Madison Mid Cap Fund Class A (MERAX)

Fund Assets	1.72B
Expense Ratio	1.15%
Min. Investment	$1,000
Turnover	17.00%
Dividend (ttm)	0.50
Dividend Yield	3.08%
Dividend Growth	-42.12%
Payout Frequency	Annual
Ex-Dividend Date	Dec 29, 2025

Previous Close	16.17
YTD Return	9.85%
1-Year Return	7.82%
5-Year Return	41.97%
52-Week Low	13.76
52-Week High	16.25
Beta (5Y)	1.00
Holdings	37
Inception Date	Apr 19, 2013

About MERAX

Madison Mid Cap Fund Class A is an actively managed mutual fund focused on achieving long-term capital appreciation by investing primarily in the equities of mid-sized U.S. companies. The fund targets firms with market capitalizations generally ranging from $500 million to $70 billion, emphasizing industry leaders with robust growth prospects and strong fundamentals. Its investment philosophy centers on bottom-up security selection and building a concentrated, high-quality portfolio designed to weather various market conditions while prioritizing risk management and downside protection. With a core allocation to common stocks and related equity securities, the fund maintains a diversified portfolio—typically holding about 30 to 35 positions—and deploys extensive fundamental analysis to identify attractively valued companies. Key sectors include financial services, technology, consumer cyclical, and industrials, as reflected in its largest holdings such as Arch Capital Group, Gartner, and Ross Stores. Established in 2000, the fund has built a reputation for its disciplined approach to mid-cap investing, offering investors exposure to a segment of the market known for its blend of growth potential and relative stability compared to smaller firms.

• Fund Family: Madison Funds
• Category: Mid-Cap Blend
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MERAX
• Share Class: Mid Cap Fund Class A
• Index: Russell MidCap TR

Performance

MERAX had a total return of 7.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.46%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
SWMCX	Schwab	Schwab ® US Mid-Cap Index	0.04%
FLAPX	Fidelity	Fidelity Flex Mid Cap Index Fund	n/a
FSMDX	Fidelity	Fidelity Mid Cap Index Fund	0.03%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
GTSGX	Mid Cap Fund Class Y	0.90%
MMCRX	Mid Cap Fund Class R6	0.72%
MDCIX	Mid Cap Fund Class I	0.80%

Top 10 Holdings

44.42% of assets

Name	Symbol	Weight
Arch Capital Group Ltd.	ACGL	7.56%
Ross Stores, Inc.	ROST	5.92%
Amphenol Corporation	APH	4.99%
Brown & Brown, Inc.	BRO	4.08%
Carlisle Companies Incorporated	CSL	3.98%
Labcorp Holdings Inc.	LH	3.78%
PACCAR Inc	PCAR	3.74%
Medpace Holdings, Inc.	MEDP	3.73%
MSA Safety Incorporated	MSA	3.40%
Teledyne Technologies Incorporated	TDY	3.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 29, 2025	$0.49965	Dec 29, 2025
Dec 27, 2024	$0.8632	Dec 27, 2024
Dec 26, 2023	$0.17466	Dec 26, 2023
Dec 27, 2022	$0.24567	Dec 27, 2022
Dec 28, 2021	$0.64322	Dec 28, 2021
Dec 28, 2020	$0.41959	Dec 28, 2020

Data Sources: Tiingo, Alpha Vantage, and more

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

Last checked:

Aug 27, 2026

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