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Madison Dividend Income Fund This fall 2025 Investment Strategy Letter

Percentage Sign On Top Of Coin Stacks Before Blue Financial Graph

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For the fourth quarter, the Madison Dividend Income Fund (Class I) returned -0.2%, which compared to the S&P 500 Index, Russell 1000 Value Index and Lipper Equity Income peer group returns of +2.7%, +3.8% and +2.9%, respectively.

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