- Sustainable Equity Fund
Fund Objective
The Sustainable Equity Fund seeks long-term capital appreciation.
Investment Strategies
The fund seeks to achieve its investment objective by investing in the common stocks of high-quality, durable growth large capitalization companies that the Fund’s portfolio managers believe incorporate sustainability into their overall strategy. Under normal market conditions, at least 80% of the Fund’s net assets will be invested in stocks that meet Madison’s sustainability criteria. The portfolio managers define “high-quality” companies as those businesses that have demonstrated durable growth, operate in large growth markets, and have strong competitive advantages with high barriers to entry. The fund may also invest up to 30% of its assets in foreign securities (including American Depositary Receipts and emerging market securities). To the extent invested in common stocks, the fund generally invests in only 35-50 companies at any given time. This reflects Madison’s belief that your money should be invested in the adviser’s top investment ideas, and that focusing on Madison’s highest conviction investment ideas is the best way to pursue the Fund’s investment objectives.
Quarterly Materials
Key Highlights
(as of Thursday May 26, 2022) | ||
Class Y | Class I | |
Daily Price | 8.47 | 8.47 |
Ticker Symbol | MFSYX | MFSIX |
Inception Date | 12/31/2021 | 12/31/2021 |
Expense Ratio | 0.91 | 0.81 |
Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information
Portfolio Management

Maya Bittar, CFA®
Maya serves as a portfolio manager for Madison’s Disciplined Equity strategies. She also specializes in customized portfolio management for Madison’s direct relationships and serves on our Customized Solutions team working with Insurance Asset Management. Maya began her career at First Wisconsin Bank (U.S. Bank) in 1986. After her early years in credit analysis, Maya moved to the investment business. From 1993 to 1998, Maya co-managed the Firstar Growth & Income Fund. Subsequent to her time at Firstar, Maya worked at Wellington Management Company for sixteen years as a portfolio manager on several strategies including Core Equity, Strategic Growth and Focused Equity. In addition to portfolio management, her role included fundamental research and client service. Prior to joining Madison in 2018, Maya served as a multi-sector analyst on the global equity team at Artisan Partners, LLC., focusing on high quality, sustainable growth companies in the United States, Europe and Japan. Maya holds a BBA (Accounting), an MBA (International Business) and an MS (Finance) from the University of Wisconsin-Madison including participating in the Applied Security Analysis Program.

David Geisler
Dave serves as a portfolio manager for Madison’s Disciplined Equity strategies. He also specializes in customized portfolio management for Madison’s direct relationships and serves on our Customized Solutions team working with Insurance Asset Management. Dave has been working in the financial services industry since 2004 and prior to joining Madison, he worked at Lateef Investment Management, Artisan Partners and Cowen and Company, where he specialized in high quality, sustainable growth equities. Dave graduated from University of California, San Diego with a BA in Economics, Highest Distinction, and an MBA from University of California, Berkeley with certificates in Management of Technology, and Entrepreneurship.
Portfolio Highlights
Top Ten Fund Holdings | |
(as of April 30, 2022) | |
MICROSOFT CORP | 4.9% |
ALPHABET INC CL C | 4.8% |
APPLE INC | 4.2% |
COSTCO WHOLESALE CORP | 4.1% |
VISA INC CLASS A SHARES | 3.9% |
ELI LILLY + CO | 3.6% |
DANAHER CORP | 3.6% |
TARGET CORP | 3.5% |
UNITEDHEALTH GROUP INC | 3.3% |
PROGRESSIVE CORP | 3.0% |
% of Fund in Top Ten Securities | 39.0% |
Total Net Assets (as of 3/31/22) | $7.6 Million |
Turnover | n/a |
Complete Holdings List