Madison Investments, an investment advisor, released its “Madison Dividend Income Fund” third-quarter 2024 investor letter. In the third quarter, the fund (Class Y) appreciated +10.1% and outperformed the +5.9%, +9.4%, and +8.2% returns for the S&P 500, Russell 1000 Value, and Lipper Equity Income peer group, respectively. YTD, the fund returned +9.5% compared to +22.1%, +16.7%, and +16.2% returns for the indexes. In addition, please check the fund’s top five holdings to know its best picks in 2024.
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