Madison Conservative Allocation Fund (MCNAX)

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The chart shows the growth of an initial investment of $10,000 in Madison Conservative Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Madison Conservative Allocation Fund (MCNAX) has returned -1.76% so far this year and 6.07% over the past 12 months. Over the last ten years, MCNAX has returned 3.70% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jul 3, 2006, MCNAX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, your investment would double in approximately 18.1 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +5.1%, while the worst month was Oct 2008 at -10.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MCNAX closed higher 48% of trading days. The best single day was Dec 30, 2021 with a return of +6.0%, while the worst single day was Dec 31, 2021 at -5.5%.

Madison Conservative Allocation Fund has an annualized alpha of 0.95%, beta of 0.29, and R² of 0.70 versus S&P 500 Index. Calculated based on daily prices since July 05, 2006.

• This fund participated in 42.05% of S&P 500 Index downside but only 34.67% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.29 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

MCNAX has an expense ratio of 0.71%, placing it in the medium range.

MCNAX ranks 44 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Madison Conservative Allocation Fund (MCNAX) and compare them to a chosen benchmark (S&P 500 Index).

Madison Conservative Allocation Fund provided a 2.39% dividend yield over the last twelve months, with an annual payout of $0.24 per share.

The table displays the monthly dividend distributions for Madison Conservative Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Madison Conservative Allocation 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 Conservative Allocation Fund was 27.65%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.

The current Madison Conservative Allocation Fund drawdown is 4.91%.

The chart below shows the rolling one-month volatility.