Madison Conservative Allocation Fund (MCNAX)
The fund invests primarily in shares of other registered investment companies. Under normal circumstances, its total net assets will be allocated among various asset classes and underlying funds, including those whose shares trade on a stock exchange (exchange traded funds or "ETFs"), with target allocations over time of approximately 35% equity investments and 65% fixed income investments.
Fund Info
US5574926425
557492642
Jun 29, 2006
$1,000
Large-Cap
Blend
Expense Ratio
MCNAX has an expense ratio of 0.71%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Madison Conservative Allocation Fund (MCNAX) returned 1.24% year-to-date (YTD) and 4.62% over the past 12 months. Over the past 10 years, MCNAX returned 0.77% annually, underperforming the S&P 500 benchmark at 10.35%.
MCNAX
1.24%
2.97%
-0.49%
4.62%
0.17%
0.77%
^GSPC (Benchmark)
-3.77%
5.53%
-5.60%
8.37%
14.61%
10.35%
Monthly Returns
The table below presents the monthly returns of MCNAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.46% | 1.02% | -1.23% | -0.10% | 0.10% | 1.24% | |||||||
| 2024 | 0.00% | 0.42% | 1.60% | -2.49% | 1.92% | 0.95% | 1.98% | 1.64% | 1.18% | -2.30% | 2.15% | -2.40% | 4.56% |
| 2023 | 3.56% | -2.47% | 2.37% | 0.65% | -1.51% | 1.36% | 1.19% | -1.07% | -2.77% | -1.90% | 5.13% | 3.52% | 7.96% |
| 2022 | -2.65% | -1.26% | -1.03% | -4.79% | 0.52% | -3.72% | 3.58% | -3.14% | -5.38% | 1.37% | 3.95% | -1.70% | -13.80% |
| 2021 | -0.64% | -0.55% | -0.07% | 1.76% | 0.91% | 0.30% | 0.90% | 0.18% | -2.02% | 1.46% | -0.54% | -3.40% | -1.82% |
| 2020 | 0.93% | -1.01% | -4.18% | 4.20% | 1.87% | 1.20% | 2.64% | 0.80% | -0.88% | -0.89% | 3.05% | -3.80% | 3.62% |
| 2019 | 2.91% | 0.98% | 1.91% | 1.05% | -0.94% | 2.59% | 0.28% | 1.30% | 0.18% | 0.55% | 0.55% | -1.45% | 10.26% |
| 2018 | 1.39% | -2.38% | -0.12% | -0.19% | 0.57% | -0.14% | 0.95% | 0.66% | -0.23% | -2.62% | 0.87% | -4.42% | -5.69% |
| 2017 | 0.97% | 1.45% | 0.16% | 1.15% | 1.04% | 0.10% | 1.03% | 0.65% | 0.53% | 0.74% | 0.55% | -1.58% | 6.97% |
| 2016 | -0.89% | 0.40% | 2.80% | 0.58% | 0.19% | 1.27% | 1.53% | -0.09% | 0.11% | -1.32% | -0.67% | -0.63% | 3.27% |
| 2015 | 0.75% | 1.20% | -0.01% | 0.00% | 0.18% | -1.53% | 0.65% | -2.42% | -0.96% | 2.51% | -0.28% | -4.22% | -4.22% |
| 2014 | -0.74% | 2.15% | 0.05% | 0.46% | 1.37% | 0.82% | -0.90% | 1.81% | -1.50% | 1.09% | 1.17% | -4.53% | 1.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCNAX is 65, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Madison Conservative Allocation Fund (MCNAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Madison Conservative Allocation Fund provided a 2.76% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.23 | $0.13 | $0.19 | $0.22 | $0.19 | $0.24 | $0.18 | $0.20 | $0.13 | $0.17 |
Dividend yield | 2.76% | 2.82% | 2.41% | 1.48% | 1.78% | 2.00% | 1.77% | 2.37% | 1.71% | 1.97% | 1.32% | 1.58% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | |||||||
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.27 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.10 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.12 | $0.19 |
| 2020 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.11 | $0.22 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.19 |
| 2018 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.24 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.18 |
| 2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 | $0.20 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.13 |
| 2014 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.17 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 27.76%, occurring on Mar 9, 2009. Recovery took 418 trading sessions.
The current Madison Conservative Allocation Fund drawdown is 7.83%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.76% | Nov 1, 2007 | 338 | Mar 9, 2009 | 418 | Nov 2, 2010 | 756 |
| -22.95% | Dec 30, 2020 | 456 | Oct 20, 2022 | — | — | — |
| -12.05% | Dec 30, 2019 | 57 | Mar 20, 2020 | 53 | Jun 5, 2020 | 110 |
| -11.15% | Dec 30, 2014 | 266 | Jan 20, 2016 | 379 | Jul 21, 2017 | 645 |
| -8.29% | Dec 29, 2017 | 251 | Dec 28, 2018 | 119 | Jun 20, 2019 | 370 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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