2022 Madison Funds Tax Information

Madison Funds IRS 1099 tax information is available online and tax forms were mailed to shareholders on January 23, 2023.

Helpful Reminders

  • You will not receive a Form 1099-DIV if you have taxable ordinary dividends for any fund totaling $10 or less. You must still include these dividends on your income tax return. The dividends are shown in the “Income and Capital Gains Summary” section of your 2022 year-end investor statement mailed in early January.
  • IRS Form 5498 and 5498-ESA (which reports the Fair Market Value of contributions made to individual retirement accounts (IRAs) and Coverdell Education Savings Accounts (ESAs) through April 18, 2023, for the 2022 tax year will be mailed by May 31, 2023 and May 1, 2023, respectively. As of December 31, 2022, the Fair Market Value of these accounts was noted on your year-end investor statement.
  • Madison Funds has prepared tax inserts that may accompany your tax forms:
  • You can download your tax information from your Madison Funds account into TurboTax® and H&R Block® Tax Software once the information is released. You can quickly import your fund-related information from three tax forms: 1099-DIV, 1099-B, and 1099-R. Simply follow the instructions provided with your tax software product.
  • What you need to know about changes to cost basis reporting.

Please contact your financial advisor or Shareholder Services at 1-800-877-6089 if you have any questions regarding your Madison Funds account.

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. Below are the capital gains paid by the Madison Funds in 2022. Short-term capital gains distributions are taxed like ordinary income.

Funds Capital Gains Per Share ($)
Short-Term Long-Term
Madison Aggressive Allocation Fund None None
Madison Conservative Allocation Fund None None
Madison Core Bond Fund None None
Madison Covered Call & Equity Income Fund None None
Madison Diversified Income Fund None $0.8928899
Madison Dividend Income Fund None $2.00610071
Madison High Quality Bond Fund None None
Madison International Stock Fund None None
Madison Investors Fund None $1.45228514
Madison Mid Cap Fund None $0.24566922
Madison Moderate Allocation Fund None None
Madison Small Cap Fund None $0.48347767
Madison Sustainable Equity Fund None None
Madison Tax-Free National Fund None $0.06948204
Madison Tax-Free Virginia Fund None None

Actual distribution amounts are based on gains and losses realized by the 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.

2023 Distribution Calendar

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

View a 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; 8810),
Diversified Income Fund:
  • Class A (MBLAX; 111),
  • Class C (MBLCX; 511)
Tax-Free National Fund:
  • Class Y (GTFHX; 6397)
Tax-Free Virginia Fund:
  • Class Y (GTVAX; 6394)
 Monthly 01/27/2023 01/30/2023 01/31/2023 Income
02/24/2023 02/27/2023 02/28/2023 Income
03/29/2023 03/30/2023 03/31/2023 Income
04/26/2023 04/27/2023 04/28/2023 Income
05/26/2023 05/30/2023 05/31/2023 Income
06/28/2023 06/29/2023 06/30/2023 Income
07/27/2023 07/28/2023 07/31/2023 Income
08/29/2023 08/30/2023 08/31/2023 Income
09/27/2023 09/28/2023 09/29/2023 Income
10/27/2023 10/30/2023 10/31/2023 Income
11/28/2023 11/29/2023 11/30/2023 Income
12/19/2023 12/20/2023 12/21/2023 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 03/29/2023 03/30/2023 03/31/2023 Income
06/28/2023 06/29/2023 06/30/2023 Income
09/27/2023 09/28/2023 09/29/2023 Income
12/19/2023 12/20/2023 12/21/2023 Income & Cap Gains
Conservative Allocation Fund:
  • Class A (MCNAX; 165),
  • Class C (MCOCX; 565)
 Quarterly 03/29/2023 03/30/2023 03/31/2023 Income
06/28/2023 06/29/2023 06/30/2023 Income
09/27/2023 09/28/2023 09/29/2023 Income
12/26/2023 12/27/2023 12/28/2023 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 12/21/2023 12/22/2023 12/26/2023 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 12/26/2023 12/27/2023 12/28/2023 Income & Cap Gains