MDMIX Performance — Madison Dividend Income Fund, Class I
Data updated: 2026-09-17
MDMIX returned +12.05% year to date and +15.87% over one year to Jul 2026. Annualised returns are +9.00% over 3 years and +6.14% over 5 years. The fund trailed its US Large Value category average: $100 invested three years ago grew to $129, against $156 for the category, and to $116 over one year, against $122. Volatility over the past three years was 11.95% a year. In the 12 months to Jul 2026 the fund lost a net $30.5M, and assets reached $90.74M.
MDMIX Growth of $100
What $100 invested in Madison Dividend Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | MDMIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $116 | $122 |
| 3 years (Aug 2023 – Jul 2026) | $129 | $156 |
| 5 years (Aug 2021 – Jul 2026) | $135 | $168 |
| Since data start (Sep 2020 – Jul 2026) | $169 | $220 |
MDMIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.05% |
| 1 year | +15.87% |
| 3 years (annualised) | +9.00% |
| 5 years (annualised) | +6.14% |
MDMIX Annual Returns
Calendar-year total returns of Madison Dividend Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +12.05% |
| 2025 | +8.29% |
| 2024 | +7.72% |
| 2023 | +1.85% |
| 2022 | −5.33% |
| 2021 | +22.89% |
| 2020 (Sep–Dec) | +9.27% |
MDMIX 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 | +6.2% | +4.2% | −4.3% | +2.9% | −1.0% | −0.1% | +4.1% | — | — | — | — | — |
| 2025 | +3.5% | +2.0% | −2.2% | −4.5% | +3.5% | +2.3% | +0.3% | +3.8% | −0.2% | −2.3% | +2.6% | −0.4% |
| 2024 | −1.9% | +1.8% | +3.9% | −4.9% | +2.1% | −1.2% | +5.4% | +3.3% | +1.1% | +0.7% | +4.6% | −6.7% |
| 2023 | +2.6% | −4.6% | −0.2% | +0.5% | −5.8% | +6.3% | +4.5% | −2.4% | −4.8% | −3.5% | +5.5% | +4.7% |
| 2022 | −2.4% | −1.7% | +4.4% | −5.3% | +2.4% | −7.2% | +3.0% | −2.5% | −8.1% | +10.4% | +6.5% | −3.2% |
| 2021 | −2.7% | +2.5% | +7.9% | +2.2% | +4.0% | −1.6% | +2.0% | +2.0% | −4.5% | +4.8% | −2.1% | +7.0% |
| 2020 | — | — | — | — | — | — | — | — | −1.6% | −1.9% | +10.2% | +2.8% |
MDMIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 11.95%
- 3-year Sharpe ratio: 0.38 (vs 4.5% risk-free rate)
- Best month: +6.17% (Jan 2026)
- Worst month: −6.68% (Dec 2024)
MDMIX Fund Flows
Monthly money in and out of Madison Dividend Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$30.5M
- 12-month gross sales (incl. reinvestments): $16.7M
- Sales ÷ redemptions: 0.35×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $580K | $1.2M | −$590K |
| Jun 2026 | $119K | $1.7M | −$1.6M |
| May 2026 | $134K | $1.8M | −$1.7M |
| Apr 2026 | $850K | $2.9M | −$2.1M |
| Mar 2026 | $311K | $2.1M | −$1.8M |
| Feb 2026 | $314K | $17.9M | −$17.5M |
| Jan 2026 | $433K | $3.1M | −$2.7M |
| Dec 2025 | $11.5M | $5.3M | $6.2M |
| Nov 2025 | $335K | $2.5M | −$2.2M |
| Oct 2025 | $893K | $3.0M | −$2.1M |
| Sep 2025 | $561K | $3.5M | −$2.9M |
| Aug 2025 | $609K | $2.2M | −$1.6M |
MDMIX Assets Under Management
Net assets of Madison Dividend Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $90.74M |
| 2026-04-30 | $92.36M |
| 2026-01-31 | $111.31M |
| 2025-10-31 | $111.87M |
| 2025-07-31 | $117.46M |
| 2025-04-30 | $117.83M |
| 2025-01-31 | $131.78M |
| 2024-10-31 | $149.28M |
| 2024-07-31 | $155.40M |
| 2024-04-30 | $160.29M |
| 2024-01-31 | $178.78M |
| 2023-10-31 | $197.55M |
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.