Madison Investors Fund’s Q4 2022 Investor Letter

Madison Funds, managed by Madison Investment Management, released the “Madison Investors Fund” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 10.2% compared to the 7.6% return for the S&P 500 Index. For the calendar year, the fund declined 13.2% compared to a -18.1% fall for the S&P 500 Index. In the quarter, the Consumer Discretionary sector was the largest positive contributor to the fund’s performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.