MERAX — Madison Mid Cap Fund
Data updated: 2026-09-17
MERAX — Madison Mid Cap Fund. United States Mid Cap Blend / Core Equity · $1.72B AUM · 1.15% expense ratio. Holdings, fees, performance and SEC filings.
MERAX Fund Overview
MERAX — Madison Mid Cap Fund is a US mutual fund managed by Madison Funds, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Madison Funds
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $1.72B
- 1-year return: -45.9%
- Ticker: MERAX
- SEC CIK: 0001040612
- SEC series ID: S000020651
- Share class ID: C000057652
MERAX Holdings
Top 10 holdings of Madison Mid Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Arch Capital Group Ltd | 7.56% |
| Ross Stores Inc | 5.92% |
| Amphenol Corp | 4.99% |
| Brown & Brown Inc | 4.08% |
| Carlisle Cos Inc | 3.98% |
| Labcorp Holdings Inc | 3.78% |
| PACCAR Inc | 3.74% |
| Medpace Holdings Inc | 3.73% |
| MSA Safety Inc | 3.40% |
| Teledyne Technologies Inc | 3.24% |
MERAX Portfolio Allocation
Asset-class allocation of Madison Mid Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.1% |
| Cash & Equivalents | 4.3% |
MERAX Performance
Total returns for MERAX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -29.1% |
| 1 year | -45.9% |
| 3 years (annualised) | -46.4% |
| 5 years (annualised) | -47.3% |
MERAX Risk Information
Risk metrics for MERAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.0%
MERAX Costs and Fees
MERAX costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 1.15%
- Portfolio turnover: 17%
- Brokerage commissions: 1.81 bps of average net assets (SEC N-CEN)
MERAX Cashflows
Over the 12 months to 2026-04, Madison Mid Cap Fund had net outflows of $329.30M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$19.92M |
| 2026-03 | −$53.55M |
| 2026-02 | −$31.42M |
| 2026-01 | −$124.62M |
| 2025-12 | $11.48M |
| 2025-11 | −$55.36M |
MERAX Debt Constituents
No individual debt constituents are reported in Madison Mid Cap Fund's latest SEC N-PORT filing.
MERAX Prospectus and SEC Filings
Official Madison Mid Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-03-04
- Portfolio holdings (N-PORT) — filed 2026-09-17
- Portfolio holdings (N-PORT) — filed 2026-06-23
- Portfolio holdings (N-PORT) — filed 2026-03-23
- Annual census (N-CEN) — filed 2026-01-09
- Annual census (N-CEN) — filed 2025-01-08
Related Funds
Other United States Mid Cap Blend / Core 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.