Madison Investments, an investment advisor, released its “Madison Dividend Income Fund” fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, the fund (Class I) appreciated -1.7% and outperformed the -2.0% and -1.8% returns for the Russell 1000 Value, and Lipper Equity Income peer group and compared to the S&P 500’s +2.4% return. For the full year, the fund returned +7.7% compared to +14.4%, +14.1% and +25.0% returns for the indexes. In addition, please check the fund’s top five holdings to know its best picks in 2024.
In its...
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