MMDCX Performance — Madison Moderate Allocation Fund, Class C
Data updated: 2026-09-17
MMDCX returned −3.92% over one year to Jan 2025. Annualised returns are −9.99% over 3 years and −8.46% over 5 years. The fund trailed its US Multi-Cap Blend category average: $100 invested three years ago grew to $73, against $115 for the category, and to $96 over one year, against $113. Volatility over the past three years was 10.71% a year. In the 12 months to Jul 2026 the fund lost a net $9.6M, and assets reached $84.88M.
MMDCX Growth of $100
What $100 invested in Madison Moderate Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | MMDCX | Category average |
|---|---|---|
| 1 year (Feb 2024 – Jan 2025) | $96 | $113 |
| 3 years (Feb 2022 – Jan 2025) | $73 | $115 |
| 5 years (Feb 2020 – Jan 2025) | $64 | $140 |
| Since data start (Aug 2019 – Jan 2025) | $63 | $145 |
MMDCX Trailing Returns
Total returns to Jan 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −3.92% |
| 3 years (annualised) | −9.99% |
| 5 years (annualised) | −8.46% |
MMDCX Annual Returns
Calendar-year total returns of Madison Moderate Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jan) | +1.06% |
| 2024 | −5.70% |
| 2023 | −2.79% |
| 2022 | −24.59% |
| 2021 | −5.99% |
| 2020 | −3.29% |
| 2019 (Aug–Dec) | −1.21% |
MMDCX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +1.1% | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | −0.8% | +0.6% | +1.2% | −3.9% | +1.3% | −0.2% | +0.8% | +0.6% | +0.3% | −3.4% | +1.8% | −4.0% |
| 2023 | +3.1% | −3.7% | +1.4% | −0.4% | −2.8% | +1.5% | +1.1% | −2.4% | −4.0% | −3.2% | +4.6% | +2.5% |
| 2022 | −4.2% | −2.4% | −0.7% | −6.7% | −0.5% | −6.5% | +3.5% | −4.5% | −7.5% | +2.5% | +3.4% | −3.6% |
| 2021 | −1.4% | −0.7% | −0.4% | +1.3% | +0.4% | −1.1% | −0.5% | −0.6% | −3.9% | +1.6% | −2.2% | +1.5% |
| 2020 | −1.2% | −3.9% | −7.4% | +4.5% | +1.6% | +0.3% | +2.4% | +0.9% | −2.5% | −2.2% | +3.4% | +1.3% |
| 2019 | — | — | — | — | — | — | — | −0.7% | −0.3% | −0.3% | 0.0% | 0.0% |
MMDCX Risk
Risk measures from monthly returns over Feb 2022 – Jan 2025.
- 3-year volatility (annualised): 10.71%
- 3-year Sharpe ratio: -1.35 (vs 4.5% risk-free rate)
- Best month: +4.63% (Nov 2023)
- Worst month: −7.46% (Sep 2022)
MMDCX Fund Flows
Monthly money in and out of Madison Moderate Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: −$9.6M
- 12-month gross sales (incl. reinvestments): $7.4M
- Sales ÷ redemptions: 0.44×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $77K | $632K | −$555K |
| Jun 2026 | $82K | $2.3M | −$2.2M |
| May 2026 | $101K | $1.4M | −$1.3M |
| Apr 2026 | $130K | $1.4M | −$1.3M |
| Mar 2026 | $201K | $1.4M | −$1.2M |
| Feb 2026 | $198K | $2.0M | −$1.8M |
| Jan 2026 | $500K | $1.8M | −$1.3M |
| Dec 2025 | $5.2M | $1.5M | $3.7M |
| Nov 2025 | $146K | $677K | −$532K |
| Oct 2025 | $273K | $1.4M | −$1.1M |
| Sep 2025 | $163K | $1.9M | −$1.7M |
| Aug 2025 | $353K | $716K | −$363K |
MMDCX Assets Under Management
Net assets of Madison Moderate Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $84.88M |
| 2026-04-30 | $86.16M |
| 2026-01-31 | $88.25M |
| 2025-10-31 | $88.11M |
| 2025-07-31 | $87.44M |
| 2025-04-30 | $86.84M |
| 2025-01-31 | $93.04M |
| 2024-10-31 | $92.36M |
| 2024-07-31 | $95.55M |
| 2024-04-30 | $94.50M |
| 2024-01-31 | $96.69M |
| 2023-10-31 | $90.79M |
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.