- 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.
Key Highlights
(as of Wednesday February 20, 2019) | |||
Class A | Class B | Class Y | |
Daily Price | 11.36 | 10.34 | 11.40 |
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.
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 November 30, 2018) | |
TRIMAS CORP | 2.9% |
FIRST MIDWEST BANCORP INC/IL | 2.5% |
BELDEN INC | 2.4% |
NORTHWEST BANCSHARES INC | 2.3% |
ESCO TECHNOLOGIES INC | 2.3% |
MB FINANCIAL INC | 2.3% |
WNS HOLDINGS LTD ADR | 2.2% |
MUELLER INDUSTRIES INC | 2.0% |
FORRESTER RESEARCH INC | 2.0% |
SENSIENT TECHNOLOGIES CORP | 1.9% |
% of Fund in Top Ten Securities | 22.9% |
Net Assets (as of 12/31/18) | $36.1 Million |
Turnover (as of 10/31/18) | 16% |