MDCIX Performance — Madison Mid Cap Fund, Class I
Data updated: 2026-09-17
MDCIX returned +7.64% year to date and +10.57% over one year to Jul 2026. Annualised returns are +9.59% over 3 years and +7.89% over 5 years. The fund trailed its US Mid-Cap Blend category average: $100 invested three years ago grew to $132, against $144 for the category, and to $111 over one year, against $119. Volatility over the past three years was 14.22% a year. In the 12 months to Jul 2026 the fund lost a net $575.7M, and assets reached $1.72B.
MDCIX Growth of $100
What $100 invested in Madison Mid Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | MDCIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $111 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $132 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $146 | $145 |
| Since data start (Sep 2020 – Jul 2026) | $189 | $195 |
MDCIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.64% |
| 1 year | +10.57% |
| 3 years (annualised) | +9.59% |
| 5 years (annualised) | +7.89% |
MDCIX Annual Returns
Calendar-year total returns of Madison Mid Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +7.64% |
| 2025 | +1.65% |
| 2024 | +10.46% |
| 2023 | +26.58% |
| 2022 | −13.47% |
| 2021 | +26.41% |
| 2020 (Sep–Dec) | +13.00% |
MDCIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.9% | −0.5% | −7.3% | +2.7% | +0.1% | +5.6% | +3.6% | — | — | — | — | — |
| 2025 | +4.3% | −3.2% | −5.1% | −0.4% | +4.1% | +1.6% | −1.9% | +3.4% | +0.5% | −1.9% | +0.4% | +0.4% |
| 2024 | +0.8% | +5.8% | +3.0% | −7.7% | +4.0% | −0.4% | +4.0% | +1.8% | +1.2% | −3.2% | +8.4% | −6.5% |
| 2023 | +7.2% | −0.7% | −1.1% | 0.0% | −1.8% | +9.1% | +3.1% | −0.8% | −3.9% | −1.2% | +9.4% | +5.7% |
| 2022 | −8.2% | −2.6% | +2.5% | −5.8% | +1.2% | −6.6% | +8.9% | −3.6% | −8.0% | +7.7% | +7.5% | −5.3% |
| 2021 | −3.4% | +3.0% | +6.0% | +5.1% | +0.7% | +0.7% | +1.7% | +2.4% | −4.8% | +7.2% | −0.8% | +6.5% |
| 2020 | — | — | — | — | — | — | — | — | −2.1% | −0.6% | +12.1% | +3.7% |
MDCIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 14.22%
- 3-year Sharpe ratio: 0.36 (vs 4.5% risk-free rate)
- Best month: +9.45% (Nov 2023)
- Worst month: −7.66% (Apr 2024)
MDCIX Fund Flows
Monthly money in and out of Madison Mid Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$575.7M
- 12-month gross sales (incl. reinvestments): $508.1M
- Sales ÷ redemptions: 0.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $19.5M | $93.1M | −$73.6M |
| Jun 2026 | $57.1M | $65.6M | −$8.5M |
| May 2026 | $28.4M | $164.1M | −$135.7M |
| Apr 2026 | $39.1M | $59.0M | −$19.9M |
| Mar 2026 | $32.2M | $85.7M | −$53.6M |
| Feb 2026 | $38.4M | $69.8M | −$31.4M |
| Jan 2026 | $51.4M | $176.0M | −$124.6M |
| Dec 2025 | $93.6M | $82.1M | $11.5M |
| Nov 2025 | $32.7M | $88.0M | −$55.4M |
| Oct 2025 | $31.2M | $75.9M | −$44.7M |
| Sep 2025 | $39.7M | $59.2M | −$19.5M |
| Aug 2025 | $44.8M | $65.2M | −$20.4M |
MDCIX Assets Under Management
Net assets of Madison Mid Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.72B |
| 2026-04-30 | $1.79B |
| 2026-01-31 | $2.00B |
| 2025-10-31 | $2.14B |
| 2025-07-31 | $2.18B |
| 2025-04-30 | $2.08B |
| 2025-01-31 | $2.12B |
| 2024-10-31 | $1.88B |
| 2024-07-31 | $1.68B |
| 2024-04-30 | $1.35B |
| 2024-01-31 | $1.17B |
| 2023-10-31 | $816.62M |
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.