MCNBX Performance — Madison Conservative Allocation Fund, Class B
Data updated: 2026-09-17
MCNBX returned −47.23% over one year to Jan 2023. Over one year the fund trailed its US Multi-Cap Blend category average: $100 grew to $53, against $94 for the category. Volatility over the past 12 months was 11.08% a year. In the 12 months to Jul 2026 the fund lost a net $8.1M, and assets reached $32.80M.
MCNBX Growth of $100
What $100 invested in Madison Conservative Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | MCNBX | Category average |
|---|---|---|
| 1 year (Feb 2022 – Jan 2023) | $53 | $94 |
| 3 years (Feb 2020 – Jan 2023) | $19 | $114 |
| Since data start (Aug 2019 – Jan 2023) | $15 | $118 |
MCNBX Trailing Returns
Total returns to Jan 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −47.23% |
3- and 5-year figures withheld: disagrees with sibling classes.
MCNBX Annual Returns
Calendar-year total returns of Madison Conservative Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jan) | −0.89% |
| 2022 | −50.57% |
| 2021 | −40.86% |
| 2020 | −37.11% |
| 2019 (Aug–Dec) | −18.19% |
MCNBX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | −0.9% | — | — | — | — | — | — | — | — | — | — | — |
| 2022 | −7.2% | −5.7% | −5.6% | −9.1% | −4.1% | −8.1% | −1.0% | −7.6% | −9.6% | −3.3% | −0.6% | −6.2% |
| 2021 | −5.2% | −5.0% | −4.7% | −2.9% | −3.6% | −4.2% | −3.7% | −4.3% | −6.6% | −3.1% | −5.1% | −3.0% |
| 2020 | −3.7% | −5.5% | −8.5% | −0.4% | −2.6% | −3.5% | −1.8% | −3.9% | −5.3% | −5.4% | −1.6% | −3.0% |
| 2019 | — | — | — | — | — | — | — | −3.3% | −4.3% | −4.1% | −4.0% | −3.9% |
MCNBX Risk
Risk measures from monthly returns over Feb 2022 – Jan 2023.
- 1-year volatility (annualised): 11.08%
- Best month: −0.61% (Nov 2022)
- Worst month: −9.63% (Sep 2022)
MCNBX Fund Flows
Monthly money in and out of Madison Conservative Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: −$8.1M
- 12-month gross sales (incl. reinvestments): $1.9M
- Sales ÷ redemptions: 0.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $237K | $583K | −$347K |
| Jun 2026 | $21K | $946K | −$925K |
| May 2026 | $92K | $1.0M | −$917K |
| Apr 2026 | $145K | $507K | −$361K |
| Mar 2026 | $117K | $577K | −$460K |
| Feb 2026 | $108K | $1.1M | −$1.0M |
| Jan 2026 | $288K | $1.4M | −$1.1M |
| Dec 2025 | $464K | $877K | −$413K |
| Nov 2025 | $17K | $426K | −$409K |
| Oct 2025 | $287K | $785K | −$498K |
| Sep 2025 | $61K | $997K | −$936K |
| Aug 2025 | $66K | $814K | −$748K |
MCNBX Assets Under Management
Net assets of Madison Conservative Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $32.80M |
| 2026-04-30 | $34.64M |
| 2026-01-31 | $36.11M |
| 2025-10-31 | $37.46M |
| 2025-07-31 | $38.52M |
| 2025-04-30 | $39.78M |
| 2025-01-31 | $41.75M |
| 2024-10-31 | $43.11M |
| 2024-07-31 | $44.55M |
| 2024-04-30 | $43.76M |
| 2024-01-31 | $45.11M |
| 2023-10-31 | $43.08M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.