Madison Dividend Income I (MDMIX)

Fund Assets	85.66M
Expense Ratio	0.792%
Min. Investment	$250,000
Turnover	19.00%
Dividend (ttm)	0.48
Dividend Yield	1.77%
Dividend Growth	-10.21%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 30, 2026

Previous Close	27.06
YTD Return	13.34%
1-Year Return	14.22%
5-Year Return	34.68%
52-Week Low	24.33
52-Week High	27.74
Beta (5Y)	n/a
Holdings	39
Inception Date	Aug 31, 2020

About MDMIX

Madison Dividend Income Fund Class I is a mutual fund specializing in equity investments focused on generating consistent current income and pursuing capital appreciation. Its primary purpose is to invest in a diversified portfolio of dividend-paying companies with strong balance sheets and a proven history of maintaining or increasing dividends. The fund typically selects companies with market capitalizations exceeding $1 billion and seeks stocks offering a dividend yield at least as high as that of the S&P 500 Index. By targeting firms that trade at attractive historical dividend yields—often due to temporary issues—the fund aims to capture both reliable income and value-driven growth potential. Under normal market conditions, at least 80% of assets are allocated to dividend-paying equities, though the fund retains flexibility to invest a portion in investment-grade fixed income securities and foreign equities, including emerging markets. Managed by Madison Asset Management, the fund employs a conservative investment philosophy described as “Participate and Protect®,” aiming to participate in market upswings while mitigating downside risk during volatile periods. The Madison Dividend Income Fund Class I is positioned as a solution for investors seeking above-market dividend yields and exposure to high-quality companies, serving a vital role in portfolios seeking income, stability, and moderate growth within the broader equity market.

• Fund Family: Madison Funds
• Category: Large Value
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MDMIX
• Share Class: Dividend I ncome Fund Class I
• Index: S&P 500 TR

Performance

MDMIX had a total return of 14.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.72%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
BHBFX	Dividend Income Fund Class Y	0.91%
MADRX	Dividend Income Fund Cass R6	0.73%
MADAX	Dividend Income Fund Class A	1.16%

Top 10 Holdings

39.89% of assets

Name	Symbol	Weight
Johnson & Johnson	JNJ	5.45%
ExxonMobil Holdings Corporation	XOM	4.90%
Chevron Corporation	CVX	4.88%
CME Group Inc.	CME	3.74%
Union Pacific Corporation	UNP	3.60%
Automatic Data Processing, Inc.	ADP	3.56%
NextEra Energy, Inc.	NEE	3.56%
AbbVie Inc.	ABBV	3.55%
The Procter & Gamble Company	PG	3.53%
Medtronic plc	MDT	3.13%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.10321	Sep 30, 2026
Jun 30, 2026	$0.11236	Jun 30, 2026
Mar 31, 2026	$0.12941	Mar 31, 2026
Dec 26, 2025	$2.69248	Dec 26, 2025
Sep 30, 2025	$0.11641	Sep 30, 2025
Jun 30, 2025	$0.12935	Jun 30, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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