2024 Madison Funds Tax Information

 

Capital Gain Distributions

Throughout the year, mutual funds realize gains and losses from selling securities held in their portfolios. Mutual funds are required to distribute the net realized gains from these sales to shareholders each year. If there are distributions to be paid, they will be declared to shareholders of record and distributed with the year-end ordinary dividends on the dates noted below. Short-term capital gains distributions are taxed like ordinary income.

As of September 30, 2024, estimated year-end capital gains distributions are as follows:

Funds Capital Gains Per Share ($)
Short-Term Long-Term
Madison Aggressive Allocation Fund None $0.19 – $0.21
Madison Conservative Allocation Fund None None
Madison Core Bond Fund None None
Madison Covered Call & Equity Income Fund $0.18 – $0.22 None
Madison Diversified Income Fund $0.00 – $0.01 $0.11 – $0.13
Madison Dividend Income Fund None $2.50 – $2.52
Madison High Quality Bond Fund None None
Madison International Stock Fund None None
Madison Investors Fund $0.02 – $0.04 $1.37 – $1.39
Madison Mid Cap Fund $0.00 – $0.01 $0.78 – $0.80
Madison Moderate Allocation Fund None $0.08 – $0.10
Madison Small Cap Fund None $1.02 – $1.04
Madison Sustainable Equity Fund None None
Madison Tax-Free National Fund None None
Madison Tax-Free Virginia Fund None None

Distribution rate projections for the Madison Funds will be updated in early December.

Actual amounts are based on gains and losses realized by the Madison Funds through October 31.

Distribution of Ordinary Income Dividends

When mutual funds earn interest or dividends from securities held in their portfolios, it subtracts fund expenses and passes this “ordinary income” on to shareholders. Shareholders are notified on Form 1099-DIV (mailed in late January) of the actual amounts of any capital gains or ordinary income dividend distributions.

2024 Distribution Calendar

The distribution schedule for year-end ordinary income dividends and capital gains for the Madison Funds is noted below.

Click here to view our printer-friendly version.

Funds (Nasdaq Symbol, Fund #) Distribution Frequency Declaration Date Record Date Ex/Reinvest/
Payable Date		 Type
Core Bond Fund:
  • Class A (MBOAX; 110),
  • Class Y (MBOYX; 6610),
  • Class I (MBOIX; 8810),
  • Class R6 (MBORX; 741),
Tax-Free National Fund:
  • Class Y (GTFHX; 6397)
Tax-Free Virginia Fund:
  • Class Y (GTVAX; 6394)
 Monthly 01/29/2024 01/30/2024 01/31/2024 Income
02/27/2024 02/28/2024 02/29/2024 Income
03/26/2024 03/27/2024 03/28/2024 Income
04/26/2024 04/29/2024 04/30/2024 Income
05/29/2024 05/30/2024 05/31/2024 Income
06/26/2024 06/27/2024 06/28/2024 Income
07/29/2024 07/30/2024 07/31/2024 Income
08/28/2024 08/29/2024 08/30/2024 Income
09/26/2024 09/27/2024 09/30/2024 Income
10/29/2024 10/30/2024 10/31/2024 Income
11/25/2024 11/26/2024 11/27/2024 Income
12/23/2024 12/24/2024 12/26/2024 Income & Cap Gains
Diversified Income Fund:
  • Class A (MBLAX; 111),
  • Class C (MBLCX; 511),
 Monthly 01/29/2024 01/30/2024 01/31/2024 Income
02/27/2024 02/28/2024 02/29/2024 Income
03/26/2024 03/27/2024 03/28/2024 Income
04/26/2024 04/29/2024 04/30/2024 Income
05/29/2024 05/30/2024 05/31/2024 Income
06/26/2024 06/27/2024 06/28/2024 Income
07/29/2024 07/30/2024 07/31/2024 Income
08/28/2024 08/29/2024 08/30/2024 Income
09/26/2024 09/27/2024 09/30/2024 Income
10/29/2024 10/30/2024 10/31/2024 Income
11/25/2024 11/26/2024 11/27/2024 Income
12/26/2024 12/27/2024 12/30/2024 Income & Cap Gains
Covered Call & Equity Income Fund:
  • Class A (MENAX; 1155),
  • Class C (MENCX; 555),
  • Class Y (MENYX; 6655),
  • Class I (MENIX; 8855),
  • Class R6 (MENRX; 755)
Dividend Income Fund:
  • Class A (MADAX; 1779),
  • Class Y (BHBFX; 6401),
  • Class I (MDMIX; 8801)
  • Class R6 (MADRX; 781)
High Quality Bond Fund:
  • Class Y (MIIBX; 6391)
  • Class I (MIIRX; 8891)
 Quarterly 03/26/2024 03/27/2024 03/28/2024 Income
06/26/2024 06/27/2024 06/28/2024 Income
09/26/2024 09/27/2024 09/30/2024 Income
12/23/2024 12/24/2024 12/26/2024 Income & Cap Gains
Conservative Allocation Fund:
  • Class A (MCNAX; 165),
  • Class C (MCOCX; 565)
 Quarterly 03/26/2024 03/37/2024 03/28/2024 Income
06/26/2024 06/27/2023 06/28/2024 Income
09/26/2024 09/27/2024 09/30/2024 Income
12/26/2024 12/27/2024 12/30/2024 Income & Cap Gains
International Stock Fund:
  • Class A (MINAX; 122),
  • Class Y (MINYX; 6622)
Investors Fund:
  • Class A (MNVAX; 199),
  • Class Y (MINVX; 6399),
  • Class I (MIVIX; 8899)
  • Class R6 (MNVRX; 796),
Mid Cap Fund:
  • Class A (MERAX; 123),
  • Class Y (GTSGX; 6623),
  • Class I (MDCIX; 8823)
  • Class R6 (MMCRX; 723),
Small Cap Fund:
  • Class A (MASMX; 124),
  • Class Y (BVAOX; 6624),
  • Class I (MSCIX; 8824)
  • Class R6 (MSCRX; 744)
Sustainable Equity Fund:
  • Class Y (MFSYX; 6625),
  • Class I (MFSIX; 8825)
 Annual 12/24/2024 12/26/2024 12/27/2024 Income & Cap Gains
Aggressive Allocation Fund:
  • Class A (MAGSX; 167),
  • Class C (MAACX; 567)
Moderate Allocation Fund:
  • Class A (MMDAX; 166),
  • Class C (MMDCX; 566)
 Annual 12/26/2024 12/26/2024 12/27/2024 Income & Cap Gains

2024 Distribution Calendar – ETFs

The distribution schedule for year-end ordinary income dividends and capital gains for the Madison ETFs is noted below.

Click here to view our printer-friendly version.

Funds Distribution Frequency Declaration Date Ex-Date Record Date Payable Date Payable Date
  • Madison Mosaic Income Opportunities ETF (MIOP) (not active)
  • Madison Short-Term Strategic Income ETF (MSTI)
  • Madison Dividend Value ETF (DIVL)
  • Madison Aggregate Bond ETF (MAGG)
Monthly 01/25/2024 01/26/2024 01/29/2024 01/31/2024 Income
02/23/2024 02/26/2024 02/27/2024 02/29/2024 Income
03/25/2024 03/26/2024 03/27/2024 03/29/2024 Income
04/24/2024 04/25/2024 04/26/2024 4/30/2024 Income
05/24/2024 05/29/2024 05/29/2024 05/31/2024 Income
06/25/2024 06/26/2024 06/26/2024 06/28/2024 Income
07/25/2024 07/26/2024 07/26/2024 07/30/2024 Income
08/26/2024 08/27/2024 08/27/2024 08/29/2024 Income
09/25/2024 09/26/2024 09/26/2024 09/30/2024 Income
10/25/2024 10/28/2024 10/28/2024 10/30/2024 Income
11/25/2024 11/26/2024 11/26/2024 11/29/2024 Income
12/24/2024 12/26/2024 12/26/2024 12/27/2024 Income & Cap Gains
  • Madison Covered Call ETF (CVRD)
 Quarterly 03/25/2024 03/26/2024 03/27/2024 03/29/2024 Income
06/25/2024 06/26/2024 06/26/2024 06/28/2024 Income
09/25/2024 09/26/2024 09/26/2024 09/30/2024 Income
12/24/2024 12/26/2024 12/26/2024 12/27/2024 Income & Cap Gains