Madison Dividend Income Fund’s Q4 2021 Investor Letter

Madison Funds, an investment management firm, published its “Madison Dividend Income Fund” fourth-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of +9.7% was recorded by the fund’s Class Y shares for the fourth quarter of 2021, compared to the S&P 500, Russell 1000 Value, and Lipper Equity Income Index gains of +11.0%, +7.8%, and +9.3% respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.