Madison Small Cap Fund’s Q2 2022 Investor Letter

Madison Funds, advised by Madison Asset Management, LLC, released its “Madison Small Cap Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. During the quarter, the fund declined 18.5% compared to a decline of 17.2% for the Russell 2000 benchmark. The fund’s underperformance was driven by stock selection. In addition, you can check the top 5 holdings of the fund to learn about its best picks in 2022.