Madison Small Cap Fund Q3 2020 Investor Letter

Madison Funds, an independent employee-owned investment firm, published its third-quarter Madison Small Cap Fund – a copy of which can be downloaded here. A positive return of 6.97% was recorded by the fund for the 3rd Quarter of 2020, ahead with its Russell 2000 benchmark that returned 4.93%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.