Fiduciary Management Small Cap Strategy’s Q3 2022 Investor Letter

Fiduciary Management, an investment management firm, published its “Small Cap Strategy” first quarter 2022 investor letter – a copy of which can be downloaded here. For the third quarter, the Madison Dividend Income Fund (Class Y) declined -7.8%, which compared to the S&P 500 Index, Russell 1000 Value Index, and Lipper Equity Income peer group declines of -4.9%, -5.6%, -5.8%, respectively Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.