Large Cap Value Fund
Data updated: 2026-08-21
C000074786 — Large Cap Value Fund. United States Large Cap Value Equity · $156.73M AUM · 0.87% expense ratio. Holdings, fees, performance and SEC filings.
C000074786 Fund Overview
Large Cap Value Fund is a US mutual fund managed by Ultra Series Fund, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ultra Series Fund
- Category: United States Large Cap Value Equity
- Assets under management: $156.73M
- 1-year return: 11.6%
- SEC CIK: 0000732697
- SEC series ID: S000019981
- Share class ID: C000074786
C000074786 Investment Objective and Strategy
Large Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ultra Series Fund.
Investment objective
The Large Cap Value Fund seeks long-term capital growth, with income as a secondary consideration.
Principal investment strategy
The Fund will, under normal market conditions, maintain at least 80% of its net assets (including borrowings for investment purposes) in large cap stocks (generally, stocks with a market capitalization of the companies represented in the Russell 1000 Value Index -- as of the most recent reconstitution date, the low end of the range of market capitalizations included in this index was $1.30 billion). The Fund follows what is known as a value approach, which generally means that the Funds investment adviser, Madison Asset Management, LLC (Madison), seeks to invest in stocks at prices below their perceived intrinsic value as estimated based on fundamental analysis of the issuing company and its prospects. By investing in value stocks, the Fund attempts to limit the downside risk over time but may also produce smaller gains than other stock Funds if their intrinsic values are not realized by the market or if growth-oriented investments are favored by investors.
The Fund will diversify its holdings among various industries and among companies within those industries. The Fund may invest up to 25% of its assets in foreign securities, including American Depositary Receipts (ADRs) and emerging market securities, and may invest in exchange traded funds (ETFs) that are registered investment companies. The Fund generally holds 25-60 individual securities in its portfolio at any given time. This reflects Madisons belief that your money should be invested in Madisons top investment ideas, and that focusing on Madisons best investment ideas is the best way to achieve the Funds investment objectives. The Fund typically sells a stock when the fundamental expectations for buying it no longer apply, the price exceeds its intrinsic value or other stocks appear more attractively priced relative to their intrinsic values.
The Funds investment strategy reflects Madisons general Participate and Protect investment philosophy. Madisons expectation is that investors in the Fund will participate in market appreciation during bull markets and experience something less than full participation during bear markets compared with investors in portfolios holding more speculative and volatile securities; therefore, this investment philosophy is intended to represent a conservative investment strategy. There is no assurance that Madisons expectations regarding this investment strategy will be realized. Although the Fund expects to pursue its investment objective utilizing its principal investment strategies regardless of market conditions, the Fund may invest up to 100% in cash, money market funds, and/or money market instruments.
To the extent the Fund engages in this temporary defensive position, the Funds ability to achieve its investment objective may be diminished.
C000074786 Holdings
Top 10 holdings of Large Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Johnson & Johnson | 5.48% |
| Exxon Mobil Corp | 4.41% |
| Chevron Corp | 4.15% |
| Texas Instruments Inc | 4.03% |
| NextEra Energy Inc | 4.01% |
| Procter & Gamble Co/The | 3.72% |
| AbbVie Inc | 3.61% |
| Union Pacific Corp | 3.41% |
| CME Group Inc | 3.05% |
| Automatic Data Processing Inc | 2.94% |
C000074786 Portfolio Allocation
Asset-class allocation of Large Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 1.8% |
C000074786 Performance
Total returns for C000074786 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.7% |
| 1 year | 11.6% |
| 3 years (annualised) | 9.3% |
| 5 years (annualised) | 5.8% |
C000074786 Risk Information
Risk metrics for C000074786, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.4%
C000074786 Costs and Fees
C000074786 costs about $87 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.87%
- Gross expense ratio: 0.87%
- Portfolio turnover: 24%
- Brokerage commissions: 1.76 bps of average net assets (SEC N-CEN)
C000074786 Cashflows
Over the 12 months to 2026-06, Large Cap Value Fund had net outflows of $13.97M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.65M |
| 2026-05 | −$2.76M |
| 2026-04 | −$6.52M |
| 2026-03 | −$1.40M |
| 2026-02 | −$1.94M |
| 2026-01 | −$1.80M |
C000074786 Debt Constituents
No individual debt constituents are reported in Large Cap Value Fund's latest SEC N-PORT filing.
C000074786 Prospectus and SEC Filings
Official Large Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-10
- Annual census (N-CEN) — filed 2026-03-10
- Annual census (N-CEN) — filed 2025-03-11
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.