MINBX Performance — Madison International Stock Fund, Class B
Data updated: 2025-03-25
MINBX returned −45.59% over one year to Jan 2023. The annualised 3-year return is −42.37%. The fund trailed its International Large Blend category average: $100 invested three years ago grew to $19, against $113 for the category, and to $54 over one year, against $94. Volatility over the past three years was 21.66% a year. In the 12 months to Jan 2025 the fund lost a net $3.8M, and assets reached $9.56M.
MINBX Growth of $100
What $100 invested in Madison International Stock Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Large Blend category average over the same months.
| Period | MINBX | Category average |
|---|---|---|
| 1 year (Feb 2022 – Jan 2023) | $54 | $94 |
| 3 years (Feb 2020 – Jan 2023) | $19 | $113 |
| Since data start (Aug 2019 – Jan 2023) | $15 | $119 |
MINBX Trailing Returns
Total returns to Jan 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −45.59% |
| 3 years (annualised) | −42.37% |
MINBX Annual Returns
Calendar-year total returns of Madison International Stock Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jan) | +6.12% |
| 2022 | −52.86% |
| 2021 | −42.87% |
| 2020 | −37.23% |
| 2019 (Aug–Dec) | −15.13% |
MINBX 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 | +6.1% | — | — | — | — | — | — | — | — | — | — | — |
| 2022 | −8.1% | −7.7% | −4.4% | −12.9% | −4.1% | −13.1% | +1.0% | −7.8% | −14.1% | −0.2% | +9.0% | −8.0% |
| 2021 | −6.7% | −4.4% | −4.6% | −3.3% | −1.4% | −5.3% | −5.9% | −2.7% | −8.3% | −2.5% | −9.5% | +0.3% |
| 2020 | −6.3% | −11.6% | −19.6% | +1.2% | +0.7% | −1.9% | −0.9% | +1.2% | −6.8% | −8.8% | +10.4% | +0.2% |
| 2019 | — | — | — | — | — | — | — | −6.7% | −2.1% | −2.3% | −4.0% | −1.0% |
MINBX Risk
Risk measures from monthly returns over Feb 2020 – Jan 2023.
- 3-year volatility (annualised): 21.66%
- 3-year Sharpe ratio: -2.16 (vs 4.5% risk-free rate)
- Best month: +10.41% (Nov 2020)
- Worst month: −19.59% (Mar 2020)
MINBX Fund Flows
Monthly money in and out of Madison International Stock Fund, from SEC Form N-PORT.
- 12-month net flow: −$3.8M
- 12-month gross sales (incl. reinvestments): $306K
- Sales ÷ redemptions: 0.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2025 | $874 | $1.9M | −$1.9M |
| Dec 2024 | $46K | $771K | −$725K |
| Nov 2024 | $15K | $50K | −$36K |
| Oct 2024 | $13K | $85K | −$71K |
| Sep 2024 | $13K | $140K | −$127K |
| Aug 2024 | $71K | $157K | −$86K |
| Jul 2024 | $13K | $175K | −$161K |
| Jun 2024 | $15K | $104K | −$89K |
| May 2024 | $24K | $175K | −$151K |
| Apr 2024 | $38K | $106K | −$68K |
| Mar 2024 | $14K | $128K | −$114K |
| Feb 2024 | $44K | $355K | −$312K |
MINBX Assets Under Management
Net assets of Madison International Stock Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-01-31 | $9.56M |
| 2024-10-31 | $12.12M |
| 2024-07-31 | $12.67M |
| 2024-04-30 | $12.58M |
| 2024-01-31 | $12.80M |
| 2023-10-31 | $11.78M |
| 2023-07-31 | $14.16M |
| 2023-04-30 | $13.71M |
| 2023-01-31 | $13.85M |
| 2022-10-31 | $11.70M |
| 2022-07-31 | $13.12M |
| 2022-04-30 | $14.02M |
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.