies

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.

Quarterly Materials

Fact Sheet
Investment Strategy Letter

Key Highlights

(as of Tuesday June 27, 2017)
  Class A Class B Class Y
Daily Price 16.06 15.07 16.11
Ticker Symbol MASVX MBSVX MYSVX
Inception Date 12/27/2006 12/27/2006 1/9/07
Expense Ratio 1.55 2.30 1.30


Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information

Portfolio Management

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.

The members of the investment team are:
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.

Portfolio Highlights

Top Ten Fund Holdings
(as of May 31, 2017)
BELDEN INC2.7%
ALBANY INTL CORP CL A2.5%
HANCOCK HOLDING CO2.4%
MUELLER INDUSTRIES INC2.3%
FIRST MIDWEST BANCORP INC/IL2.3%
SENSIENT TECHNOLOGIES CORP2.3%
INTERNATIONAL BANCSHARES CRP2.2%
GREIF INC CL A2.2%
ESCO TECHNOLOGIES INC2.2%
TRIMAS CORP2.0%
% of Fund in Top Ten Securities23.0%
 
Net Assets (as of 12/31/16) $108.4 Million
Turnover (as of 10/31/16) 19%

 

Complete Holdings List

Investment in the fund involves direct expenses and a proportional share of the expenses of the underlying funds — indirect expenses. The cost of this type of investment may be higher than generally experienced when investing in mutual funds that contain stocks and bonds. Please see prospectus for further details.
Wellington Management Company LLP, is a SEC-registered investment adviser and an independent and unaffiliated sub-adviser to Madison Funds.