MINVX Performance — Madison Large Cap Fund, Class Y
Data updated: 2026-09-17
MINVX returned +7.64% year to date and +12.28% over one year to Jul 2026. Annualised returns are +10.67% over 3 years and +8.65% over 5 years. Against its US Large Growth category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $136, against $166 for the category, and to $112 over one year, against $111. Volatility over the past three years was 13.42% a year. In the 12 months to Jul 2026 the fund lost a net $90.6M, and assets reached $313.74M.
MINVX Growth of $100
What $100 invested in Madison Large Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Growth category average over the same months.
| Period | MINVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $112 | $111 |
| 3 years (Aug 2023 – Jul 2026) | $136 | $166 |
| 5 years (Aug 2021 – Jul 2026) | $151 | $158 |
| Since data start (Aug 2019 – Jul 2026) | $215 | $261 |
MINVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.64% |
| 1 year | +12.28% |
| 3 years (annualised) | +10.67% |
| 5 years (annualised) | +8.65% |
MINVX Annual Returns
Calendar-year total returns of Madison Large Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +7.64% |
| 2025 | +3.33% |
| 2024 | +16.44% |
| 2023 | +26.09% |
| 2022 | −13.17% |
| 2021 | +22.69% |
| 2020 | +14.42% |
| 2019 (Aug–Dec) | +7.75% |
MINVX 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 | +4.0% | +0.6% | −7.0% | +10.1% | −1.2% | −0.4% | +2.1% | — | — | — | — | — |
| 2025 | +5.5% | −1.6% | −4.6% | −2.4% | +2.9% | +2.7% | −3.1% | +2.0% | −1.1% | −0.5% | +3.5% | +0.4% |
| 2024 | +0.6% | +5.3% | +3.5% | −3.6% | +2.8% | −0.1% | +2.9% | +3.4% | +1.4% | −2.0% | +7.2% | −5.2% |
| 2023 | +7.2% | −2.0% | +1.3% | +2.1% | −1.6% | +8.0% | +4.3% | −1.1% | −4.3% | −2.1% | +8.4% | +4.2% |
| 2022 | −4.7% | −2.6% | +1.7% | −6.8% | +2.5% | −7.6% | +8.4% | −4.8% | −8.4% | +7.9% | +7.1% | −4.6% |
| 2021 | −3.5% | +2.1% | +6.2% | +5.8% | +0.5% | +0.5% | +2.8% | +2.6% | −5.1% | +4.9% | −1.0% | +5.7% |
| 2020 | −0.3% | −7.1% | −14.1% | +10.1% | +6.1% | +0.5% | +6.7% | +4.4% | −1.3% | −1.5% | +9.4% | +3.4% |
| 2019 | — | — | — | — | — | — | — | −1.1% | +2.6% | +1.2% | +3.3% | +1.5% |
MINVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 13.42%
- 3-year Sharpe ratio: 0.46 (vs 4.5% risk-free rate)
- Best month: +10.08% (Apr 2026)
- Worst month: −7.02% (Mar 2026)
MINVX Fund Flows
Monthly money in and out of Madison Large Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$90.6M
- 12-month gross sales (incl. reinvestments): $45.8M
- Sales ÷ redemptions: 0.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.1M | $6.1M | −$5.0M |
| Jun 2026 | $1.1M | $6.5M | −$5.4M |
| May 2026 | $902K | $5.2M | −$4.3M |
| Apr 2026 | $1.7M | $10.0M | −$8.4M |
| Mar 2026 | $1.4M | $9.9M | −$8.5M |
| Feb 2026 | $2.9M | $8.3M | −$5.4M |
| Jan 2026 | $3.3M | $13.6M | −$10.3M |
| Dec 2025 | $23.2M | $7.8M | $15.5M |
| Nov 2025 | $1.1M | $25.7M | −$24.6M |
| Oct 2025 | $5.1M | $19.0M | −$13.9M |
| Sep 2025 | $1.5M | $8.7M | −$7.1M |
| Aug 2025 | $2.4M | $15.6M | −$13.2M |
MINVX Assets Under Management
Net assets of Madison Large Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $313.74M |
| 2026-04-30 | $327.26M |
| 2026-01-31 | $340.84M |
| 2025-10-31 | $356.59M |
| 2025-07-31 | $389.29M |
| 2025-04-30 | $401.90M |
| 2025-01-31 | $443.83M |
| 2024-10-31 | $418.00M |
| 2024-07-31 | $419.67M |
| 2024-04-30 | $405.47M |
| 2024-01-31 | $387.72M |
| 2023-10-31 | $333.10M |
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.