Madison Mid Cap A

Frequently Asked Questions About MERAX

What does MERAX invest in?

The fund invests generally in common stocks, securities convertible into common stocks and related equity securities of "midsize" companies (for this purpose, "midsize" is defined as those companies with market capitalizations of between $500 million and $50 billion). Under normal market conditions, it will maintain at least 80% of its net assets (including borrowings for investment purposes) in such mid cap securities.

What is the expense ratio of MERAX?

Madison Mid Cap A (MERAX) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MERAX?

Madison Mid Cap A (MERAX) is one share class of a fund that manages $1.58B across all of its share classes (GTSGX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is MERAX actively managed or an index fund?

MERAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MERAX's is 1.15%) in exchange for the discretion to over- or under-weight positions.

When was MERAX launched?

Madison Mid Cap A (MERAX) launched in March 2000 and is managed by the fund issuer.

How has MERAX performed?

MERAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.