mcnax — Madison Conservative Allocation Fund
Data updated: 2026-06-23
mcnax — Madison Conservative Allocation Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Multi-Cap / All-Cap Blend / Core Equity · $34.64M AUM · 0.98% expense ratio · -45.4% 1-yr return. From SEC regulatory filings.
mcnax Fund Overview
mcnax — Madison Conservative Allocation Fund is a US mutual fund managed by Madison Funds, categorised as United States Multi-Cap / All-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 Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $34.64M
- 1-year return: -45.4%
- Ticker: mcnax
- SEC CIK: 0001040612
- SEC series ID: S000020660
- Share class ID: C000057671
mcnax Holdings
Top 10 holdings of Madison Conservative Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Madison Core Bond Fund | 49.46% |
| Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Quality Etf | 7.82% |
| Vanguard FTSE All-World ex-US ETF | 4.04% |
| VanEck J. P. Morgan EM Local Currency Bond ETF | 4.00% |
| Distillate US Fundamental Stability & Value ETF | 3.74% |
| Janus Henderson Mortgage-Backed Securities ETF | 3.55% |
| Madison Large Cap Fund | 3.43% |
| iShares MSCI Emerging Markets Asia ETF | 3.43% |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | 3.12% |
| iShares Core S&P U.S. Growth ETF | 3.03% |
mcnax Portfolio Allocation
Asset-class allocation of Madison Conservative Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.9% |
| Cash & Equivalents | 4.6% |
mcnax Performance
Total returns for mcnax (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -18.9% |
| 1 year | -45.4% |
| 3 years (annualised) | -47.6% |
| 5 years (annualised) | -49.7% |
mcnax Risk Information
Risk metrics for mcnax, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.8%
mcnax Costs and Fees
mcnax costs about $98 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.98%
- Gross expense ratio: 0.98%
- Portfolio turnover: 30%
- Brokerage commissions: 4.66 bps of average net assets (SEC N-CEN)
mcnax Cashflows
Over the 12 months to 2026-04, Madison Conservative Allocation Fund had net outflows of $8.12M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$361.21K |
| 2026-03 | −$459.77K |
| 2026-02 | −$1.01M |
| 2026-01 | −$1.06M |
| 2025-12 | −$413.08K |
| 2025-11 | −$409.39K |
mcnax Debt Constituents
No individual debt constituents are reported in Madison Conservative Allocation Fund's latest SEC N-PORT filing.
mcnax Prospectus and SEC Filings
Official Madison Conservative Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Multi-Cap / All-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.