Madison Small Cap Fund (BVAOX)
The fund invests primarily in a diversified mix of common stocks of small cap U.S. companies that are believed to be undervalued by various measures and offer sound prospects for capital appreciation. Under normal market conditions, it will maintain at least 80% of its net assets (including borrowings for investment purposes) in small cap securities.
Fund Info
| ISIN | US5574926839 |
|---|---|
| CUSIP | 557492683 |
| Issuer | Madison Funds |
| Inception Date | Dec 16, 1996 |
| Category | Small Cap Blend Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
The Madison Small Cap Fund has a high expense ratio of 1.10%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: BVAOX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Madison Small Cap Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Madison Small Cap Fund had a return of 4.33% year-to-date (YTD) and 15.93% in the last 12 months. Over the past 10 years, Madison Small Cap Fund had an annualized return of 6.94%, while the S&P 500 had an annualized return of 10.42%, indicating that Madison Small Cap Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.33% | 5.05% |
| 1 month | -4.76% | -4.27% |
| 6 months | 22.76% | 18.82% |
| 1 year | 15.93% | 21.22% |
| 5 years (annualized) | 7.22% | 11.38% |
| 10 years (annualized) | 6.94% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.79% | 8.43% | 3.57% | |||||||||
| 2023 | -5.08% | -4.91% | 5.97% | 10.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Madison Small Cap Fund(BVAOX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Madison Small Cap Fund (BVAOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Madison Small Cap Fund granted a 0.28% dividend yield in the last twelve months. The annual payout for that period amounted to $0.03 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.03 | $0.03 | $0.48 | $3.47 | $0.86 | $0.45 | $4.09 | $1.34 | $0.57 | $0.57 | $0.87 | $0.61 |
Dividend yield | 0.28% | 0.29% | 5.51% | 28.31% | 6.63% | 4.01% | 41.77% | 8.34% | 3.38% | 4.03% | 5.81% | 4.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Small Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.47 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.09 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.34 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 |
| 2013 | $0.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Madison Small Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Madison Small Cap Fund was 40.56%, occurring on Mar 23, 2020. Recovery took 140 trading sessions.
The current Madison Small Cap Fund drawdown is 12.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.56% | Aug 22, 2018 | 398 | Mar 23, 2020 | 140 | Oct 9, 2020 | 538 |
| -32.32% | Nov 17, 2021 | 215 | Sep 26, 2022 | — | — | — |
| -17.87% | Jun 24, 2015 | 148 | Jan 25, 2016 | 94 | Jun 8, 2016 | 242 |
| -11.11% | Mar 27, 2012 | 47 | Jun 1, 2012 | 67 | Sep 7, 2012 | 114 |
| -10.27% | Jan 5, 2017 | 157 | Aug 18, 2017 | 30 | Oct 2, 2017 | 187 |
Volatility
Volatility Chart
The current Madison Small Cap Fund volatility is 4.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.