Madison Funds, managed by Madison Asset Management, LLC, released its “Madison Dividend Income Fund” third 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%, 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. On a year-to-date basis, the Fund declined -16.9%, which outperformed the S&P 500 Index...
